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Investors flock to Zcash, a new virtual currency that promises to be untraceable

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Zcash chief executive Zooko Wilcox, standing at left, with employees of the virtual currency company, in an undated company photo.

New York

SPECULATORS are snapping up a new virtual currency known as Zcash that was designed by university academics and built to be all but untraceable.

Investors were paying more than US$1,000 for a single unit of Zcash on Monday, a few days after the currency was first brought

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