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

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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