Kraken to end Monero support in European Economic Area
Monero’s price fell by 8% a day after Kraken announced it would stop supporting the privacy-focused cryptocurrency. Go to Source
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Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade
Zooko Wilcox is now the new head of product at Shielded Labs and wants to speed up the protocol’s upgrade to a hybrid PoS consensus mechanism. Go to Source
How law enforcement struggles with sophisticated crypto laundering
Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services as highlighted in a new Chainalysis money laundering report. Go to Source
EU Innovation Hub criticizes privacy coins and crypto mixers in new report
In its inaugural report on encryption, the EU Innovation Hub for Internal Security examined how privacy coins and mixing protocols are complicating regulatory efforts. Go to Source
LocalMonero exchange shuts down as crypto privacy services dwindle
Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community. Go to Source
Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets
The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that without privacy and security, cryptocurrencies cannot achieve the much-hyped widespread adoption. Hosting Multiple … Read more
Privacy Coins Under Attack – Not Down for the Count Yet
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape Privacy Coin Landscape The privacy coin landscape is experiencing seismic shifts after Binance, … Read more
Privacy Coin Interest Stays Tepid as Leading Coins Report Modest Gains in 2023
Over the past 90 days, the top privacy coins by market capitalization have seen an increase of just over $2 billion, rising from $4.65 billion on Nov. 9, 2022 to $6.69 billion today. However, while crypto assets such as bitcoin and ethereum saw gains of 30% or more in 30 days, privacy tokens like monero … Read more
Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs
The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion. … Read more
The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week
The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%. Privacy Coins Manage to Stave off Some of This Week’s Market Carnage, … Read more
