CandleFocus Privacy Coin Defies Crypto Downtick, Jumps in Price Amid New Coinbase Feature Launch
2024-10-11
Author: Content Editor
Zcash (ZEC) experienced a 12% jump in value as Coinbase introduced a new feature for the privacy coin. This increase defied the overall downtick in the crypto market, which dropped by nearly 2%. ZEC has also seen a 29% increase in the past week and is currently trading at $32.95. The new feature from Coinbase allows users to send Zcash to TEX addresses, which are receiving addresses that require funds to be sent from transparent addresses. This feature was created in response to regulatory pressure on intermediaries like Binance, who required funds deposited to come from a transparent address.
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