South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions – Regulation Bitcoin News

South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. No Major Domestic Exchanges Can List a Privacy-Centric Crypto-Asset According to Electronic Times, the Financial Services Commission’s Financial Intelligence Unit (FIU) confirmed that all privacy coins would be delisted from the domestic cryptocurrency exchanges. The watchdog argued that difficulties in determining transaction details carry a high risk of money laundering through…

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Using Stowaway For Bitcoin Privacy – Bitcoin Magazine

Animated cover image by @artdesignbySF. When it comes to defensively guarding the privacy of Bitcoin users, Samourai Wallet has been on the bleeding edge for many years, bringing new features and improvements to users that help achieve anonymity through Whirlpool, its CoinJoin implementation, and to maintain privacy with spending tools like Stowaway, Stonewallx2, Ricochet and PayNyms. Samourai Wallet is also the only Bitcoin wallet to date that has implemented BIP 47.  Additionally, it recently implemented the app-agnostic, Tor-based communication layer Soroban. Soroban brings tremendous UX improvements to users engaging with…

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How PIVX Is Bootstrapping the Revival of Privacy Coins – Sponsored Bitcoin News

sponsored Throughout its history, PIVX has marked many firsts on the crypto market. These include being the first PoS project to use zk-SNARKs, masternodes, blockchain governance, deflationary mechanisms, and private staking. With a solid value proposition and numerous achievements under its belt, PIVX makes use of innovative technology to create a privacy-oriented paradigm within the cryptocurrency space. Blockchain Intelligence and Data Mining Famously referred to as de-anonymization through correlation, blockchain intelligence serves the purpose of tracking transactions and connecting them to their owners. By making use of smart algorithms that…

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Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased – Altcoins Bitcoin News

According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg The blockchain Verge and its native token XVG once made headlines for being added to the popular adult website Pornhub. This week, the Verge network has been 51% attacked according to multiple analysts and observers…

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Privacy coin season? DASH price gains 100% in a week as Monero, Zcash flip bullish

The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.  One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain while Zcash (ZEC) rallied by 70% during the same period. Monero breaks out of USD downtrend XMR/USD 1-week…

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Immutable Ethereum privacy protocol proposes governance system

Tornado.Cash, the Ethereum mixing service that earlier this year implemented completely immutable smart contracts, has proposed a governance system powered by its own TORN tokens. According to a Dec. 18 post, the proposal will put stewardship of the protocol in the hands of its community of users. An initial distribution of 10 million TORN will be split between early users and developers, a DAO treasury and anonymity miners over the course of the next five years. Anonymity miners increase the efficiency of the service, and act by providing liquidity in…

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Snowden Puzzled by Bitcoin’s Lack of Scaling and Privacy, Says Devs ‘Had Years to Do It’

Just recently, the film producer and well known Youtuber, Naomi Brockwell, sat down with Edward Snowden and the two discussed a number of subjects including privacy and bitcoin. When Snowden talked about bitcoin, he delved into the protocol’s lack of progressive scaling and privacy. The famous whistleblower said that the biggest question he has is why are developers taking so long to resolve the issues cryptocurrencies have today. The whistleblower and former NSA and CIA contractor, Edward Snowden is well known for his stance toward privacy and freedoms. Snowden recently…

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Wasabi Wallet 2.0 Announced For Bitcoin Privacy – Bitcoin Magazine

Wasabi Wallet, a privacy-focused Bitcoin wallet, today announced Wasabi Wallet 2.0. It expects the product to release sometime in the next three to 14 months. Wasabi Wallet is a free and open-source desktop wallet that leverages CoinJoin mixing to obscure transaction history by combining multiple bitcoin payments from multiple parties into single transactions, so that outside parties have a harder time tracing the individual transaction histories of each. It also has a Tor integration as an additional privacy measure. According to the announcement, posted by lead developer nopara73, Wasabi Wallet…

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How Bitcoin Mixers Help Protect Privacy – Bitcoin Magazine

This is a promoted article provided by bitcoinmix.org. Bitcoin mixers are services that mix BTC from different sources to obscure their transaction history. Using these services, Bitcoiners can protect their privacy and keep prying eyes from assessing the history of their funds or other information about them. Bitcoin addresses are pseudonymous, and don’t inherently reveal the specific real-world identity of their owners, but they can be traced back to exchanges or other points at which an owner may have revealed their real-world identity. Blockchain analysis techniques are capable of deriving…

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Litecoin relaunches MimbleWimble testnet as Europol targets privacy protocols

Litecoin (LTC) has relaunched its MimbleWimble testnet — a protocol designed to enhance privacy and obfuscate the traceability of distributed ledger transactions. MimbleWimble is a modified implementation of the proof-of-work algorithm underpinning Bitcoin (BTC) in which blocks appear as a single large transaction, preventing the individual inputs and outputs relating to the transactions from being identified. David Burkett, the lead developer of the MimbleWimble protocol for Litecoin, will now focus making it easier for “non-technical Litecoin users” to begin testing to functionality, in addition to ironing out aspects of the…

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