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5 Privacy Coins Face Delisting on Gate.io Exchange

5 Privacy Coins Face Delisting on Gate.io ExchangeCrypto firm Gate.io has revealed plans to discontinue perpetual contracts for five well-known privacy coins. Gate.io to Delist Privacy Coin Perpetuals Starting Dec. 25, 2024, trading for monero (XMR), dash (DASH), zcash (ZEC), horizen (ZEN), and verge (XVG) will switch to “reduce-only” mode, allowing traders to close existing positions but not open new ones. By […]

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Privacy Coins Take Center Stage: $7.38B Market on the Rise as XVG, XMR, ZEC Surge

Privacy Coins Take Center Stage: .38B Market on the Rise as XVG, XMR, ZEC SurgePrivacy coins are enjoying a boost this Wednesday, with the sector gaining 7.8% in just 24 hours. Monero (XMR) led the charge, climbing 12.3%, while zcash (ZEC) wasn’t far behind, advancing 15.4% against the U.S. dollar. Several others joined the rally, posting double-digit gains and keeping the momentum alive. Privacy Crypto Frenzy On Dec. 11, […]

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Crypto Anonymity Comeback: Monero Soars in Privacy Coin Frenzy

Crypto Anonymity Comeback: Monero Soars in Privacy Coin FrenzyOn Wednesday, privacy tokens gained traction with a 10.1% climb, reaching a market cap of $7.68 billion. Standout performers included monero (XMR), which leaped over 14%, and ZKML, surging past 16% against the U.S. dollar. Monero’s Leap and Haven’s 389% Surge Sparks Privacy Coin Buzz Monero (XMR), the leading privacy coin by market capitalization, experienced […]

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Bitcoin looks ripe for a rebound, and so do ETH, DOGE, LTC, and XMR

Bitcoin’s volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.

Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000.

The next major trigger for the cryptocurrency markets is the United States elections. In a market report, FalconX head of research David Lawant said that volatility could increase if “results are too close to call and it takes too much time to reach an outcome.” 

Crypto market data daily view. Source: Coin360

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Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report

Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report

Japanese authorities, including the National Police Agency and a joint task force from nine prefectural police departments, arrested 18 individuals involved in a scam using Monero (XMR). According to multiple reports, the suspects allegedly used stolen credit card details to make fraudulent purchases, primarily on the flea market app Mercari. Over the span of June […]

The post Police Analyze Monero (XMR) Transactions To Arrest 18 People Suspected of Fraud in Japan: Report appeared first on The Daily Hodl.

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Japanese authorities trace Monero, arrest 18 in $670K laundering case

The group of scammers has been under investigation by Japan’s newly formed cybercrime unit since August.

For the first time in crypto history, Japanese authorities arrested a gang of 18 scammers by analyzing Monero transactions.

Japanese authorities analyzed approximately 900 Monero (XMR)-based money laundering transactions from the gang of scammers, which caused approximately 100 million yen ($670,000) worth of damage during their criminal activity.

Japanese authorities told local media outlet Nikkei that this marks the first time in history that the country’s law enforcement agencies have used Monero transactions to identify a group of criminals.

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Academic paper suggests governments should attack public blockchains

Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations.

An academic paper titled: "Reconciliation of Anti-Money Laundering Instruments and European Data Protection Requirements in Permissionless Blockchain Spaces" published in the Journal of Cybersecurity suggests that governments should target cryptocurrencies — especially privacy preserving chains — to combat money laundering.

The author of the paper outlined several methods of undermining trust in permissionless blockchains including 51% attacks, price suppression, and Sybil attacks — a type of malicious activity in which a single user creates multiple accounts to manipulate a network. The author asserted:

However, the paper also argued that these methods should only be used as a "last resort" to combat money laundering after other policy initiatives such as blacklisting wallet addresses, flagging transactions, sanctions, and other regulations have been exhausted.

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BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in Review

BNY Mellon Engages With Regulators, Fed’s 50bps Cut Triggers Crypto Inflows, and More — Week in ReviewBNY Mellon is working closely with regulators to offer large-scale crypto custody services. Coinshares reported $321 million in digital asset inflows, driven by the Fed’s 50bps interest rate cut. Robert Kiyosaki predicts Bitcoin could reach $500K by 2025 and $1M by 2030, citing global financial instability risks highlighted in an upcoming book by Jim Rickards. […]

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Former Monero Developer Launches New Crypto Mining App

Former Monero Developer Launches New Crypto Mining AppRiccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action […]

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