Get started

Privacy

Private Cryptocurrencies Challenge Bitcoin Fungibilitydiarweekly.com Private Cryptocurrencies Challenge Bitcoin Fungibility Bitcoin and most cryptocurrencies are pseudo-anonymous – all transactions are publicaly available online including the addresses and amount being sent. As a result, the coins can sometimes be traced back to a person through blockchain analysis. Privacy cryptocurrencies the likes of Monero and Zcash are attempting to solve the problem by masking all the information about the transactions to provide full anonymity. The movements of the privacy cryptocurrencies are near impossible to track, giving governments another technical obstacle to overcome. When Bitcoin was introduced in 2009, it launched from a premise of shifting the power from governments, central banks and corporations to individual people. As with other decentralized cryptocurrencies, the ownership is guaranteed with the possession of private keys, which makes it impossible to be seized or manipulated by a central authority. However, most of the cryptocurrencies including Bitcoin are pseudo-anonymous. Even though the transactions are not tied directly to an identity, every transaction is recorded publicly on the blockchain, which includes the sender’s address, the receiver’s address and the amount. By analyzing the blockchain, the coins can sometimes be traced back to the identity of users by looking at the patterns of transaction history. The issue of financial privacy is not only a matter for criminals but rather for anyone who wants the ecosystem of cryptocurrencies to remain decentralized. Blockchain forensics companies such as Elliptic and Chainalysis are already providing actionable intelligence to law enforcement and other entities to help them identify illicit activities and assist with Anti-Money Laundering (AML) compliance. These companies obtain Know-Your-Client (KYC) information that is required to be provided for all the cryptocurrency exchanges and thus have access to identifiable information. The current solution to enhance Bitcoin’s fungibility is to use a tumbling software such as the open source JoinMarket, which automatically mixes coins of different people to obfuscate the trail back to the fund's original source. Most of the wallets generate a new address each time a transaction is received to obscure the identity which helps, but is far from perfect. Bitcoin’s inability to provide a fully private and fungible solution has ignited the creation of other cryptocurrencies that focus mainly on privacy features. Monero, which launched in 2014 after forking from Bytecoin, is often considered the most prominent privacy-based cryptocurrency. Monero uses stealth addresses, which means that after every transaction is made, a random single-use address is generated, and the transactions are routed through that address. Stealth addresses therefore mask a receiver, which in turn assures that there is no linkability on Monero. However, in order to be truly private, Monero also solves the issue of traceability by utilizing ring signatures. The untraceability means that the original sender of the transaction is not able to trace when or where the recipient of the transaction moves the coins. Ring signatures essentially mix the real transaction with a few other already existing transactions on the blockchain, which guarantees plausible deniability. In January 2017, Monero implemented an improved version of ring signatures called RingCT, which also obscures the amount being transacted. RingCT became mandatory for every transaction after September 2017.
by Emperor_Penguin
1
Verge over sold - new 5 wave starting? target 3200 satsRight now, everything is on sale as the cyrpto market corrects. For now, Verge has found support at the .382 level (800 sats) and if this is the end of the correction (possible) then we should begin a new 5 wave impulse that reaches 3200 sats or 1.618% of the previous high of 2000 sats. However, if Bitcoin corrects further, down to say $8000 (or I'm even seeing calls of $6k in chat now) then verge could drop lower to the next support. Heck of a buying opportunity today.
XLong
by jdharward
6
ZClassic - the private bitcoin. Get in before the crowds. Zclassic first caught my attention when the mentioned they would be forking zcl to become BTCP - Bitcoin Private. Although this was announced some time ago, because of the relative obscurity of the coin, people have been slow to buy in. After the fork, your ZCL will become BTCP. This will be huge for several reasons. First, everyone who has a btc will receive a free BTCP. However, everyone who has a ZClassic coin will also receive a BTCP. When bitcoin gold is valued at $200, that makes this coin a no brainer. If this is to follow elliot wave, we are in a current rally. Watch for some strong support. If we see it, expect a sharp upward spike. They'll be a small constellation, then the moon shot of hodlers wait to get their extra coin. This is a coin where those with their ears to the ground will triumph.
ZLong
by EricDraht
ZCASH Privacy Coin..400% Gains. Has it bottomed out ?ZCASH is another privacy coin just like XVG which blew up 1000% in the space of 2 weeks. Could ZCASH be next.??. JohnMcAfee has already mentioned it in a tweet as one of the coins that will be worth a lot in the future. John McAfee TWEET: twitter.com Looking at the chart it need's to form a higher low on the daily to support this idea. Im looking at it forming a higher low around the 0.02318 price range before continuing its uptrend.. My profits targets for this coin are on Fibonacci retracement levels. A B C and D on the chart Stoploss .0151 approx. this is the last swing low. If we hit this we are confident that the trend has not changed and were looking for more downward action.. Happy trading :)
Long
by gillman_hugh
PIVX/BTC: New 300k Bull Run Support 7/77/343Overview: Using the setup and analysis (detailed below) we are projecting a continued bullrun with support towards 300k sats, with a new trading channel between 130k sats and 170k sats (the .618 and .382 Fib). The 7hr average is currently on an explosive upwards trend as it has punched past the downwards (orange line) BTC compression and the 77/343 averages, with increased trading volumes assiting the rise. CURRENT SETUP & EXPLINATION OF SIMPLIFIED CHART I use a 7/77/343 hour of trends (7-white, 77- purple, 343 - white cloud). Snapshots for Setup: 1) 7/77/343 Intersections First intersection: 4/22/2017 172k sats -0.25% Second intersection: 7/28/2017 75k sats -0.25% Third intersection: 10/8/2017 75k sats -0.25% 2) Line Setups - Upwards Trends (green lines): Using the intersections from above, plotting the first upwards trendline (from 1st intersection to the peak ATH), duplicating these lines through the other two intersections - Downwards BTC compression (Orange line). From the top of the ATH down through last crossing of 7/343/7. 3) FIB setup and support - From first junction to ATH, we see that PIVX rose to around 170ks (1), then corrected to .786, before fnally settling into a trading channel between .618 and .382 (green lines). Support for this period was consistent at the .236 (blue bottom line). We drew a blue dotted horizontal line to demark the prior ATH, and a red dotted line at the top (1.618) line. This is (interestingly) come into play in a few more snapshots :) 4) Intersection Trendlines (Purple) - Using the prior ATH and tracing a downwards line from this peak through the next intesection of 7/77/343 (Purple line, and then duplicating this line placing the same slope through the NEXT 7/77/343 intersection, we can (interestingly) see this intersects...almost exactly at the 1.618 fib line from above and the upwards green trend line from the nexus seperation. Highlighted with circle. Also notice the second upwards green line intersects this upwards purple line and prior ATH. This indicates a potential level of resistance, but if passed, will indicate a level of future support. 5) New ATH and trading channel - Fib from current position to the top (prior 1.618 line), we see a new ATH around 275-300k sats, with a new .618 line close to the prior ATH of 170k sats, a new trading channel between the .618 and .382 at 170k sats and 130k sats, and a new baseline .236 support around 90k-100k sats
Long
by SnappySnap
4
Bytecoin - Privacy is importantThe next step in crypto world will be the privacy and anonymity. There are few coins one of them is bytecoin which has unique future of privacy, decentralized and mineable. Decentralization and Privacy is the next step of crypto world. The chart is showing a easy target of $ 0.01 in near term with "BTC" keeping up thrust movement. Before someone knock at your door, better to use one of the following coin. - XVG - XMR - BCN - ZEC A clear way to your private future. The first private untraceable cryptocurrency. bytecoin.org
HITBTC:BCNUSD
by fk91
6
PIVX/BTC short-mid term analysis | Compression Release PendingOverview: Using the setup (detailed below) we see an emerging compression triangle over the next 1-14 days. The 7hr average is currently being compressed by a downwards BTC trend (orange line) and an upwards baseline support (green line). I expect trades to oscillate between this triangle for the next week before a major breakout emerges should PIVX 7 push past the 77hr and 231hr averaages. Currently, charts are showing downward trends for both 77 and 231. Should 7hr averages remain stable (or increase), expect a passing threshold around Dec 9th-10th. Upwards of 150k spike, with new floor around 70-75k Sats. Using a new zero floor at this junction (around 40k Sats), we see some interesting patterns emerging. Extending Fibs (setting 1 at the previous high), we see the 786 intersect the upper Trend support (yellow line passing from nexus through the second junction of 7,77,231) around 150k sats. We also observe a potential new baseline support around the 236 (70k sats), which interestingly passes almost perfectly through the previous two intersections of 7,77,231). CURRENT SETUP I use a 7/77/231 hour of trends (7-white, 77- purple, 231 - white cloud). Charting baseline support (~34k Sats) Nexus Separation (7,77,231): 2/8/2017 1500 sats First 7,77,231 intersection: 4/22/2017 127k sats Second 7,77,231 intersection: 7/28/2017 75k sats Third 7,77,231 intersection: 10/8/2017 75k sats EST 4th 7,77,231 Intersection: 12/9/2017 40k sats Downward BTC trend extends from Peak Price, and same trend placed through first 7,77,231 intersection. Notice the Path of 7 through this channel. Upward Support extends from nexus to current 7 / baseline support intersection.
Long
by SnappySnap
9
XZC with strong momentum following Znode announcement!Following my post ~2 weeks ago mentioning consolidation ahead of Znodes which came a day or two before Znodes we are much, much higher! To host a Znode people need to accumulate a minimum of 1,000 Zcoins and they'll be awarded with a masternode that they can run and generate solid returns in 2018 and on! Now for the charts.. Given the massive rally don't be surprised if you see some sideways movement / accumulation or a slight pullback as some people take profits. A major research provider sent out a note telling people to take some profits on their XZC and even with that we've been able to hold the ~400k SATs level so far which has served as a level of resistance / support in the past. Below that we have ~375k and then ~320k below that as levels of support. Znodes are expected to go live in the next 1 - 3 weeks which can serve as the next catalyst if they go live and people are staking and earning XZC without any unexpected surprises or delays. This is one to keep a close eye on and I see any dips here as potential buying opportunities for a longer-term hold as the team continues to do great work expanding their presence / acceptance and developing an incredible privacy focused coin / technology. This is a phenomenal team focused on carving out their niche in private transactions in emerging markets. Let's give them our support! Happy trading! Abe
XLong
by CryptoMW
XZC 10/5/2017 | Key LevelsXZC has been trading in a range for a few months bouncing down from anywhere in the 320k to 400k SATs range down to 200k - 180k SATs where it usually rallies very strongly with huge orders coming in. This most recently rally saw by far the most volume XZC has seen since launch as major buyers layered in positions ahead of tech upgrades, the introduction of znodes (company is currently working on), and the potential introduction of new exchanges. The recent sell off was kicked off by an issue in the code which the team quickly fixed. I picked up a position near the recent bottom took some profits in the 300s but would be looking to add to my position from 230k SATs down. If we rallied higher I'd take some profits in the 350k-400k range and let the rest run.
XLong
by CryptoMW
PIVX: 60% GainPivx had a good run up yesterday. However, it still have no made new high to put itself in a bullish run. It is still inside a channel at the moment. If we look closely, we can see a potential gartley formation forming in the near future within this channel. Based on my previous post of Pivx, we were close to getting a 50% winner. Sadly we did not as it was only a few percent from our buy entry. Unless Pivx, breaks out of this channel, we will maintain this setup as our approach to enter. What are your thoughts? Trade with care.
Long
by AbdorhmanThi
XVG Super Cheap Privacy Coin Ready for launchIn case you didn't know all the attempts to regulate and tax crypto has lead to a massively increased interest in privacy coins that can't be traced. Among these are Dash Monero Zcash and PIVX. Not so well known but with a strong dev team and high volume on Bittrex (currently in 11th place) is Verge. currently at 120 sats up from 80 sats a few days ago. It seems ready to get its boost from the privacy community financial pool. Bitcoin is predicted to hit 5k soon but it's going to retrace significantly when it hits about 4950 and all the day traders dump. When that happens we should see a pretty big bump to all alts as money poors back into them and Privacy coins will likely be a first target especially for moving all that new profit around tax free. I suspect Verge could break 1k satoshi's over the next few weeks.
Long
by AMDaley
10