Zcash, a privacy-focused cryptocurrency founded in 2016, has surged more than 1,100% over the past year as some of bitcoin's most prominent early backers shift their attention to a token they believe captures what crypto was originally meant to be. The rally has been driven by a combination of institutional conviction and receding regulatory risk. The Winklevoss twins committed $50 million to launch Cypherpunk Technologies, a digital asset treasury company focused on Zcash, while Barry Silbert's Digital Currency Group made the token one of its largest holdings. Grayscale Investments, which manages the first publicly ... (full story)