As reported by DL News, the Winklevoss twins have launched Cypherpunk, a new crypto treasury firm investing over $50 million in Zcash. The firm already holds 203,775 ZEC and aims to own 5% of the total supply. Tyler Winklevoss stated that Zcash could become a significant portion of Bitcoin’s market cap due to its privacy features. Zcash’s price has surged over 1,000% this year, reaching over $500. However, EU lawmakers are set to ban exchanges from listing privacy coins like Zcash and Monero by 2027. High-profile legal cases in the US and Europe have also targeted privacy-focused blockchain developers.
Winklevoss Twins Launch Treasury Firm to Acquire 5% of Zcash Supply
DL NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.