Search results for Electric Coin Company
Crypto
Zcash Open Development Lab raises $25 million seed to boost Zcash privacy
Zcash Open Development Lab (ZODL) raised $25 million in a seed round from major cryptocurrency investors including Paradigm, a16z Crypto, Winklevoss Capital and Coinbase Ventures, The Block reported on March 9. ZODL said it will use the funds to accelerate development of Zcash privacy technology. The round also included Maelstrom, Balaji Srinivasan, David Friedberg and Hasib Qureshi. ZODL manages an open-source Zodl Zcash wallet based on ECC’s Zashi wallet.
Crypto
Zcash developer activity slows amid governance dispute, ZEC falls for second straight month
Zcash developer activity has fallen to its lowest level since 2021, and the privacy-focused cryptocurrency’s ZEC token has dropped about 40 percent over the past two months, Cointelegraph reported. Santiment attributed the decline in development activity to overlapping governance disputes and falling prices. The ecosystem is facing conflict between Electric Coin Company and the protocol-support nonprofit Bootstrap. ZEC slid 14 percent last week to about $433.
Crypto
Zcash developer ECC splits with Bootstrap Foundation, forms new company
The Electric Coin Company team that developed privacy-focused cryptocurrency Zcash is splitting from the Bootstrap Foundation and will form a new company, Cointelegraph reported. CEO Josh Swihart said the entire team decided to resign due to disagreements with the foundation’s board and cited changes to employment terms. Zcash founder Zooko Wilcox said he trusted the board’s integrity and that the dispute would not affect network security or privacy. Zcash was down about 7 percent over 24 hours to around $461.