Cryptocurrency ZCash surges after Winklevoss twins bitcoin exchange gets OK – CBS News

Cryptocurrency ZCash surges after Winklevoss twins bitcoin exchange gets OK - CBS News

Cameron Winklevoss and Tyler Winklevoss attend the amfAR Fresh York Atavío 2018 at Cipriani Wall Street on February 8, 2018, te Fresh York City.

The price of cryptocurrency Zcash surged more than 43 procent after Gemini Trust Co., the bitcoin and other cryptocurrency exchange backed by Tyler and Cameron Winklevoss , announced it received approval from Fresh York regulators to permit trading ter the so-called “privacy coin” that enables anonymous trading.

The decision by the Fresh York Department of Financial Services to make Gemini the very first licensed ZCash exchange astonished the cryptocurrency community, according to Bitcoinist.com, which goes after the field.

Related movie: Poloniex Margin Trading Tutorial


After Gemini’s announcement on Monday, ZCash prices rose from $250 to $350 within an hour, spil traders expected the fame of the Winklevoss brothers — early players ter Facebook’s launch while at Harvard University and now vooraanstaand investors te bitcoin — to encourage others to buy the digital money, the webpagina said.

Zcash remains on a rip and recently switched palms at $362.48, according to CoinMarketCap.

“Regulatory certainty and oversight are critical for both fostering innovation and protecting consumers &mdash, and wij’re excited to provide our customers with a safe, secure and regulated toneel to buy, sell and store Zcash,” Gemini’s Vice Voorzitter of Engineering Eric Winer said ter a blog postbode.

Gemini customers will be able to deposit Zcash into their accounts beginning May Nineteen, with trading set to start three days straks.

Zcash offers both semi-transparent transactions, which like bitcoin are visible on a blockchain public ledger, and shielded ones where trades can be done anonymously.

Jonathan Berr is an award-winning verslaggever and podcaster based ter Fresh Pullover whose main concentrate is on business and economic issues.

Related movie: Gemini API Tutorial


Featured ter Moneywatch

20 of the coolest places to retire te the world

Find out what activities and attractions make thesis 20 cities and town some of the best places to retire around the world

Ten products you should never buy generic

Generics are a excellent way to save money te lots of cases, but here is a look at some clear exceptions

Related movie: Bitcoin 101 – Calling All APIs – Coding Live Price Gegevens From Bitcoin Exchanges


2 thoughts on “Cryptocurrency ZCash surges after Winklevoss twins bitcoin exchange gets OK – CBS News”

  1. I wasgoed thinking the opposite. Hard to imagine it taking this long with the backing it has if they were NOT going to approve it.

Leave a Reply

Your email address will not be published. Required fields are marked *