The Zcash team is undergoing significant changes as Josh Swihart, former CEO of Electric Coin Company, launches CashZ.org to focus on Zcash wallet development and commercialization. This move aims to expand Zcash's user base to hundreds of millions through a sustainable profit model. The community views this as a positive shift, likening it to a "reboot" for the privacy coin sector. In a separate development, Bank of America has upgraded Coinbase to "Buy" with a price target of $340, citing the expansion of its product offerings and the infrastructure value of Base L2. This upgrade reflects growing confidence in Coinbase as a key player in crypto infrastructure, despite recent market volatility. Additionally, Morgan Stanley plans to launch a cryptocurrency wallet by 2026, integrating digital assets with traditional wealth management. This move is seen as a step towards deeper integration between traditional finance and decentralized finance, signaling a shift from exploratory to systematic adoption of digital assets.
Zcash Team Restructures as Bank of America Upgrades Coinbase to 'Buy'
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