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Edward Snowden Says That He Was One of the Six Key Participants in Creating Privacy Coin Zcash

Daily Market Wrap

  • Crypto market cap: 1.81 trillion, up 0.31%

  • BTC price stands at USD 39,533, up 0.24%

  • ETH price stands at USD 2,912, up 0.53%

  • Top gainer: ApeCoin (APE), up 10.39%

  • Top loser: Waves (WAVES), down 10.11%

News of the Day

Why it matters:

  • The notorious whistle-blower Edward Snowden reveals that he was the key contributor to Zcash Creation from a leaked video from Zcash Media of Snowden first reported by Forbes

  • Snowden joined the Zcash team in a “trusted setup” in which a sliver of the private key needed to create the cryptocurrency was distributed to each participant

  • In an extensive interview with Marta Belcher of Filecoin Foundation for Camp Ethereal 2022, Snowden talked about how governments view crypto as “an evolving threat, “how crypto “transforms power relationships”, and so on

Crypto daily spotlight

Brief introduction: Evmos is a highly scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum, allowing for cross-blockchain transactions between Ethereum and Cosmos. It’s built using the Cosmos SDK which runs on top of the Tendermint Core consensus engine, enabling developers to use pre-built and custom-built models and test them before launch.

Why it matters:

  • After the failure of the network upgrade, Evmos plans to relaunch on Wednesday with new tools for users looking to claim airdropped tokens

  • The Evmos team has worked hard over the past month to ensure the buggy March airdrop will not happen again

  • Evmos founder Frederico Kunze Küllmer said “We implemented additional checks on the claiming process and we also introduced our recovery for all the funds that were stuck”

  • He also added, “We also have a clear guide for how to claim the tokens and how to recover tokens permanently stuck.”

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