Zcash (ZEC) surged past the $400 mark for the first time since late January amid renewed chatter regarding the privacy narrative. ZEC rallied to $424 late Sunday, outperforming the rest of the cryptocurrency market, which added more than $50 billion to its total market capitalization.
Richardson described the reversal as a rule change at 'the 11th hour' that left a room of supporters stunned and forced the company back into private status despite having, in his telling, followed the playbook.
Porvenir, one of the largest pension fund managers in Colombia, launched a new crypto-linked investment portfolio option called Crypto Porvenir, allowing Colombian pensioners to achieve crypto exposure starting at 100,000 Colombian pesos through a safe, regulated product.
The over-reliance on punitive measures has led to their growing ineffectiveness, particularly evident in the context of the US-Israel war on Iran, which may further weaken the impact of US sanctions.