Have you been looking for an online gaming platform you can trust with your digital assets and that won’t bother you with cumbersome identification procedures Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move. Source link According to Europol, privacy-enhancing wallet services and cryptocurrencies are the ‘top threats’ in the cybercrime space. Also, the European law enforcement agency noted that Monero is becoming very popular as a transaction tool on the Darkweb. If you’ve recently taken an interest in cryptocurrency, you might not be familiar with Dash yet. Much less well-known than crypto stars like Bitcoin or Ethereum, Dash is nevertheless among the top 30 cryptos in terms of capitalization. But what exactly is Dash? Created in 2012 by Evan Duffield and brought to the fore from … Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies.
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Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET
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Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move.
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Monero (XMR) Becoming the Most Popular Cryptocurrency on Darkweb: Europol
Europol has named privacy integrated cryptocurrency mixing services as one of the most gnawing cybercrime threats of our times in the 2020 edition of its IOCTA report. Also, Monero is in the process of becoming the de-facto crypto coin for Darkweb transactions. Zcash and Dash are the next popular alternatives, the agency noted.
Europol is out with it’s 2020 Internet Organized Crime Threat Assessment report. In it, the law-enforcement agency has named privacy-focused coin mixing services like Wasabi and Samourai wallets as one of the ‘top threats.’ This is in addition to ‘centralized coin mixers,’ which are already quite popular.
Europol also pointed out other features that are concerning according to the agency.
Samurai, for example, offers remote wipe SMS commands when under distress. These wallets do not necessarily remove the link between the origin and destination of the funds but certainly make cryptocurrency tracing much more challenging.
The report has called out ‘administrators of underground markets’ who use or are trying to integrate these wallet services. Apart from this, Europol has also found that online perpetrators use hardware cryptocurrency wallets significantly.
This is because cold wallets securely store seed phrases and ‘private keys for a wide range of cryptocurrencies.’
In its detailed observation of a plethora of cybercrime activities around the world, Europol brought attention to the use of privacy coins in Darkweb interactions. The agency commented that, initially, it was bitcoin that the shady underground online markets were dependant on. But over the years, the focus has shifted to cryptocurrencies like Litecoin, Ethereum, Monero, Zcash, and Dash.
While Bitcoin still remains the most popular payment method (mainly due to its wide adoption, reputation and ease of use), the use of privacy-enhanced cryptocurrencies has somewhat increased albeit not at the rate expected by their proponents.
However, Europol observed a significant development. Amongst all privacy-centric cryptocurrency assets, Monero is gradually gaining the upper hand when it comes to Darkweb transactions. It is followed in the order of preference by Zcash and Dash.
In the report, Europol commented that dealing with these private digital currencies is difficult.
All these privacy coins may present a considerable obstacle to law enforcement investigations, despite the competing altcoin communities uncritically favouring their implementation over the others.
Monero specifically has been on the radar of other agencies as well. Last week, blockchain analysis company Chainalysis won a $625,000 contract from the Internal Revenue Service (IRS) to track XMR transactions.
The release of this report hasn’t affected the price of Monero at all, as the privacy coin rallied 19 percent in the last 7 days, and is up 5 percent in the last 24 hours.
Also, Litecoin developers launched the MimbleWimble testnet to fulfill their objective of developing a scalable but private blockchain.
LTC is also green, and other privacy coins such as Zcash 15 percent in the last seven days. However, that may be due to Gemini supporting ‘shielded ZEC withdrawals.’
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Invest in Dash? Dash Cryptocurrency Complete Review – Cryptocurrencies
If you’ve recently taken an interest in cryptocurrency, you might not be familiar with Dash yet. Much less well-known than crypto stars like Bitcoin or Ethereum, Dash is nevertheless among the top 30 cryptos in terms of capitalization. But what exactly is Dash? Created in 2012 by Evan Duffield and brought to the fore from 2014, the Dash comes directly from the source code of Bitcoin. Originally called “Darkcoin”, this crypto is now known as Dash. A contraction of the English words “Digital” and “Cash”, this proves the desire of Dash to become a means of payment as simple and fast as cash. Learn about the benefits and risks of investing in Dash.
Dash is a cryptocurrency created in 2012 and launched in 2014 by Evan duffield. Coming from the Bitcoin project, it shares its ambition which is to become a means of payment, but while trying to surpass it.
Dash’s main goal is to become a simple, secure and fast electronic money. Since this is the primary goal of a very large number of cryptocurrencies, the first of which is in the CoinMarketCap (Bitcoin), it is interesting to see how the Dash project works.
First of all, you should know that the Dash project processes transactions faster than Bitcoin in its blockchain. Where the world’s first cryptocurrency takes 10 minutes to confirm a transaction, Dash only takes 4.
The Dash also stands out from the point of view of network security. The Dash network operates on the basis of masternodes. What is that ? Masternodes are “Master nodes”, that is, full nodes that maintain a full copy of the blockchain in real time. These masternodes have responsabilities particulars within the Dash network such as validate transactions or make decisions.
Given the responsibilities of masternodes, this role is protected. Thus, to be considered as such and therefore have the trust of the network, the masternode must prove that it has 1000 dash. This high prerequisite allows you to avoid dealing with a malicious person. These masternodes make it possible to guarantee the decentralization of the network. Thus, it is estimated that the network currently has about 5,000 masternodes in more than 25 countries different. In addition, this network structure allows for better governance. Thus, Dash avoids conflicting situations such as those encountered in the Bitcoin community, which hamper its development and have already led to hard forks (creation of a new blockchain).
Thanks to these masternodes, the network structure is more financially autonomous. The network thus relies on both Proof of Work classic (“Proof of work” as we know it in Bitcoin) and the Proof of Stake (“Proof of Stake”). To know the difference between these two protocols, click here. Its funding is therefore diversified. The financing of the Dash network is therefore carried out as follows:
- 45% for minors;
- 45% for masternodes;
- 10% for the financing of the network (operating expenses, development, etc.).
The development of the Dash network can therefore be based on a funding directly generated by the community. Therefore, this means that the intervention of a third-party institution can be dispensed with.
The best thing about Dash is that it comes from source code of the world’s best cryptocurrency, Bitcoin. It is therefore an undeniable pledge of confidence. But that’s not all ! The Dash network has worked on its technology in order to overcome certain limitations encountered by Bitcoin.
Thanks to masternodes, the Dash network is more attractive to users as it allows generate passive income. At the time of writing, masternodes were paid 6.7% Dash in Dash. Of course, access to masternodes requires large starting bet. However, companies like Feel Mining allow you to pool this investment. You will then receive passive income in proportion to your stake.
Then, thanks to the masternode system in its system, Dash allows its users to take advantage of several features at the transaction level.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
For example, with its function InstantSend which is checked by a masternode, the Dash can generate transactions instantly. Since Dash’s ambition is to become as easy and quick to use as cash, this technological advantage is considerable. In addition, it addresses Bitcoin’s problem on the issue of scalability when it is known that Bitcoin allows 7 transactions per second and a block commit (limited to 1MB) every 10 minutes. Moreover, the Dash transaction fees are virtually zero, which is a major advantage when you consider the fees charged by PayPal or traditional banks. For comparison, a Bitcoin transaction amounts to $ 6, while Dash is only asking for half a dollar.
Again thanks to masternodes, the PrivateSend function allows Internet users to conduct transactions completely anonymous. The operation is simple: several transactions are encrypted and mixed in the network, so that they cannot be traced. Each cycle being processed by a different masternode, this makes the transaction untraceable. In a context where many crypto users seek anonymity, Dash scores big here.
The main risk of Dash is its lack of notoriety. Eclipsed by Bitcoin, the Dash still remains not very well-known of the general public. Thus, at the time of writing this article, platforms offering Dash are still relatively rare. Worse, the amalgamation with Bitcoin in the minds of investors could be fatal. It is therefore part of the club of “small” cryptocurrencies that will have to stand out in the future to survive. For this, Dash will have to continue to progress technologically in order to maintain the lead it has created on some parameters and catch up on others.
Faced with the energy-intensive side of cryptocurrencies, the environmental issue will prevail more and more. However, in this area, Dash and its Proof of Work still remain very demanding in energy. Additionally, Dash is exposed to the risk of anti-crypto regulations emerging. If this risk is present for all cryptocurrencies, the emergence of regulation would mark a major blow to the development of small-cap cryptos of which Dash is one.
Unlike many other cryptos, Dash primarily focuses its marketing on its business.inability to replace money with cash. In developing countries with an emerging or faltering economy, the Dash does appear to be a real interesting alternative. This is the case, for example, with Venezuela which is investing more and more in this currency to face the economic crisis. However, this argument does not necessarily apply in European countries, for example. In addition, in this function, the Dash is in direct competition with other constantly developing cryptos such as Bitcoin, the Litecoin, or the Bitcoin Cash.
Finally, the Dash may eventually suffer from a too many blocked tokens. It is true that Dash is among the top 30 cryptocurrencies from the point of view of their capitalization. However, this capitalization is not entirely money flowing, but rather, in part, money that the system needs to function. Indeed, with the 1000 Dash entry ticket for masternodes, more than 5 million tokens are currently blocked. This would represent about 50% of the total tokens.
Dash is a cryptocurrency derived from Bitcoin technology. Its basic structure is therefore very robust. In addition, following the feedback accumulated on Bitcoin, the Dash network has worked to correct certain limits of Bitcoin, such as:
- Its high transaction fees;
- The resources required for mining;
- Its low confidentiality;
- Its governance system not established;
- The slowness of its transactions.
Dash’s technology is therefore very advanced and gives it certain advantages in the ultra-competitive world of crypto. If you are now determined to invest in Dash, remember to protect your corners with a Dash wallet.
It should be noted, however, that Dash remains in the dark for the moment, although new partnerships and the implementation of many distributors can help cryptocurrency to grow. It would also help stabilize the value of the cryptocurrency, which does not yet appear stable.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
By successfully breaking through these limits, Dash will emerge as a credible alternative to Bitcoin in the years to come. Currently, the course of Dash is still very low. At the time of writing this article, the price is around 70 euros. But Dash has shown in the past that its course can soar. In December 2017, it thus reached a record value of around 1,300 euros. So it could be the ideal time to invest in Dash.
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