LDO and DYDX are among the top gainers in the past 24 hours as cryptocurrencies look to end the year on a high. This is amid expectations of a further bull market rally in 2025, buoyed by a pro-crypto Donald Trump administration.
Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa's gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec.
Horizen has made a strong comeback over the past week, hiking by 190.97% and hitting a 32-month high.
As 2024 draws to a close, the cryptocurrency market remains a landscape of sharp volatility, presenting both challenges and opportunities for traders and investors.
TL;DR Grayscale Investments filed Form 8-K for Horizen Trust, revealing the issuance of 3,565,200 shares backed by 304,034 ZEN tokens. Horizen Trust offers accredited investors secure and regulated access to the Horizen blockchain platform, featuring a mechanism to protect against market volatility. In 2024, Grayscale expanded its portfolio with new trusts, including Sky and Bittensor.
Grayscale has filed its 8-K form for a Horizen Trust with the SEC, creating significant buzz around Horizen (HEZ). Notably, Grayscale's move, coupled with the release of over 3.5 million shares and a steady accumulation of ZEN tokens, has sparked a rally in the price of Horizen (ZEN).
Grayscale Investment has made a compliance move in its crypto investment by filing an 8-K form for the Grayscale Horizen Trust (HZEN) with the SEC.
Crypto prices today displayed a mix of gains and declines. Bitcoin (BTC) was hovering around $94,000. It continued its decline from last week's all-time high of $108,000. Meanwhile, Ethereum (ETH), XRP, and Solana (SOL) showed sub-5% gains in the past 24 hours, hinting at recovery.
U.S. Digital Asset Investment Manager Grayscale has submitted a Form 8-K filing with the U.S. Securities and Exchange Commission regarding Horizen Trust.
Grayscale issued 3,565,200 shares tied to 304,034 ZEN tokens, valued at $4.7 million, through its regulated Horizen Trust.
The crypto prices today showed mixed trends, with Bitcoin (BTC) trading below $94,000. BTC has been on a week-long decline after reaching an all-time high of $108,000.
As the crypto industry experiences lower volumes, here are our top cryptocurrencies to watch this week: HYPE, Horizen and IMX.
The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels.
Horizen price spiked more than 60% in 24 hours as the cryptocurrency market looked to recover from a massive dump that saw top altcoins crash to key support levels. On Dec.
Secret Network has announced the launch of Claive AI, a decentralized platform that aims to provide secure and confidential artificial intelligence (AI) services for enterprise users. Claive AI Combines Blockchain and Confidential Computing According to the announcement shared with Bitcoin.
TL;DR Grayscale has launched the Horizen Trust (HZEN) to provide accredited investors with simplified exposure to Horizen (ZEN), bridging the gap between TradFi and the crypto market. The trust allows investors to gain exposure to ZEN without the complexities of direct ownership, making it appealing to those using traditional brokerage accounts.
Qualified investors can access the stock and derive value without purchasing the cryptocurrency.
Grayscale, a prominent digital asset manager, has introduced the Grayscale Horizen Trust (HZEN), providing eligible investors a chance to access ZEN tokens via a regulated investment product.
Grayscale announced that HZEN, its Horizen Trust, is now open to accredited investors. The firm has maintained this Trust for several years, but it has not been available OTC before now.
Grayscale has opened its Horizen Trust (HZEN) to qualified investors, providing exposure to ZEN tokens through a regulated investment channel.
Verge is among the top-performing privacy coins, leading the rally with a 51.8% price increase and $361 million trading volume in 24 hours.
Monero (XMR) Price experienced significant growth in November, aligning with a strong month for privacy coins following the nullification of Tornado Cash sanctions.
Monero's upward momentum comes as the wider privacy coin sector has heated up following a key court ruling on coin mixer Tornado Cash.
ZEC's long/short ratio indicates a strong bearish sentiment among the traders.
The cryptocurrency market has displayed a strong bullish price action over the past few days. This has resulted in the crypto space achieving a new ATH. Moreover, with Bitcoin price hovering above the $97k mark, the altcoin market is gaining momentum.
ZCash (ZEC) has shown a remarkable recovery in recent weeks, with a 28% surge over the last seven days, demonstrating strong upward momentum despite broader market volatility. As of now, ZEC is trading at approximately $54.32, and many analysts are speculating whether the cryptocurrency can achieve the psychological milestone of $100 by the end of December 2024.
Despite being on an upward slope, the MFI has not reached overbought levels suggesting there is room for more gains.
ZEC, the native token of privacy-focused protocol Zcash, has surged by 23% in the past 24 hours, making it the crypto market's top gainer. It has outperformed major assets like Bitcoin and Ethereum, which rose by 1% and 3%, respectively, during the same period.
The cryptocurrency market today reflects mixed sentiments, with the global market cap dropping 1.96% to $3.2 trillion over the past 24 hours. Trading volume also fell by 6.16%, now standing at $224.95 billion. Despite the dip, market sentiment remains highly optimistic, as the Fear & Greed Index reached 81, signaling extreme greed.
Privacy-focused digital coins recorded double-digit surges as the latest court ruling exempts immutable smart contracts from the US Treasury sanctions. While the crypto market reflects indecisiveness as Bitcoin wavers above $93K, up 1.75% over the past day, privacy tokens saw significant gains. Tornado Cash's native token, TORN, gained over 700% following the verdict.
Privacy-focused cryptos saw double-digit gains as a U.S. court ruling declares immutable smart contracts exempt from Treasury sanctions.
Zcash (ZEC) is showing strong signs of recovery with back-to-back green candles and growing market momentum fueling its bullish run.
The ZEC price trend shows a recovery rally despite the Bitcoin price declining to $92,735. With a 28% jump in the last seven days, ZCash makes a comeback in the bull market. As the ongoing rally aims for the $100 psychological mark, should you consider buying ZEC? Let's find out.
Secret Network (SCRT) saw a remarkable 50% price rise today, driven by three key developments. The network's inclusion in NVIDIA Inception, a program supporting innovative tech startups, signals growing confidence in its privacy-focused solutions.
Privacy-focused cryptocurrencies like Monero and Zcash might be poised for significant growth this November. Transaction volumes for these coins have increased on ChangeNOW, a platform that allows cryptocurrency exchanges without registration.
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and government regulation.
TL;DR The use of privacy tokens offers a solution to improve financial confidentiality, protecting the identity of users. Monero, Zcash, and Dash are examples of assets that implement advanced technologies to ensure greater anonymity in transactions. These tokens face an increasingly hostile regulatory environment, which could limit their adoption among users who value financial freedom.
Privacy coins like Monero (XMR) and ZCash (ZEC) have faced widespread delistings in 2024, with 60 removals from exchanges, the highest since 2021, due to increasing regulatory pressure.
A study published in the Journal of Cybersecurity recommends that governments focus on cryptocurrencies, particularly privacy coins, to address money laundering.
Privacy tokens underwent nearly 60 delistings by centralized exchanges this year, a record since 2021, according to a recent Kaiko report. The report tracked Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC).
Several altcoins, including Dogwifhat, Worldcoin, and Zcash, posted gains, as Bitcoin eyes the critical resistance near $64K.
Demonizing privacy coins undermines the core principles driving many web3 natives: The freedom of essential human rights, and privacy being one of them.
Crypto exchange NoOnes bucks regulatory crackdown on privacy coins, adding Monero, Zcash to its platform.
Story Highlights The live price of the Zcash token is ZEC price could hit its potential high of $61.12 by the end of 2024. Zcash price with a potential surge could go as high as $220.46 by the end of 2030. Zcash is a decentralized and open-source cryptocurrency that offers transparency and privacy of transactions.
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn't have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period.
Horizen's future-proof modular architecture will enhance the functionality and interoperability between chains within the network, while maintaining robust security.
Binance announces support for the Horizen (ZEN) network upgrade, temporarily suspending deposits and withdrawals on September 12, 2024.
Bitcoin faced the anticipated near-term downturn after a recent failed attempt to reverse the prevailing bearish trend, leading to a decline to $58,569.99 at the time of writing.