Zcash’s nonprofit backer Bootstrap said governance tensions stem from nonprofit limits on outside investment, following a split with Electric Coin Company. Bootstrap, the nonprofit that supports the privacy-focused cryptocurrency Zcash, said a recent governance dispute that led to the departure of key board members stemmed from the legal limits nonprofits face when seeking outside investment. The comments follow the decision by the Electric Coin Company, the main development team behind Zcash (ZEC), to separate from Bootstrap and form a new company. ECC cited concerns over what it described as “malicious governance actions,” Cointelegraph reported Thursday. In its official response, Bootstrap said the board members engaged in discussions regarding “external investment and alternative structures to privatize” Zashi, the self-custodial crypto wallet built for private Zcash transactions. Read more
Davinci Jeremie bought Bitcoin at $1 and told his followers to buy $1 worth in 2013. Now that BTC is at $100K the price no longer matters to him. Bitcoin OG Davinci Jeremie is best known for buying Bitcoin in 2011 at $1, so it may come as a surprise that he barely seemed to care when the assets price reached $100,000. A 100,000x return would have most people jumping up and down with joy, but Jeremie was already fully content seven years earlier. The major change for me came at $20K, so after that, I pretty much stayed the same, Jeremie tells Magazine. Bitcoin reached $100,000 in December 2024, pretty much bang on seven years after it first reached $20,000 in December 2017. Read more