Zcash
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$ZEC
#ZEC Chart Analysis
There haven’t been significant changes recently, so I’ll focus on the key points.
The most important area for #Zcash is highlighted in the red circular section.
If a correction occurs in that area, the price could fall further to the 1:1 level.
However, if that doesn’t happen, a strong support at $36.4 could trigger a major #upward movement.
In the mid-to-short term, a target price around $80 seems realistic. Of course, a bigger rise is possible, but consider this a conservative target.
If you'd like to keep up with further chart analysis, please follow me.
#ZEC Chart Analysis
There haven’t been significant changes recently, so I’ll focus on the key points.
The most important area for #Zcash is highlighted in the red circular section.
If a correction occurs in that area, the price could fall further to the 1:1 level.
However, if that doesn’t happen, a strong support at $36.4 could trigger a major #upward movement.
In the mid-to-short term, a target price around $80 seems realistic. Of course, a bigger rise is possible, but consider this a conservative target.
If you'd like to keep up with further chart analysis, please follow me.
$ZEC #zecash
#Zcash (ZEC) Chart Analysis
Zcash chart analysis was somewhat challenging.
I identified the end of the first yellow ABCDE wave, but I was uncertain whether the wave could decline further rather than starting a 0 wave uptrend.
Now, considering the possibility of an irregular correction, I’m leaning towards a positive outlook.
The current chart shape suggests an upward impulse wave of ABCDE.
It looks like a correction is on the way, and while it’s hard to pinpoint exactly where it will end, if ZEC resumes its upward trend, I believe it could easily reach around $100.
With only 16 million out of a total of 21 million coins mined so far, and assuming many have accumulated at this price level, I expect a significant upward move could occur.
Please follow for continued chart analysis.
#Zcash (ZEC) Chart Analysis
Zcash chart analysis was somewhat challenging.
I identified the end of the first yellow ABCDE wave, but I was uncertain whether the wave could decline further rather than starting a 0 wave uptrend.
Now, considering the possibility of an irregular correction, I’m leaning towards a positive outlook.
The current chart shape suggests an upward impulse wave of ABCDE.
It looks like a correction is on the way, and while it’s hard to pinpoint exactly where it will end, if ZEC resumes its upward trend, I believe it could easily reach around $100.
With only 16 million out of a total of 21 million coins mined so far, and assuming many have accumulated at this price level, I expect a significant upward move could occur.
Please follow for continued chart analysis.
Commander Noyan:
Zec can delist any time because its come in monitoring list
🔥 Seize the Golden Opportunity with Zcash! 💼💰
Attention all crypto enthusiasts! 🚀 Now is the perfect moment to dive headfirst into the world of Zcash – the hidden gem of the cryptocurrency universe! With only 21 million total supply though it,s under monitoring of Binance, Zcash is poised to skyrocket to new heights! 🌟
Why invest in Zcash, you ask? Here's why:
💎 Limited Supply: With a finite supply of 21 million coins, Zcash holds the key to scarcity-driven value appreciation. Don't miss out on securing your slice of the pie!
🔒 Privacy Protection: Zcash's cutting-edge privacy technology ensures that your transactions remain shielded from prying eyes. Say goodbye to surveillance and hello to financial freedom!
💰 Lucrative Returns: Get ready to fill your bags with potentially massive returns! With Zcash's promising future and increasing demand, the sky's the limit for your investment growth!
What's your price prediction for Zcash?
Don't let this golden opportunity slip through your fingers. Invest in Zcash today and embark on a journey to financial prosperity! 🚀 #HotTrends #Zcash #GoldenOpportunity #CryptoInvesting
Attention all crypto enthusiasts! 🚀 Now is the perfect moment to dive headfirst into the world of Zcash – the hidden gem of the cryptocurrency universe! With only 21 million total supply though it,s under monitoring of Binance, Zcash is poised to skyrocket to new heights! 🌟
Why invest in Zcash, you ask? Here's why:
💎 Limited Supply: With a finite supply of 21 million coins, Zcash holds the key to scarcity-driven value appreciation. Don't miss out on securing your slice of the pie!
🔒 Privacy Protection: Zcash's cutting-edge privacy technology ensures that your transactions remain shielded from prying eyes. Say goodbye to surveillance and hello to financial freedom!
💰 Lucrative Returns: Get ready to fill your bags with potentially massive returns! With Zcash's promising future and increasing demand, the sky's the limit for your investment growth!
What's your price prediction for Zcash?
Don't let this golden opportunity slip through your fingers. Invest in Zcash today and embark on a journey to financial prosperity! 🚀 #HotTrends #Zcash #GoldenOpportunity #CryptoInvesting
🚀🚀🚀 #Zcash ($ZEC ) Jumps More Than 20% After Digital Asset Manager #grayscale Proposes New ‘Privacy ETF’ to the #SEC
Grayscale, a leading digital asset management firm, has proposed a new privacy-focused exchange-traded fund (ETF) that includes the altcoin Zcash (ZEC).
If the proposal is approved, the Grayscale Privacy ETF will primarily invest in data privacy solution providers, cybersecurity firms, blockchain-based privacy solutions, and network security companies, as outlined in an N-1A form filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday.
Although the fund won't directly invest in digital assets, it plans to allocate 10% of its portfolio to the Grayscale Zcash Trust (ZCSH), which is a regulated financial product solely focused on Zcash.
Following the news, Zcash, the privacy-focused digital currency, experienced a notable surge of over 20%, climbing from around $24.24 to a peak of $29.21. However, it has since retraced partially and is currently trading at $26.89.
To qualify for inclusion in the Grayscale Privacy ETF's portfolio, companies must be publicly listed on a stock exchange and have a market capitalization of at least $250 million.
In January, Grayscale was among the 11 firms approved by the SEC to launch a spot Bitcoin (BTC) ETF. The company converted its flagship product, the Grayscale Bitcoin Trust (GBTC), into an exchange-traded fund listed on NYSE Arca.
Source - dailyhodl.com
#CryptoNews #BinanceSquareBTC
Grayscale, a leading digital asset management firm, has proposed a new privacy-focused exchange-traded fund (ETF) that includes the altcoin Zcash (ZEC).
If the proposal is approved, the Grayscale Privacy ETF will primarily invest in data privacy solution providers, cybersecurity firms, blockchain-based privacy solutions, and network security companies, as outlined in an N-1A form filed with the U.S. Securities and Exchange Commission (SEC) on Tuesday.
Although the fund won't directly invest in digital assets, it plans to allocate 10% of its portfolio to the Grayscale Zcash Trust (ZCSH), which is a regulated financial product solely focused on Zcash.
Following the news, Zcash, the privacy-focused digital currency, experienced a notable surge of over 20%, climbing from around $24.24 to a peak of $29.21. However, it has since retraced partially and is currently trading at $26.89.
To qualify for inclusion in the Grayscale Privacy ETF's portfolio, companies must be publicly listed on a stock exchange and have a market capitalization of at least $250 million.
In January, Grayscale was among the 11 firms approved by the SEC to launch a spot Bitcoin (BTC) ETF. The company converted its flagship product, the Grayscale Bitcoin Trust (GBTC), into an exchange-traded fund listed on NYSE Arca.
Source - dailyhodl.com
#CryptoNews #BinanceSquareBTC
🔥🔥🔥 Why #Zcash ’s Price Topped the #CryptoCharts Last Week?
Zcash Leads Market Gains as Founder Returns and MetaMask Integrates Support
- Last week, Zcash (ZEC) emerged as a leading crypto asset, securing the fifth spot among top gainers. By Tuesday, it trailed only Aptos (APT) at #4, with Sui (SUI) leading the week’s gains at +57%. Zcash saw a remarkable 29% gain over seven days and surged 56% from its low point between August 5 and August 12.
Why Did Zcash Outperform?
While much of the cryptocurrency sector struggled, Zcash’s
impressive performance can be attributed to several factors:
1. Founder’s Return: Zcash’s recent rally coincides with the return of its founder, Zooko Wilcox. After stepping down as CEO of the Electric Coin Company in December, Zooko announced his return to lead the project through Shielded Labs. His comeback has been positively received, with support from notable figures like Ethereum founder Vitalik Buterin, who emphasized the importance of Zcash’s mission beyond individual contributions.
2. #Metamask Integration: In early August, MetaMask, the leading Web3 wallet for Ethereum and DeFi, announced support for Zcash. This integration, bolstered by a $150,000 matching grant from MetaMask for developing a MetaMask Snap to support Shielded ZEC, has further boosted Zcash’s market appeal.
The Broader Impact
- The excitement around Zcash’s developments, alongside a broader recovery rally in the crypto market, has contributed to its gains. Additionally, Monero (XMR), another privacy-focused cryptocurrency, also saw price increases, suggesting a potential surge in interest for privacy coins.
- Zcash, a privacy-focused coin derived from #Bitcoin’s codebase, continues to attract attention and investment as it strengthens its position in the crypto space.
Source - cryptopotato.com
#BinanceSquareTrends
Zcash Leads Market Gains as Founder Returns and MetaMask Integrates Support
- Last week, Zcash (ZEC) emerged as a leading crypto asset, securing the fifth spot among top gainers. By Tuesday, it trailed only Aptos (APT) at #4, with Sui (SUI) leading the week’s gains at +57%. Zcash saw a remarkable 29% gain over seven days and surged 56% from its low point between August 5 and August 12.
Why Did Zcash Outperform?
While much of the cryptocurrency sector struggled, Zcash’s
impressive performance can be attributed to several factors:
1. Founder’s Return: Zcash’s recent rally coincides with the return of its founder, Zooko Wilcox. After stepping down as CEO of the Electric Coin Company in December, Zooko announced his return to lead the project through Shielded Labs. His comeback has been positively received, with support from notable figures like Ethereum founder Vitalik Buterin, who emphasized the importance of Zcash’s mission beyond individual contributions.
2. #Metamask Integration: In early August, MetaMask, the leading Web3 wallet for Ethereum and DeFi, announced support for Zcash. This integration, bolstered by a $150,000 matching grant from MetaMask for developing a MetaMask Snap to support Shielded ZEC, has further boosted Zcash’s market appeal.
The Broader Impact
- The excitement around Zcash’s developments, alongside a broader recovery rally in the crypto market, has contributed to its gains. Additionally, Monero (XMR), another privacy-focused cryptocurrency, also saw price increases, suggesting a potential surge in interest for privacy coins.
- Zcash, a privacy-focused coin derived from #Bitcoin’s codebase, continues to attract attention and investment as it strengthens its position in the crypto space.
Source - cryptopotato.com
#BinanceSquareTrends
🚀 Exciting Zcash (ZEC) Update! 🚀
📈 The ZEC price is on a rebound, retracing from the upper trendline and holding gains near the 200-day EMA at $30.92.
💹 Witnessing a rejection from the $35 swing high, ZEC is in a rising channel, signaling a trend reversal from $21 lows.
📊 Technicals suggest bullish momentum, with a potential retest of highs and a sail towards $50. Keep an eye on the immediate support at $27.
🔍 Zcash is a fully anonymous and decentralized crypto using zero-knowledge cryptography for untraceable transactions.
💡 Key Levels:
- Support: $28, $25
- Resistance: $35, $38
📉 Intraday drop of 7.73% with increased trading volume. Analysts maintain a neutral rating, expecting volatility.
📈 On daily charts, ZEC rebounds from the 50-day EMA, facing resistance at the 200-day EMA. RSI shows a volatile outlook, MACD signals bullish crossover.
📊 Weekly charts display a trendline breakout, initiating a rebound within a rising parallel channel. Buyers eye the $35 resistance.
🚨 Disclaimer: Views are for informational purposes only, not financial advice. Crypto and stocks involve risk. Do your research!
#Zcash #ZEC #TechnicalAnalysis #cryptocurrency #finance
📈 The ZEC price is on a rebound, retracing from the upper trendline and holding gains near the 200-day EMA at $30.92.
💹 Witnessing a rejection from the $35 swing high, ZEC is in a rising channel, signaling a trend reversal from $21 lows.
📊 Technicals suggest bullish momentum, with a potential retest of highs and a sail towards $50. Keep an eye on the immediate support at $27.
🔍 Zcash is a fully anonymous and decentralized crypto using zero-knowledge cryptography for untraceable transactions.
💡 Key Levels:
- Support: $28, $25
- Resistance: $35, $38
📉 Intraday drop of 7.73% with increased trading volume. Analysts maintain a neutral rating, expecting volatility.
📈 On daily charts, ZEC rebounds from the 50-day EMA, facing resistance at the 200-day EMA. RSI shows a volatile outlook, MACD signals bullish crossover.
📊 Weekly charts display a trendline breakout, initiating a rebound within a rising parallel channel. Buyers eye the $35 resistance.
🚨 Disclaimer: Views are for informational purposes only, not financial advice. Crypto and stocks involve risk. Do your research!
#Zcash #ZEC #TechnicalAnalysis #cryptocurrency #finance
$ZEC - Diving deep(er)?
Based on the indicators, ZEC looks mega bullish. As a result, the token's daily chart shows a bearish EMA crossover.
Usually, this indicates further downward momentum.
All moving averages are bearish, and the ADX indicates a strong trend.
Although we have some first oversold momentum indicators, this signal looks quite reliable.
Historical success rates are promising: In 84% of historical EMA crossover for ZEC the price declined by more than 10% in the following 30 days.
#Zcash #TradeSignal
Based on the indicators, ZEC looks mega bullish. As a result, the token's daily chart shows a bearish EMA crossover.
Usually, this indicates further downward momentum.
All moving averages are bearish, and the ADX indicates a strong trend.
Although we have some first oversold momentum indicators, this signal looks quite reliable.
Historical success rates are promising: In 84% of historical EMA crossover for ZEC the price declined by more than 10% in the following 30 days.
#Zcash #TradeSignal
$ZEC price displayed signs of bullish momentum with a golden cross pattern (50-day EMA crossing above the 200-day EMA), indicating a potential upward reversal. The token has shown price recovery since breaking out of a falling wedge pattern, with additional support from these moving averages.
#Zcash #Bitcoin $ETH
#Zcash #Bitcoin $ETH
Enhancing Privacy in the Zcash Ecosystem with Nym Integration
The recent announcement of Nym Technologies receiving a grant from the Zcash Community Grants to integrate its mixnet technology into the Zcash ecosystem marks a significant development in the realm of privacy protection for cryptocurrency users. This integration aims to address a crucial gap in privacy defenses within Zcash's infrastructure by providing robust network-layer privacy protections.
At the heart of this integration lies Nym's mixnet, a sophisticated privacy-enhancing technology designed to thwart metadata surveillance by adversaries ranging from governments to corporate entities and cybercriminals. Unlike conventional privacy solutions, which often focus solely on transactional privacy, Nym's mixnet offers comprehensive protection by obscuring metadata associated with online interactions. By encrypting data into identically sized packets and routing them through a series of randomized hops, the mixnet effectively obfuscates traffic patterns, making it virtually impossible for adversaries to trace users' activities.
The collaboration between Nym and Zcash represents a shared commitment to advancing privacy standards within the cryptocurrency space. While Zcash's pioneering use of zero-knowledge proofs has significantly bolstered transactional privacy, vulnerabilities at the network layer have remained a persistent concern. Adversaries can exploit weaknesses in transport protocols to glean sensitive information such as transaction addresses, undermining the privacy guarantees offered by Zcash's underlying technology.
By integrating Nym's mixnet into Zcash's light client libraries, developers gain the ability to seamlessly incorporate network-layer privacy protections into Zcash wallets, empowering users to safeguard their financial privacy more effectively. This partnership not only addresses existing vulnerabilities but also lays the groundwork for future innovations in privacy protection within the Zcash ecosystem.
The endorsement of this integration by key stakeholders, including Harry Halpin of Nym Technologies, Josh Swihart of the Electric Coin Company, and Jason McGee of Zcash Community Grants, underscores the collective commitment to advancing privacy as a fundamental right in the digital age. As privacy concerns continue to escalate amid growing surveillance threats, collaborations such as this play a crucial role in shaping a future where individuals can transact online with confidence, free from the specter of intrusive monitoring and interference.
In conclusion, the integration of Nym's mixnet technology represents a significant milestone in enhancing privacy protections within the Zcash ecosystem. By fortifying network-layer defenses, this partnership sets a new standard for privacy-preserving technologies in the cryptocurrency space, reaffirming the importance of collective efforts to safeguard individual privacy rights in an increasingly digitized world.
#Nym #Zcash #Privacy #Web3 #DeFi
At the heart of this integration lies Nym's mixnet, a sophisticated privacy-enhancing technology designed to thwart metadata surveillance by adversaries ranging from governments to corporate entities and cybercriminals. Unlike conventional privacy solutions, which often focus solely on transactional privacy, Nym's mixnet offers comprehensive protection by obscuring metadata associated with online interactions. By encrypting data into identically sized packets and routing them through a series of randomized hops, the mixnet effectively obfuscates traffic patterns, making it virtually impossible for adversaries to trace users' activities.
The collaboration between Nym and Zcash represents a shared commitment to advancing privacy standards within the cryptocurrency space. While Zcash's pioneering use of zero-knowledge proofs has significantly bolstered transactional privacy, vulnerabilities at the network layer have remained a persistent concern. Adversaries can exploit weaknesses in transport protocols to glean sensitive information such as transaction addresses, undermining the privacy guarantees offered by Zcash's underlying technology.
By integrating Nym's mixnet into Zcash's light client libraries, developers gain the ability to seamlessly incorporate network-layer privacy protections into Zcash wallets, empowering users to safeguard their financial privacy more effectively. This partnership not only addresses existing vulnerabilities but also lays the groundwork for future innovations in privacy protection within the Zcash ecosystem.
The endorsement of this integration by key stakeholders, including Harry Halpin of Nym Technologies, Josh Swihart of the Electric Coin Company, and Jason McGee of Zcash Community Grants, underscores the collective commitment to advancing privacy as a fundamental right in the digital age. As privacy concerns continue to escalate amid growing surveillance threats, collaborations such as this play a crucial role in shaping a future where individuals can transact online with confidence, free from the specter of intrusive monitoring and interference.
In conclusion, the integration of Nym's mixnet technology represents a significant milestone in enhancing privacy protections within the Zcash ecosystem. By fortifying network-layer defenses, this partnership sets a new standard for privacy-preserving technologies in the cryptocurrency space, reaffirming the importance of collective efforts to safeguard individual privacy rights in an increasingly digitized world.
#Nym #Zcash #Privacy #Web3 #DeFi
📉 #ZEC / #USDT Scalping (30min):
🚀 Trending upward after recent channel breakout, indicating potential for new highs.
📈 Consider placing SL below 200 EMA for risk management.
🎯 Entry: $32.74 | SL: $31.44 | Target: $34.53
#Zcash #CryptoScalping #TechnicalAnalysis #JTO #BTC
$ZEC $BTC $BNB
🚀 Trending upward after recent channel breakout, indicating potential for new highs.
📈 Consider placing SL below 200 EMA for risk management.
🎯 Entry: $32.74 | SL: $31.44 | Target: $34.53
#Zcash #CryptoScalping #TechnicalAnalysis #JTO #BTC
$ZEC $BTC $BNB
Big breakout on $ZEC
#Zcash is set to soar, and we're eyeing a
potential 2x pump from here. Buckle up 💸
#BinanceLaunchpoolTON
#CryptoMarketMoves
#MarketDownturn
#BlackRockETHOptions
#Zcash is set to soar, and we're eyeing a
potential 2x pump from here. Buckle up 💸
#BinanceLaunchpoolTON
#CryptoMarketMoves
#MarketDownturn
#BlackRockETHOptions
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The Zcash community suggested refusing public transactions
The Zcash (ZEC) cryptocurrency community has launched a vote on the issue of abandoning the transparent pool, which is used to conduct non-confidential transactions, information about which is publicly available. According to the proposal, the waiver of the transparent pool is proposed to be implemented on the tenth anniversary of ZEC - October 28, 2026. If the initiative is approved by the community, only anonymous transactions will be available on the Zcash network.
Voting on the Zcash form
#Zcash
The Zcash (ZEC) cryptocurrency community has launched a vote on the issue of abandoning the transparent pool, which is used to conduct non-confidential transactions, information about which is publicly available. According to the proposal, the waiver of the transparent pool is proposed to be implemented on the tenth anniversary of ZEC - October 28, 2026. If the initiative is approved by the community, only anonymous transactions will be available on the Zcash network.
Voting on the Zcash form
#Zcash
🚀 **Cryptocurrency Market Insights** 📊
**Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing**
📈 *Weekly Performance*
Zcash (ZEC) has experienced a remarkable 30% surge in the past week, boosted by Grayscale's filing for the Grayscale Privacy ETF (PRVC).
🤝 *Grayscale's ETF Proposal*
Grayscale submitted a proposal to the SEC for a unique exchange-traded fund (ETF) focusing on privacy and cybersecurity. The Grayscale Privacy ETF (PRVC) aims to track companies in sectors such as privacy coins, AI, data security, and more.
💼 *ETF's Investment Strategy*
The ETF's investment strategy includes a 10% allocation of its assets to Privacy-Preserving Protocols. This allocation is represented by the Grayscale Zcash Trust (ZCSH).
💹 *Market Rankings*
Zcash (ZEC) currently ranks fifth among the largest privacy tokens by market capitalization. This surge follows a broader trend where privacy tokens, including ZEC, have shown strong performance.
🤔 *Privacy Token Landscape*
Privacy tokens have gained attention amid increasing regulatory scrutiny. Zcash's privacy features make it a notable player in this landscape.
📈 *Overall Market Trends*
The scenario for privacy tokens is influenced by both regulatory scrutiny and technological developments. Other privacy-focused projects, such as Worldcoin, have also experienced notable growth.
🔮 *Future Outlook*
The filing for Grayscale's privacy-centered ETF and the positive performance of privacy tokens signal growing interest and potential future developments in this sector.
#Zcash #WLD #GRAYSCALE #TrendingTopic #Write2Earn
$ZEC $WLD
**Zcash Surges 30% Following Grayscale's Privacy-Centered ETF Filing**
📈 *Weekly Performance*
Zcash (ZEC) has experienced a remarkable 30% surge in the past week, boosted by Grayscale's filing for the Grayscale Privacy ETF (PRVC).
🤝 *Grayscale's ETF Proposal*
Grayscale submitted a proposal to the SEC for a unique exchange-traded fund (ETF) focusing on privacy and cybersecurity. The Grayscale Privacy ETF (PRVC) aims to track companies in sectors such as privacy coins, AI, data security, and more.
💼 *ETF's Investment Strategy*
The ETF's investment strategy includes a 10% allocation of its assets to Privacy-Preserving Protocols. This allocation is represented by the Grayscale Zcash Trust (ZCSH).
💹 *Market Rankings*
Zcash (ZEC) currently ranks fifth among the largest privacy tokens by market capitalization. This surge follows a broader trend where privacy tokens, including ZEC, have shown strong performance.
🤔 *Privacy Token Landscape*
Privacy tokens have gained attention amid increasing regulatory scrutiny. Zcash's privacy features make it a notable player in this landscape.
📈 *Overall Market Trends*
The scenario for privacy tokens is influenced by both regulatory scrutiny and technological developments. Other privacy-focused projects, such as Worldcoin, have also experienced notable growth.
🔮 *Future Outlook*
The filing for Grayscale's privacy-centered ETF and the positive performance of privacy tokens signal growing interest and potential future developments in this sector.
#Zcash #WLD #GRAYSCALE #TrendingTopic #Write2Earn
$ZEC $WLD
$ZEC is currently trading around $28.87, with a market capitalization of $481.8 million. The coin has seen significant fluctuations over the years but has recently stabilized after hitting a low of $16.10 in the past year. #SAR indicator shows it's at a consolidation position for uptrend reversal . #Zcash 's price has the potential to reach $61.12 in the near term
#BillionGit #Blockchain
#BillionGit #Blockchain
🛑 IS THIS THE END FOR PRIVACY TOKENS LIKE MONERO?⁉️
- #OKX has just dealt a major blow to the privacy sector of the #Cryptocurrrency industry.
- The exchange today announced its plans to remove privacy-focused #digitalassets from the platform, including…
Monero $XMR
Dash $DASH
ZCash $ZCASH
- The reason given by OKX for the decision is that said tokens “do not fulfill listing criteria”.
- In reality, however, it seems likely that these tokens were chosen for the cull owing to their privacy-focused nature.
- Projects like #Monero and #Zcash have come under persistent scrutiny in multiple jurisdictions, across the globe…
- … and it seems likely that the CEX is folding under the pressure of increased government scrutiny and cynicism.
- This cynicism stems from the projects’ ability to obfuscate and obscure transactional data, which some claim makes them ideal for malicious and illegal activity, such as money-laundering.
- The delisting will become effective on January 5th 2024.
‼️Other Delisted Tokens…
- The above tokens are not the only pairs set to be removed from the platform in early 2024.
- Several pairs, including some of $FLOW, $KSM, $JST, $KNC, and $ZKS, are also set to have certain $USDT and $USDC pairs removed as soon as January 4th.
How will other exchanges react to this move?👇
- #OKX has just dealt a major blow to the privacy sector of the #Cryptocurrrency industry.
- The exchange today announced its plans to remove privacy-focused #digitalassets from the platform, including…
Monero $XMR
Dash $DASH
ZCash $ZCASH
- The reason given by OKX for the decision is that said tokens “do not fulfill listing criteria”.
- In reality, however, it seems likely that these tokens were chosen for the cull owing to their privacy-focused nature.
- Projects like #Monero and #Zcash have come under persistent scrutiny in multiple jurisdictions, across the globe…
- … and it seems likely that the CEX is folding under the pressure of increased government scrutiny and cynicism.
- This cynicism stems from the projects’ ability to obfuscate and obscure transactional data, which some claim makes them ideal for malicious and illegal activity, such as money-laundering.
- The delisting will become effective on January 5th 2024.
‼️Other Delisted Tokens…
- The above tokens are not the only pairs set to be removed from the platform in early 2024.
- Several pairs, including some of $FLOW, $KSM, $JST, $KNC, and $ZKS, are also set to have certain $USDT and $USDC pairs removed as soon as January 4th.
How will other exchanges react to this move?👇