19 hour ago
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Zashi to Enable Private Shielded Zcash Purchases Next Week
- Zcash's shielded transactions will soon be available on Zashi Wallet, utilizing NEAR Intents technology. This feature allows users to swap other cryptocurrencies into private ZEC.
- Josh Swihart from Electric Coin Capital announced the feature's launch for next week, showcasing a swap example of 1 BTC to ZEC.
- Zashi previously integrated swaps to ZEC via NEAR Intents, allowing decentralized purchases using transparent addresses.
- Criticism arose regarding potential information leaks due to the use of transparent addresses for refunds. Future updates aim to address this issue with additional shielded features.
ZEC Price Analysis Amid Market Crash
- A significant crypto market crash led to $1.34 billion in liquidations within 24 hours, with Zcash experiencing large short position liquidations.
- ZEC saw $17.20 million liquidated, with $10.3 million from shorts, in contrast to the broader market trend of long position liquidations.
- As of now, Zcash trades at $572.88 with a market cap of $9.34 billion, ranking 14th on CoinMarketCap. It has gained 16.55% in 24 hours and 1,436% year-over-year.
- Zcash's rise is attributed to its privacy features and Zashi's improved user experience, supported by NEAR Intents as a "universal liquidity layer."
