Privacy Coins – Ƀitsell X

Monero P2P Trading Platform LocalMonero Closes, Citing ‘Internal and External’ Factors

May 8, 2024

LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services with immediate effect. In a Tuesday announcement, the exchange informed its users that new signups and advertisement postings for Monero trades would be disabled immediately. Furthermore, starting from May 14, the platform will no longer support trading of the privacy-focused cryptocurrency. LocalMonero Cites Internal…
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Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

March 25, 2024

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…
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Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering

February 22, 2024

Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission on Tuesday. The Grayscale Privacy ETF seeks to mirror the performance of five sub-categories in what would be an industry-first fund. These include companies engaged in data security and safeguarding, data privacy, and cybersecurity services. Products incorporating…
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Privacy Coins Under Attack – Not Down for the Count Yet

February 22, 2024

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,…
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Monero Tracing: Privacy Coin Proponents Dismiss Finnish Law Enforcement Agency’s Tracing Breakthrough Claims

January 31, 2024

A Finnish law enforcement agency, the National Bureau of Investigation (NBI), recently claimed that it may have found a way to trace the privacy coin Monero. However, proponents of the privacy coin have dismissed the agency’s claims and insisted that the cryptocurrency is still untraceable. Identification of Hacker Behind Vastaamo Data Breach Revealed The Finnish…
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Samourai Wallet Unveils Privacy-Enhancing BTC to XMR Atomic Swaps in Beta Launch

January 16, 2024

According to the Samourai Wallet developers, the beta release of bitcoin/monero atomic swaps has been launched, marking an exciting development in privacy-preserving techniques. This new release of the desktop application streamlines the process of securely swapping bitcoin and monero via the Tor network. Samourai Wallet Rolls out Beta BitcoinMonero Atomic Swaps The much-anticipated BTCXMR atomic…
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Binance Threatens Delisting of 10 Privacy Coins, Including Monero and Zcash Amid Regulatory Crackdown

January 4, 2024

Binance threatened to delist prominent privacy cryptocurrencies Monero and Zcash due to increased regulatory attention surrounding anonymous digital assets. Image by Vadim Artyukhin, Unsplash. On Thursday, Binance warned it may soon delist 10 prominent privacy coins, including Monero, Zcash, and Horizen due to regulatory concerns. In a statement, Binance said these tokens received a “monitoring…
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Former Monero Lead Maintainer Calls on Binance to Take a Stance on Privacy Coin Issue

December 30, 2023

Ricardo Spagni, the former lead maintainer of Monero, one of the most used privacy coins in the cryptocurrency market, has called on Binance to take a stance on the issue of privacy coins. Spagni stated that avoiding taking sides in the process is a disservice to the whole industry and that any protocol-level changes to…
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Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip

December 29, 2023

In light of the ongoing dialogue around Binance’s removal of privacy coins, the cryptocurrency exchange Okx has declared the removal of various spot trading pairs linked to privacy tokens such as monero, zcash, and dash. Okx attributes its decision to remove these offerings to “feedback from users” along with the exchange’s established guidelines for delisting.…
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Fading Interest for Privacy Cryptos Leads to $440M Market Dip in 2023

November 19, 2023

Throughout 2023, numerous sectors within the cryptocurrency market have experienced gains. However, leading privacy-centric crypto tokens have lagged behind in performance compared to their counterparts. Since January, the market value of the privacy cryptocurrency sector has diminished by $440 million, marking a notable downturn over the last ten months. While Privacy Assets Gained $1.35B in…
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