Privacy tokens are taking center stage this week, bucking the slump that has affected the broader cryptocurrency market. Notable commentators in the cryptocurrency space have been predicting a spike in privacy coin prices for months. Their projections now appear to be coming true. Some have wondered whether there hasn’t been a coordinated effort to pump…
While the rest of the crypto space has entered a slump, traders are banking on privacy tokens with Zcash leading the charge. CoinMarketCap data shows that Zcash (ZEC) climbed to a high of $655 earlier today, reaching a market capitalization of approximately $10.6 billion. At the time of writing, the rally had cooled off and…
Investor demand for financial privacy is fueling a rally in privacy-preserving cryptocurrencies, signaling renewed interest in self-sovereign blockchain transactions. The market capitalization of privacy-preserving cryptocurrencies rose by about 80% over the past week to briefly surpass $24 billion earlier on Monday before retracing 2.9% to $23.7 billion at the time of writing, according to data…
Some of the leading privacy coins are defying the gravity of the digital asset market, signaling growing investor demand for privacy-focused cryptocurrencies. Zcash (ZEC) surged to an over eight-year high of $388 on Friday after rising 7.6% in the last 24 hours, according to data aggregator CoinMarketCap. With a $6.2 billion market capitalization at the…
Privacy blockchain Monero has rolled out a new client update to provide users with greater security against “spy nodes” on the network. The “Fluorine Fermi” software update was announced via X on Thursday, with the team stating it is “a highly recommended release.” Fluorine Fermi is the name given to v0.18.4.3 of the Monero software:…
Blockchain industry participants and regulators continue wrangling over privacy rights as the European Union’s sweeping Anti-Money Laundering (AML) rules look set to ban privacy-preserving tokens and anonymous crypto accounts starting in 2027. Credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies under the…
Monero’s privacy token rose more than 7% despite its blockchain suffering an 18-block reorg on Sunday — reversing around 117 transactions and triggering community concerns over the Monero ecosystem’s future. The security breach was committed by the team behind Qubic, a layer 1 AI-focused blockchain and mining pool that amassed 51% hashrate on Monero and…
The Monero community is exploring a potential overhaul of its proof-of-work (PoW) consensus mechanism to make the network resistant to 51% attacks. Community members suggested several proposals, including localizing mining hardware, switching to a merge mining algorithm, allowing XMR to be mined alongside Bitcoin (BTC) or other major cryptocurrencies, and adopting Dash’s ChainLocks solution. Dash’s…
The community for Qubic, the AI-focused blockchain project that executed a 51% attack on Monero this week and gained majority control of the network’s computing power, has voted to target Dogecoin (DOGE) next. Sergey Ivancheglo, the founder of the Qubic network, asked the Qubic community which application-specific integrated circuit (ASIC)-enabled, proof-of-work blockchain the group should…
A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year…