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Ethereum (ETH) Founder Vitalik Buterin Eulogizes Zcash (ZEN), Calls It “Cool” Project

Ethereum (ETH) founder Vitalik Buterin has once again eulogized Zcash (ZEN), saying the project is cool. The cryptocurrency guru said this while he was charged to comment about a not too popular coin “ANON”.

Buterin despite the demand, said he comments on coins, stating afterward that Zcash is cool.

“Do you comment on coins besides ETH? I was curious. I do sometimes. @zcashco is cool.”

https://twitter.com/VitalikButerin/status/1028022694963343360

Vitalik’s statement attests to the unique features of Zcash. Series of discussion revolves around Zcash, the privacy coin is been praised by cryptocurrency enthusiasts every time. But some are of the opinion that privacy coins will help in fueling criminal offences on the internet.

Not long, Coinbase announced it’s exploring five assets, among them was Zcash. The announcement was seen as a major boost for the cryptocurrency since not many understand how reliable it is until Coinbase mentioned the coin amidst 4 other assets, which include, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), and 0x (ZRX).

The exchange mentioned Zcash especially saying: “We may also only enable certain ways to interact with these assets through our site, such as supporting only deposits and withdrawals from transparent Zcash addresses.”

Two days back, Zcash Foundation released a weekly update where it was indicated that Zcashd 2.0 otherwise regarded as the first Sapling compatible version is going to be released tomorrow, August 13, 2018.

A video series dubbed Perspective, a series purposely recorded during the Zcon0 conference, is going to be released. Zcon0 is the first ever conference organized by the Zcash community.

Here is this week’s update:

  • Zcashd 2.0 release
  • Sapling
  • Website rebranding
  • A policy to aid set up of  Zcash meetings.

Many have been talking about privacy in the cryptocurrency sphere. In a latest post by Weiss Rating, it was indicated that

According to Weiss and Villaverde:

“Privacy DLT is a technology that can guarantee the anonymity and privacy of voters, precisely what’s essential for secure, democratic elections. Thus, the same kind of Privacy DLT that Zcash uses for shielding transactions can also be used to create a fast, efficient, anonymous, and secure voting system.”

The pace at which people are embracing privacy coin is alarming. While security experts are of the opinion that privacy coin can serve as an option for criminals online, it is a known fact that privacy is sacrosanct for the fact many a number of individuals are under government’s surveillance.

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Ethereum (ETH) Founder, Vitalik Buterin, Says ETF Issues Overhyped

Ethereum Founder, Vitalik Buterin has stated that there has been unnecessary emphasis on Bitcoin and Ethereum ETFs, saying although the ETFs may help pump price, campaign for mass adoption should be given much emphasis because it has long-lasting effect on cryptocurrency.

Vitalik who’s of the opinion that stores need to start accepting cryptocurrency sees hope in the perspective than in the ETFs which is causing unnecessary havoc in the cryptocurrency space.

“I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.”

SEC Disapproval Of Winklevoss Brothers’ Application

On the 27th of July, cryptocurrency market witnessed a drastic downturn which must likely be a reaction to the United States Securities and Exchange Commission’ (SEC) decision to turn down Winklevoss brothers’ application for a Bitcoin exchange-traded fund (ETF).

Although, crypto market recovered, the news held the market for hours, making people think the end of crypto was signaled.

There is A big Difference

It is worthy to note that, according to Coindesk, the bitcoin ETF proposed by the Winklevoss brothers is not the same with the bitcoin ETF by investment firm VanEck and financial service company SolidX, which many people are discussing in the cryptocurrency space.

VanEck and SolidX made known that they applied to the SEC to get approval to kickstart what could be seen as the first bitcoin-based ETF. Responding to this application, SEC demanded comments on the request, interestingly, over 100 comments have been received, and SEC may respond to it any moment.

The Winklevoss bitcoin ETF was according to SEC rejected because the application is not “consistent with the requirements of the Exchange Act Section 6(b)(5), in particular the requirement that its rules be designed to prevent fraudulent and manipulative acts and practices.”

Crypto Community Is Calm.

While SEC’s decision has caused uproar in the crypto community, some respected investors keep on calming those who may be scared, saying the decision by SEC is nothing but a fume that will soon go into obscurity.

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