Key facts: Zcash Gains Traction; EU Rules Spark Privacy Demand; Winklevoss Launches ZEC Treasury
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Zcash uses zero-knowledge proofs for private transactions, boosting its attractiveness compared to Bitcoin and Ethereum, and has seen significant inflows into the Grayscale Zcash Trust.1Demand for Zcash (ZEC) is rising amid privacy concerns, especially after new EU rules impose strict limits on cash transactions and require identity checks for larger crypto trades.2The Winklevoss twins launched Cypherpunk Technologies, a ZEC-based treasury company, after acquiring and rebranding Leap Therapeutics, highlighting Zcash's potential in the crypto market.3
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