Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash
“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says. Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC).Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data.Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals are available on a regulated exchange.” The new option comes in line with Gemini’s mission to strengthen financial privacy and “empower the individual through crypto,”....
Related News
Gemini said adding shielded zcash withdrawals showed regulators could be made to be comfortable with privacy coins.
An exchange on X between Polygon’s CTO Mudit Gupta and Zcash founder Zooko Wilcox reignited a long-simmering debate over whether privacy-preserving shielded pools can be perfectly audited — and, by extension, whether ZEC’s 21 million cap can be trusted under all conceivable failure modes. The dispute hinged on a familiar fault line in privacy-coin design: […]
MIT research scientist and Zcash co-founder Madars Virza has set off a fresh round of privacy-coin debate after arguing that Zcash’s shielded pool delivers materially stronger anonymity than Monero’s ring-signature model—and that Zcash’s design choices also give it an edge over Bitcoin in a post-quantum world. Virza framed the discussion with a pointed update to […]
Per a Forbes exclusive, activist Edward Snowden revealed his participation in a ceremony that led to the creation of the privacy coin Zcash. Developed by the Electric Coin Company (ECC), the privacy coin was deployed in 2016 in a secret ceremony with the aid of 6 individuals. Related Reading | New York Prosecutors Present Clear Legal […]
Zcash (ZEC), the new digital currency lauded for its privacy features, is launching today amidst some massive hype. But until enough tokens become available on exchanges, Zcash enthusiasts are poised to acquire their ZEC first-hand by mining for it, either by setting up a home rig or by signing up for a cloud mining contract. Created from a fork of Bitcoin's codebase, Zcash promises all the best features and stability of Bitcoin with the added bonus of total payment confidentiality. Zcash transactions can be shielded to hide the sender, recipient and value of all transactions on the....