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ZEC Slides 10% as Developer Exodus Sparks Fresh Governance Fears
Zcash (ZEC), the privacy-focused cryptocurrency, plunged by over 10% in the last 24 hours to reach $438 across major exchanges on Thursday. The core catalyst appears to be the mass resignation of Zcash’s development team from the Electric Coin Company (ECC), the entity responsible for much of the protocol’s advancement. ECC has historically played a central role in advancing the Zcash protocol, overseeing core engineering, cryptographic research, and long-term roadmap execution. The resignations reportedly followed prolonged internal tensions related to funding sustainability, leadership direction, and the ... (full story)
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