Bitcoin enters its first institutional cycle, SALT's Shawn Owen says
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
Ledger's desktop app now allows private Zcash balances. ZEC is up 84% in the past month despite a slight 24-hour dip.
The desktop application of Ledger Wallet now permits Zcash (ZEC) holders to preserve private balances. This update arrives as ZEC is trading 84% above its level from one month ago.
Ledger manufactures hardware wallets—small devices that store private keys offline. Previously, users needed a separate third-party app to manage private ZEC.
Zcash provides two types of balances:
According to Ledger's support page, a single account can now contain both types.
Private funds are only visible if they are in Ironwood, the privacy pool launched by Zcash in July. It replaced the previous pool after researcher Taylor Hornby found a vulnerability, as reported in the Ironwood upgrade.
Ledger Chief Technology Officer Charles Guillemet stated that private data never leaves the user's computer.
“Privacy here is not a server setting. To keep your shielded balance private, the scanning and the transaction building happen on your machine: your unified viewing key is stored locally and is never shared with anyone, including us,” Guillemet wrote.
A viewing key allows software to read a wallet's private transaction history. Some simpler wallets send this key to a server.
However, there are limits. Private ZEC cannot be swapped without first converting it to transparent, and the original Nano S cannot run this feature.
An older app from developer Zondax will be removed on November 5; its users must transfer their funds before that date.
ZEC was trading at $1,516 at the time of writing, down nearly 3% over the past 24 hours. However, it has risen 23% over seven days and more than 84% over the past month, ranking ninth by market capitalization.
Money has also flowed into Zcash funds. Zcash exchange-traded funds attracted $98.2 million in the week ending September 18, the largest weekly ETF inflow among 14 crypto products.
Some backers see further upside potential.
Zcash will replace bitcoin
— Thor Torrens (@ThorTorrens) September 22, 2026
Not because we want it to
but because it has to
We cannot live in a world where the mass adopted coin is also the public surveillance coin
This is how we avoid the Orwellian nightmare
ZEC reached a 24-hour high of $1,658.86 before falling back below $1,530 at the time of writing. Ledger, meanwhile, left the choice to users, asking followers whether they hold ZEC shielded or transparent.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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