Electric Coin Company (ECC), the firm behind privacy-centric cryptocurrency Zcash (ZEC), reported financial losses in Q1 2019. According to the recently published report, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year.
“The company’s first quarter ending amount of USD and Zcash was approximately $5.2M. The company currently holds approximately $6.4M worth of USD and Zcash.”
Previously, Electric Coin Company CEO and Zcash co-founder Zooko WILCOX discussed the possibility of the ZEC development fund renewal in a letter published in July.
Image courtesy: Bitcoin Exchange Guide