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Monero's XMR hits $500 for the first time since 2021 as rival Zcash fumbles
Monero surged past the $500 mark for the first time since its peak in May 2021. The privacy-focused cryptocurrency briefly touched $500.66 after rising more than 6% on Sunday and 20% over the past week. That brought it closer to its record high of around $517.50, established in April 2021. Monero's ascent contrasted sharply with the turmoil engulfing its privacy coin rival, Zcash On Wednesday, the Electric Coin Company (ECC) team behind Zcash resigned en masse, citing intolerable working conditions and board disputes over the project's assets and direction. The fallout exposed deep rifts in Zcash's leadership, ... (full story)
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