Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries. As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens including Zcash (ZEC), Monero (XMR),…
Bitcoin (BTC) has been trading in a narrow range for the past few days, but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year…
Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said, in a recent post on X (formerly Twitter), that Bitcoin’s velocity has declined to a three-year low. He said this could either be considered positive, as whales were holding on to their positions, or negative because the transfer to new investors…
Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the…
Understanding mining algorithms Mining algorithms are the backbone of blockchain-based networks like Bitcoin and other protocols. In blockchain technology, mining algorithms are necessary for transaction verification and network security. A mining algorithm instructs miners’ computers to follow a set of rules to generate a valid block. Proof-of-work (PoW) is the well-known consensus algorithm used by…
A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000. The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero developer Luigi. According to him, the source of the breach has not been identified yet. “The CCS…
Global cryptocurrency exchange OKX will delist several p including Monero (XMR), in early 2024. OKX officially announced on Dec. 29 that it will delist a number of trading pairs involving major privacy tokens like Monero and Zcash (ZEC), as well as partly private coins like Dash (DASH) and Horizen (ZEN). The OKX exchange will remove a…
Finland’s National Bureau of Investigation reportedly tracked Monero (XMR) transactions as part of an investigation over Julius Aleksanteri Kivimäki’s criminal trial. Kivimäki is accused of hacking a private mental health firm’s database and demanding ransom payments in cryptocurrencies. According to local media reports, prosecutors dropped new evidence on Jan. 22 showing a crypto trail leading to Kivimäki’s…
Major privacy-focused cryptocurrency Monero has plummeted to multimonth lows amid Binance announcing the upcoming delisting of the token from its platform. Binance will delist Monero (XMR) alongside other tokens like Aragon (ANT), Multichain (MULTI) and Vai (VAI) on Feb. 20, 2024, the exchange announced on Feb. 6. As a result of the delisting, Binance will remove all…
In episode 49 of Cointelegraph’s Hashing It Out podcast, host Elisha Owusu Akyaw and guest Antoni Zolciak, co-founder of Aleph Zero, delve into the complex world of privacy in the Web3 ecosystem, with a particular focus on privacy-centric projects. Zolciak, who is deeply entrenched in the evolution of privacy protocols, highlights the challenges and advancements…