Crypto Privacy Coins Are Popping Off Again – Here Are The Top Contenders That...
Crypto privacy coins have become the front-runners of the market recently, rallying even when Bitcoin and other altcoins have been on the decline. As the privacy narrative continues to run, there have been obvious winners and some that are yet to move in accordance. So, here is a list of some of the most popular privacy […]
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The war among meme coins for dominance has been rising with more and more contenders popping up over the years. While Dogecoin and Shiba Inu have maintained their positions as the largest meme coins in the game, the possibility of losing these positions is still very real. Just like Shiba Inu was able to briefly […]
Privacy coins remain a bone of contention when it comes to governments trying to regulate crypto transactions but that has not diminished their popularity. As more blockchains become easier to track, crypto investors have moved to privacy coins in a bid to better conceal their financial footprints. So as the popularity of these digital assets […]
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 hours, the top privacy coins by market capitalization today are around $6.44 billion, down 3% from the day prior.
While the Top Privacy Coins Have Seen Some Recovery, Most Took a Market Beating Last Week When OFAC Sanctioned the Crypto Mixing Service....
South Korea is to ban crypto exchanges from handling digital assets it considers “dark coins”. Regulator Financial Services Commission (FSC) is specifically targeting privacy coins such as dash, monero and zcash. ● The ban is with effect from March 2021. In an update to crypto regulations under the Special Payments Act, the FSC accuses privacy coins of facilitating money laundering activities. ● It says that transactions involving privacy-oriented coins like monero (XMR) or zcash (ZEC) are hard to trace for law enforcement agencies, including the Commission itself.....
In 2020, The CEO of exchange platform Coinbase Brian Armstrong made two important predictions for the crypto industry. First, he predicted that privacy coins will gain more relevance in the coming years. Second, those regulations are cryptocurrencies’ greatest threat. So far, his predictions seem to be right on track. Privacy coins are tools use by […]