Zcash Governance Clash Tanked the ZEC Token. Here's Why It May Not Be as Big as It Seems.

Zcash governance clash tanked the ZEC token. Here's why it may not be as big as it seems.

While Electric Coin Company’s development team departed to form a new company, it will still be working on Zcash.

Zcash Governance Crisis Forces Full Exit of Electric Coin Company Staff

Zcash’s core development team has resigned en masse following a growing governance dispute with the non-profit board that oversees the Electric Coin Company (ECC), the primary developer of the privacy-focused blockchain. In a statement shared on X, ECC CEO Josh Swihart said the entire team was “constructively discharged” after fundamental changes to their employment terms were imposed by the Bootstrap board, a 501(c)(3) nonprofit established to …

Zcash core team quits over restructuring conflict, ZEC down 20%

Zcash’s entire Electric Coin Company (ECC) team has resigned to start a new privacy crypto firm after claiming that internal conflict over restructuring meant they could no longer honour the firm’s original mission. Former ECC CEO, Josh Swihart, announced the group’s departure from the cryptocurrency’s main development group on Wednesday.  Swihart claims that the developers were “constructively discharged” by board members of nonprofit Bootstrap…

Zcash Developers Quit and Start New Venture Amid Board Clash · Cardano Feed

Key Highlights Zcash devs exit ECC over governance clash, pledging to build a new firm while keeping Zcash’s privacy vision alive. Market jitters hit ZEC, dropping 7% as investors digest internal disputes,...

Morning Crypto Report: XRP Bulls Are Safe From Max Pain, Zcash (ZEC) Rockets 9,780% in Liquidation Imbalance as Core Team Exits, Binance Announces Gold and Silver Listings

Thursday starts out on the crypto market with leverage still in the driver's seat as XRP avoids a $14.6 million max pain, Zcash collapses into a 10,000% liquidation imbalance after team exits and Binance rolls out nonstop gold and silver trading.