Zcash | Crypto

Hackers behind Bitget’s $387.5 million breach are turning to Zcash's privacy features to hide the stolen funds as crypto firms increasingly block other escape routes. About 2,746 ZEC worth roughly $3.9 million was transferred Wednesday into Zcash’s Ironwood shielded pool through three transactions, according to on-chain activity flagged by blockchain investigator ZachXBT. The amount represents […] The post Bitget’s hackers turn to Zcash after $50 million laundering route gets blocked appeared first on CryptoSlate.

Grayscale sees more room for Zcash to grow as its market share rises and demand for blockchain privacy increases.

The proposed NU7 change would disable version 4 transactions, leaving ZEC in Zcash’s legacy Sprout shielded pool unspendable. Zcash users holding ZEC in the network’s legacy Sprout shielded pool should move it before the planned NU7 upgrade or risk losing the ability to spend it. Under Zcash Improvement Proposal-2003, NU7 would stop accepting the older transaction format that allows users to spend Sprout funds. ZEC left in the pool would become unspendable after the upgrade. The proposal would not burn Sprout funds and leaves open the possibility of restoring access later. However, it warns that holders may never be able to spend funds left in the pool. Read more

21shares listed physically backed ZEC and ETHFI products on Euronext Paris and Amsterdam, as issuers broaden their offerings beyond major cryptocurrencies. European asset manager 21shares has launched the region’s first exchange-traded product tied to Zcash, extending the privacy coin’s reach into regulated markets following its strong performance over the past year. On Tuesday, 21shares listed its physically backed Zcash ETP on Euronext Paris and Amsterdam, allowing investors to gain exposure to ZEC through brokerage accounts without holding the cryptocurrency directly. The asset manager also introduced an ETP tracking ETHFI, the governance and utility token of Ether.fi, a decentralized finance protocol that offers staking and other crypto-based financial services. The ETHFI product is physically backed and trades on Euronext Paris and Amsterdam. Read more

At the close of trading on Sept. 28, shareholders will receive two extra shares for each one they hold. Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward share split, according to a filing with the US Securities and Exchange Commission. At the close of trading on Sept. 28, shareholders will receive two extra shares for each one they hold, according to the filing. The forward split is expected to decrease the price per share of the fund, according to a Grayscale press release, with a proportionate increase in the number of shares outstanding. Read more

ZCSH holders would receive three shares for every one held as the fund cuts per-share NAV proportionately without changing investment value solely because of the split. The post ZEC’s 100% rally above $1500 sends Grayscale’s Zcash ETF within $85 million of $1 billion appeared first on CryptoSlate.

A new upgrade would cut Zcash block time from 75 seconds to 25, while quietly rewriting how the network pays for its own security after 2031.

The advisory poll also favored Sprout transaction deprecation, faster blocks and shipping the upgrade without features that miss its deadline. The post Zcash holders vote to preserve halvings and defer recycled ZEC until 2031 appeared first on CryptoSlate.

Industry watchers are debating the fate of the Zcash development fund after the ZEC token’s rally pushed its value above $95 million. Crypto-focused venture capital firm Dragonfly’s managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028. “I’m of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value. The Zcash development fund held 63,962 Zcash (ZEC) tokens at press time, worth about $95 million, according to ZecStats. Read more

NU7 will cut Zcash block times to 25 seconds and preserve its halving schedule, with testnet activation planned for Oct. 6. Zcash developers are targeting Nov. 5 for NU7 mainnet activation after organizations and engineering teams reached “unanimous agreement” on its contents and estimated timeline.  On Thursday, Zcash developer Sean Bowe said the upgrade is scheduled to activate on the testnet on Oct. 6. A final decision on the mainnet upgrade and its activation height is scheduled for Oct. 20, after an assessment of NU7’s testnet performance.  The upgrade would reduce Zcash’s target block spacing from 75 seconds to 25 seconds, disabling version 4 transactions and integrating the Network Sustainability Mechanism (NSM). The chosen NSM configuration would preserve Zcash’s halving schedule, with the reintroduction of previously removed supply beginning in February 2031.  Read more

Former Hut 8 CEO Jaime Leverton will take the helm at Fortitude as the Zcash-focused miner expands its operations and moves toward a planned public listing. Fortitude Mining has appointed former Hut 8 CEO Jaime Leverton as chief executive as the Zcash-focused miner prepares to go public through a proposed merger with HeartSciences. Leverton will succeed Andrea Childs as CEO on Sept. 21, with Childs moving to chief operating officer. Fortitude mined 72,696 ZEC in the first half of 2026, accounting for about 28% of the network’s total production during the period. The company reported revenue of $20.9 million for the second quarter. It operates more than 60 megawatts of power capacity across seven sites in South Dakota, Nebraska, Texas and New York, and in July agreed to purchase 9,000 Bitmain Antminer Z15 Pro machines, which are expected to add 7.56 GSol/s of equihash hashrate. Shipments are expected in the fourth quarter. Read more

Zcash rose about 20% in 24 hours as Paradigm co-founder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally. Zcash gained about 20% over the past 24 hours as Paradigm co-founder Matt Huang disclosed that the crypto investment firm made an unspecified purchase of ZEC, the privacy-focused token that has been outperforming a broader rise across crypto markets. Zcash (ZEC), a cryptocurrency that enables users to make shielded transactions that conceal addresses and transaction amounts using zero-knowledge proofs, traded around $1,338 at last look on Thursday. Its surge came in the wake of Huang’s Wednesday post revealing that Paradigm is an investor in the Zcash Open Development Lab (ZODL) as well as a ZEC token holder.  Today’s more than 10% rise extends ZEC’s one-month increase to roughly 160%, compared to Bitcoin’s (BTC) 18.2% rise in the same period, according to Coingecko data. Read more

Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.

Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged. Zcash token holders backed cutting the network’s target block time to 25 seconds from 75 seconds and preserving its existing halving schedule in a poll on the next major upgrade. The faster-block proposal received 99.9% of the Zcash (ZEC)-weighted vote, while 98.9% supported keeping halvings, according to results published Monday. Voting power reflected eligible ZEC holdings, with both percentages including abstentions. The shorter interval would reduce the expected wait for a transaction’s first confirmation, according to the proposal. The amount of new ZEC issued per block would fall to keep scheduled daily issuance unchanged. Read more

ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25. Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrency’s market capitalization above $20 billion. ZEC reached $1,249.28 before retreating to about $1,195 on Monday, according to CoinGecko data. The token gained about 45% over the past week and 138% over 30 days. The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available. Read more

Zcash broke above $1,000 on Sept. 4, pushing the asset value of Grayscale’s recently listed ZCSH ETF past $400 million less than two weeks after its debut. ZEC registered an intraday high of $1,050.70, up roughly 20% over 24 hours and nearly 100% over the past month. The move lifted ZCSH’s assets to $414.7 million […] The post Zcash breaks $1,000 as its spot ETF crosses $400 million in assets appeared first on CryptoSlate.

ZEC has climbed roughly 19-fold in a year, yet Grayscale says its sub-1% share of Bitcoin’s market cap leaves room for further upside. Zcash could emerge as a meaningful challenger to Bitcoin’s dominance among digital assets as the rapid adoption of artificial intelligence puts a premium on financial privacy and fuels concerns over AI-powered surveillance, according to Grayscale.  In a new research report, Grayscale head of research Zach Pandl said Zcash (ZEC) has “second mover advantages” that could help it challenge Bitcoin’s (BTC) entrenched network effects, something previous alternatives such as Litecoin (LTC) have failed to achieve. Central to Pandl’s argument is financial privacy. Zcash can shield transaction information, which Grayscale argues could become increasingly valuable as AI systems become better at analyzing financial activity at scale. Read more

Spendable shielded ZEC must be in Ironwood at the snapshot before the Aug. 25 to Sept. 14 poll. The post Zcash surges 62% to $880 as holders prepare to vote on changing how ZEC is issued appeared first on CryptoSlate.

Under a June 30 snapshot, a nonbinding 200,000-ZEC contribution would give DCG International about 34% of the enlarged fund. The post Grayscale’s Zcash ETF filing proposes a 2.5% fee and a potential 34% DCG stake appeared first on CryptoSlate.

The private placement gives Fortitude 9.4% at a 22% premium while HeartSciences’ vote date remains unset. The post Zcash miner buys 9.4% of merger target that warns failed deal could end in liquidation appeared first on CryptoSlate.