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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 […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

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 […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

How law enforcement struggles with sophisticated crypto laundering

Advanced crypto laundering techniques continue to challenge law enforcement and crypto-related services, as highlighted in a new Chainalysis report on money laundering.

According to a report by Chainalysis, sophisticated money laundering techniques are presenting a significant challenge for law enforcement agencies and cryptocurrency service providers.

On July 11, the blockchain analysis firm Chainalysis released its “Money Laundering and Cryptocurrency Report,” highlighting the trend of billions flowing through the crypto ecosystem from illicit wallets to conversion services every month.

The report shows that these flows utilize advanced methods to obscure the origins and movement of these funds.

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Bitcoin proxy MicroStrategy debuts on Nasdaq-100

LocalMonero exchange shuts down as crypto privacy services dwindle

Monero’s version of LocalBitcoins is closing after 7 years of operations serving the XMR community.

Peer-to-peer trading platform for privacy coin Monero (XMR) has shuttered its services effective immediately, adding to the recent wave of crypto privacy closures and arrests. 

On May 7, LocalMonero announced that, effective immediately, all new signups and advertisement postings for Monero trades are disabled. On May 14, the platform will disable the trading of the privacy-focused crypto asset.

The firm cited “a combination of internal and external factors” but did not reveal the specific reasons for its closure.

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Bitcoin proxy MicroStrategy debuts on Nasdaq-100

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential AssetsThe 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 […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

Privacy Coins Under Attack – Not Down for the Count Yet

Privacy Coins Under Attack – Not Down for the Count YetThe 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, […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

Financial surveillance, privacy and CBDCs: Why are governments going cashless?

Attorney Marta Belcher joins The Agenda podcast to unpack financial surveillance’s vast infrastructure and warn of the potential ramifications of central bank digital currencies.

When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance.

On Episode 12 of The Agenda podcast, Jonathan DeYoung is joined by Marta Belcher, a cryptocurrency and civil liberties attorney who serves as president and chair of the Filecoin Foundation and general counsel and head of policy at Protocol Labs, which helps develop the Filecoin protocol. The two discuss a wide range of topics, from the ins and outs of financial surveillance in the United States to why governments are turning away from cash in favor of central bank digital currencies (CBDCs).

What is financial surveillance, and why does it matter?

To understand how financial surveillance is carried out in the United States, one must first understand the U.S. Constitution. “The Fourth Amendment basically says, if you want to get information about a person in the United States, you as law enforcement have to have a warrant that has to be signed by a judge based on you having probable cause of suspecting them of a crime,” Belcher explained.

However, under what is known as the “third-party doctrine,” the U.S. government holds that any information voluntarily handed over to a “third party” — such as a bank — can be collected without a warrant or probable cause. Given the amount of customer information banks are required to collect under the Bank Secrecy Act, the government winds up with a significant amount of information on the financial lives of everyday citizens.

Related: Who watches the watchers? CryptoHarlem founder Matt Mitchell explains why surveillance is the enemy

“When you think about today’s world, we live our entire lives through third parties. At any given moment in time, we are sending massive amounts of data to all sorts of third parties,” said Belcher.

“The government can get basically any information about us, and it’s rendered the Fourth Amendment useless.”

However, not everyone cares that such vast amounts of information are collected about them — but should they? “As an advocate for privacy and civil liberties, I encounter this common refrain of, ‘Okay, but why should I care?’” Belcher explained. “I have nothing to hide, and I don’t care if the government sees my financial transactions.”

According to the civil liberties attorney, this is a limited perspective:

“You may think you have nothing to hide right now, but at any point in time, the law could be different. At any point in time, an administration can change. And I think that it is important, and people are starting to understand why it’s important, to be able to make transactions that the government can’t see.”

CBDCs: A cause for concern?

CBDCs are controversial, with some arguing countries must digitize their currencies to remain competitive — while others condemn governments having greater control over everyday people’s finances. Belcher believes that a significant reason governments worldwide are developing CBDCs is to make financial surveillance easier, and that these programs are part of broader initiatives to phase out cash and other untraceable transactions.

“A cashless society is really a surveillance society. And what we’re seeing worldwide is this push to make transactions surveilable. And that includes things like pushing central bank digital currencies.”

According to Belcher, the potential ramifications of adopting CBDCs go well beyond expanded surveillance: “They’re also about control.” She explained that governments could theoretically not only create but revoke money, alongside controlling how and where individuals spend their funds.

“For me, that is terrifying, right?” Belcher said. “For the government to not only have visibility potentially into all of your financial transactions and to really shut down other potential avenues for those types of transactions, but for the government to also be able to revoke money is really terrifying.”

To hear more from Belcher’s conversation with The Agenda — including her experience interviewing Edward Snowden, the benefits of privacy coins and what people can do to challenge surveillance — listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

Magazine: Asia Express: Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

Coin Bureau Reveals Top Altcoin Picks Including Cardano, Monero, and Two Additional Crypto Assets

Coin Bureau Reveals Top Altcoin Picks Including Cardano, Monero, and Two Additional Crypto Assets

Guy Turner from Coin Bureau is revealing his top four altcoin picks, including Cardano (ADA) and Monero (XMR). In a new interview on the CryptoBusy podcast, Turner says Cardano’s blockchain upgrades and passionate community earns it a place on his top-four list. “I’d go for ADA at the moment. Yeah, it’s got its problems. And […]

The post Coin Bureau Reveals Top Altcoin Picks Including Cardano, Monero, and Two Additional Crypto Assets appeared first on The Daily Hodl.

Bitcoin proxy MicroStrategy debuts on Nasdaq-100

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs

Privacy Coins Take a Beating This Year Losing Over  Billion, Anonymity Takes a Back Seat to Defi, NFTsThe last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion. […]

Bitcoin proxy MicroStrategy debuts on Nasdaq-100