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Top 5 Privacy Altcoins for 2024! #shorts

Altcoin Buzz — Sat, 10 Aug 2024 22:32:24 +0000

Top 5 Privacy Altcoins for 2024!

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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Monero hits eight-year low against Bitcoin as regulatory pressures mount

admin — Tue, 30 Apr 2024 14:56:13 +0000

Monero’s XMR token has fallen to its lowest point against Bitcoin in the last eight years amid regulatory pressure on privacy-focused blockchain networks.

According to CoinMarketCap data, the XMR-BTC chart reached as low as 0.001954 BTC today, down 50% on the year-to-date metric. Moreover, the digital asset’s US dollar value has also been struggling, falling by more than 20% in the past year to less than $120 as of press time.

Nevertheless, Monero developers are intensifying efforts to enhance the network privacy features despite the regulatory challenges.

FCMP

A recent announcement on its website unveiled a novel privacy mechanism, “Full-Chain Membership Proofs (FCMP),” designed to supplant the current Rings system. While the Rings system secures sender privacy, it’s marred by vulnerabilities like EAE attacks, chain reorganization complications, and susceptibility to statistical analysis.

FCMP eliminates these risks, ensuring comprehensive user anonymity. It added:

“Full-Chain Membership Proofs prove the output spent is one of any output on the chain, effectively removing all of these risks. This means every input goes from an immediate anonymity set of 16 to 100,000,000.”

Notably, two significant proposals have emerged for implementing FCMPs. The first proposal aligns with the forthcoming Seraphis upgrade, aiming to bolster efficiency and privacy with tailored proofs. Meanwhile, the second proposal, devised as a countermeasure to spam attacks, introduces functionalities like transaction chaining, outgoing view keys, and forward secrecy autonomously from Seraphis.

Privacy under attack

Monero’s network reinforcement efforts coincide with heightened regulatory scrutiny on privacy-focused crypto tools.

US Treasury Deputy Secretary Adewale Adeyemo noted the exploitation of anonymity-enhancing tools like mixers by terrorist organizations and rogue states like North Korea to obscure the origins of illicit digital assets.

In a bid for compliance, the US government initiated legal actions against developers of Tornado Cash, a crypto-mixing service. More recently, the government arrested the co-founders of Samourai Wallet, a privacy-oriented service provider, for allegedly operating an unlicensed money transmission business.

Consequently, several crypto platforms, including Binance and OKX, have delisted privacy-focused digital assets from their platforms to comply with the evolving regulatory standards.

Despite these developments, prominent figures in the crypto space, including Ethereum co-founder Vitalik Buterin, have continued to advocate for the sector’s legitimacy and innovation.

Mentioned in this article

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MASSIVE: DAFI Protocol, NBA NFTs, Dogecoin, PlasmaPay, Polkadot and Chainlink, Fuse Network!!

Altcoin Buzz — Thu, 29 Dec 2022 00:53:53 +0000

$500 Kucoin Token (KCS) Giveaway | Macro Bitcoin News: MicroStrategy, BitGo, Dogecoin, NBA, NFTs | DAFI, FUSE Network, Plasma.Finance, Exeedme, UTRUST | DEXT, IOST, Polkadot, Polkamarkets, Chainlink

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Timestamps
0:00 $500 Kucoin Token (KCS) Giveaway
1:20 Macro Bitcoin News: MicroStrategy, BitGo, Dogecoin, NBA, NFTs
9:49 DAFI, FUSE Network, Plasma.Finance, Exeedme, UTRUST
11:56 DEXT, IOST, Polkadot, Polkamarkets, Chainlink

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Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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Privacy Coins For 2018 | Top Picks

Altcoin Buzz — Fri, 09 Dec 2022 16:04:29 +0000

Going into 2018 there will be a lot more buzz surrounding the development of the various privacy coin platforms. Since so many are discovering the vulnerability and total transparency of their public accounts, there should be more people moving a good portion of their portfolio in select privacy coins real soon.

Here are our top picks for 2018, but in no particular order:

Dash, Monero ,ZCash, Verge, DigitalNote, PIVX

source

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Amazon.com NFTs | Polygon MATIC Launches Advanced DeFi Yield Farming 💪

Altcoin Buzz — Tue, 05 Jul 2022 11:23:30 +0000

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TIMESTAMPS
0:00 Amazon NFT Crypto Integration
2:34 Polygon MATIC Liquidity Mining 2.0
3:12 StepN Solana SOL
3:35 Terra LUNA Adds $880 million “gift” from Terraform Labs
5:11 Chiliz CHZ and Socios.com NFL Partnership
7:00 Ripple XRP SEC Lawsuit Updates
8:40 Rapid Fire Altcoin News
10:48 Thoughts on Cryptocurrency Market

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DISCLAIMER
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#amazon #terraluna #polygon

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