Gemini founders donate $1.2M to Zcash

The Winklevoss brothers, co-founders of the cryptocurrency exchange Gemini, have donated $1.2 million to Zcash (ZEC), The Block reported. The donation of 3,221 ZEC was sent to Shielded Labs, an independent development organization that includes Zcash founder Zooko Wilcox. These funds are slated for protocol initiatives aimed at improving the security and scalability of the Zcash network.