Top Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than...
Since the end of April, the top privacy crypto assets by market capitalization went from a combined value of $10.7 billion to today’s valuation of around $5.09 billion. During that time frame, monero lost 48% in value while zcash shed 56% against the U.S. dollar. Privacy Coin Economy Sheds Billions Since End of April The top five privacy crypto coins monero (XMR), zcash (ZEC), decred (DCR), nucypher (NU), and horizen (ZEN) have lost significant value during the last two months. On April 28, 2022, archived data shows that the top privacy crypto assets by market....
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According to a study conducted by the US Department of Commerce, almost half of Americans are reluctant to shop online due to concerns over privacy and security. The study, conducted by the Department of Commerce’s National Telecommunications and Information Administration (NTIA), revealed that 45% of American households polled online reported limiting online activity because of security and privacy concerns. Fear of identity theft and government hearing unpopular opinions. According to the NTIA’s study, almost half of citizens were concerned about either transacting financially,....
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....
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, but Are Still Down 62% Lower Than 9 Months Ago
At the time of writing, the entire market capitalization of all the privacy coins in existence is roughly $5.55 billion. Monero (XMR) leads the pack with a market valuation of around $2.64....
In the past year and a half, a lot of focus has been put onto privacy and how governments have been spying on both citizens of their own country, as well as other officials in foreign countries. A draft bill has surfaced in The Netherlands, which would regulate bulk surveillance from an online perspective. Our society has been evolving in such a way that most people have [gladly] given up their privacy in return for more convenient ways to spend their lives. However, every time the topic of privacy comes up, these same people are the first ones to complain about how their human rights are....
Will the potential long-term bear market of 2022 begin the push for increased privacy for people exchanging cryptocurrencies? The crypto market has been on a downward trajectory since the tail end of 2021. In early May 2022, it culminated in a dip that impacted traditional markets just as hard. The recent bust removed some speculation from the market. But the shakeup is different than in the past. There are still many more active users utilizing the Bitcoin network than we have seen in past cycles. Many more holders and true believers made it through to the other side. However, as this....