Even Amazon Loses, Edward Snowden Co-Created Zcash, Stepn And Apecoin Continue To Swim Upstream

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Last Updated on 29 April 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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For the first time since 2015, Amazon reported a loss. The tech behemoth lost some $4 billion in the first quarter of 2022 and for many analysts it is becoming quite obvious that a possible recession is in the works in the USA. Over in the cryptosphere, Edward Snowden was named as the co-developer of ZCash while Stepn and Apecoin broaden their gains for the moneht.

Apparently NSA whistleblower Edward Snowden, who gained notoriety in the crypto community by being the person to pinpoint the 2020 Bitcoin lowest point during the stock market’s infamous Covid crash of March, was involved in the development of an anonymity coin back in 2016 already.

YouTube video

In a documentary by Zcash Media about the history of the coin, we can hear Snowden confirm and explain his role. He states:

When we look at cryptocurrency, we generally see the cryptographic properties of it being used to make sure it’s a fair ledger, but not that it’s been used to ensure that it’s a private ledger. Bitcoin quite famously is an open ledger. The problem with that is you can’t have truly free trade unless you have private trade. And you can’t have a free society without free trade.

During the development of Zcash, which currently ranks as number 51 on CoinMarketCap, Snowden was assigned the pseudonym John Dobbertin as an homage to Hans Dobbertin, the late German cryptographer best known for tracking down weaknesses in cryptographic algorithms.

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Apecoin and Stepn broaden gains

In a month where headlines have screamed of tech and crypto meltdown, a Netflix crash and a Twitter deal that sank the value of Tesla, it is nice to see that within the crypto community of coins, there are still some winners.

This site has pointed it’s readers to both Apecoin and Stepn since the beginning of the month and it is clear they will (fingers crossed) end with a higher price range than when they started the month.