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Thursday, October 5, 2023
What Are Privacy Coins?
#CybSec
Bitcoin was introduced as an alternative monetary system to government-controlled national currencies.
Unfortunately, due to its pseudonymous nature, some crypto advocates believe it lacks the necessary privacy features to protect its users sufficiently, especially in authoritarian states that either prohibit or suppress the use of cryptocurrencies.
In fact, Bitcoin offers less privacy than fiat currencies in some aspects since it is a public blockchain, which means anyone who has enough resources to do chain analysis could potentially uncover the real identity behind a public address.
Somewhat controversial privacy coins like Monero and Dash rose to prominence to address this issue by giving users the ability to send and receive value anonymously. Many more privacy coins have since sprouted in their path.
Today, we have so many privacy-focused coins in the crypto market that it’s becoming hard to choose which ones would suit our needs. It must be said that privacy coins are increasingly in the crosshairs of global anti-money laundering (AML) regulators due to their ability to facilitate money laundering (ML) and terrorism funding (TF) and have been delisted by many exchanges as a result.
This article will review the top privacy coins and talk about their distinguishing features.
What Are Privacy Coins?
Privacy coins are a class of cryptocurrencies that power private and anonymous blockchain transactions by obscuring their origin and destination. Some techniques used include hiding a user’s real wallet balance and address, and mixing multiple transactions with each other to elude chain analysis.
In the spirit of transparency, Bitcoin and other non-privacy blockchains allow anyone to view public addresses and transactions in their network, which makes it relatively simple to track someone's deposits and withdrawals.
However, privacy coins handle two different aspects; anonymity and untraceability. Anonymity hides the identity behind a transaction, while untraceability makes it virtually impossible for third-parties to follow the trail of transactions using services such as blockchain analysis.
Strategies Used By Privacy Coins.
To effectively preserve anonymity and untraceability, privacy coins employ a variety of different strategies, the most popular of which include stealth addresses, ring signatures, CoinJoin and zk-SNARKs.
Stealth addresses require a sender to generate a new address for every transaction sent to avoid being linked to a receiver. Monero (XMR), one of the top privacy coins, uses a version of stealth address called the dual-key stealth address protocol (DKSAP).
CoinJoin is known as a coin mixer that merges transactions from various individuals into a single transaction and then disburses them to their respective users using new addresses.
Zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) allow cryptocurrency holders to prove a transaction's validity without divulging critical identifying information such as the parties involved and the account balances.
Are Private Coins Legal?
Yes, and no. The legality of privacy coins depends on individual jurisdictions. For example, in South Korea, the government prohibits trading privacy coins on the country's crypto exchanges to curb money laundering.
However, jurisdictions that haven't banned private coins haven't endorsed them either, which means their operation leverages a grey area in a country's laws.
For instance, the United States government has taken a different route, seeking to develop tools to remove the cloak on transactions conducted on private networks.
Private transactions do not necessarily promote malicious activities such as money laundering and terrorism financing. Some users simply value their financial privacy and are exercising their fundamental rights, yet the number of government agencies clamping down on untraceable digital currencies is steadily rising. Interestingly, many well-known individuals like Naval Ravikant, Elon Musk and Edward Snowden continue to advocate for privacy-focused apps.
It is important to watch what actions and guidance global regulators like the Financial Action Task Force (FATF) bring to privacy coins. While privacy coins are not banned as yet, they are making things difficult for both countries and exchanges that are subject to information-sharing requirements due to regulations like the FATF Travel Rule.
Why Are Private Coins Delisted On Some Exchanges?
The delisting of privacy coins is tied to a country’s views or AML/CFT obligations and how it regulates private transactions in response. While privacy-focused cryptocurrency transactions can elude regulators, financial watchdogs have dominion over centralized exchanges.
When a regulator bans a particular cryptocurrency within its borders, an exchange needs to halt trading as soon as possible or risk being shut down. In such cases, some crypto marketplaces may choose to halt trading, while others would completely pull off the coin from their platform.
Privacy coins are facing increased scrutiny from regulators in the last couple of months, which have compelled some exchanges to delist them to avoid regulatory complications.
In light of this event, top privacy coins like Dash (DASH), Monero (XMR) and Zcash (ZEC) have been delisted by multiple leading trading platforms including Bittrex, CoinCheck, Coinbase UK and ShapeShift (while conversely, Gemini actually added Zcash in September 2020).
The reason behind the delistings was the FATF Standards’ Recommendation 16 Travel Rule requirement, which places tremendous pressure on country regulators to ensure their exchanges, or virtual asset service providers (VASPs), share user-identifying information with each other when transmitting funds. A regulator forces compliance by requiring their VASPs to meet this obligation when applying for an operating license or registration.
Despite all these measures, some reports indicate that still prefers Bitcoin, despite its lack of privacy features.
Wednesday, October 4, 2023
BitcoinSpark
BitcoinSpark One of the most promising and successful projects to date! I advise everyone to join and observe the development! I am very glad to this event. @BitcoinSparkOrg $BTCS #BitcoinSpark #Elonmusk #Mining #Gems
돈 벌기 좋은 거래소........htx거래소, 수수료 50% 최대 평생 할인+ 최대 5672 USDT 증정금........Money-making exchanges....htx exchanges, 50% discount on commissions up to lifetime + up to 5672 USDT gift.
htx거래소는 2013년 9월 설립된 거래소 입니다..
현재 싱가포르,미국,한국,일본,홍콩 등 전 세계 130여 개국 이상 지역에서 각 나라 규제 당국의 정식 허가를 받아서비스 중입니다.
현재 4500만 명 이상 가입자를 확보하고 있으며, 700여 개 이상의 가상 자산을 서비스합니다.
주간 이용자 수는 560만 명 이상 수준인 세계적인 인지도를 갖춘 메이저 대형 거래소입니다.
선물 거래량 전 세계 5~ 10위 권 내를 꾸준히 오르내리며 많은 거래량을 자랑합니다.
VASP 트래블룰 통과 거래소 이며, 국내 거래소 입출금이 가능합니다.
htx거래소 공식 파트너 거래 수수료 50% 최대치 평생 할인 가입 링크: https://www.huobi.com/en-us/v/register/double-invite/web/?invite_code=4xa23&inviter_id=11346540
📷
HTX | Buy Bitcoin/Ethereum | Secure cryptocurrency trading platform
공식 파트너 거래 수수료 50% 최대치 평생 할인 초대코드: 4xa23
📷
현물 기본 거래 수수료
지정가/시장가 동일하게 0.0200%입니다.
HT코인 을 구매 보유시 수수료 최대 0.0126% 적용 할인도 됩니다.
선물 거래 수수료
지정가 0.0200%에서 아래 파트너 링크 가입 후 50% 할인 적용시 = 0.01% 평생 적용 받습니다.
시장가 0.0500% 에서 아래 파트너 링크 가입 후 50% 할인 적용시 = 0.0350% 평생 적용 받습니다.
여타 거래소보다 굉장히 수수료가 저렴합니다.
htx거래소 보상 허브 (Rewards Hub)
신규 가입자들을 위한 최대 5672 USDT를 증정하는 보상 미션 이벤트와 각종 이벤트들이 상시 진행중이오니 확인 참여하여 보상도 꼭 챙겨 받아가도록 하세요!
📷
https://www.huobi.com/en-us/v/register/double-invite/web/?invite_code=4xa23&inviter_id=11346540
📷
HTX | Buy Bitcoin/Ethereum | Secure cryptocurrency trading platform
htx 거래소에서 좋은 코인 저렴하게 구매해서 많은 수익 나시길 바랍니다.
The HTx Exchange was established in September 2013..
Currently, more than 130 countries around the world, including Singapore, the United States, Korea, Japan, and Hong Kong, are receiving official permission from regulatory authorities in each country.
It now has more than 45 million subscribers and serves more than 700 virtual assets.
It is a major exchange with a global recognition of more than 5.6 million weekly users.
Futures Trading Volume Continues to move up and down the top five to 10 globally, boasting a lot of trading volume.
It is a VASP Travel Rule passage exchange, and you can deposit and withdraw money from the domestic exchange.
Htx Exchange Official Partner Transaction Fee 50% Maximum Lifetime Discount Subscribe Link: https://www.huobi.com/en-us/v/register/double-invite/web/ ?invite_code=4xa23&inviter_id=11346540
HTX | Buy Bitcoin/Ethereum | Secure cryptocurrency trading platform
HTX serves its 10 million+ users worldwide with secure and stable trading services. Here at Huobi, you can buy Bitcoin, Ethereum, Dogecoin, SHIB, and over 500 quality cryptocurrencies anywhere, anytime.
Official Partner Transaction Fee Max 50% Lifetime discount invitation code: 4xa23
Basic in-kind transaction fees
The same price/market is 0.0200%.
If you purchase and hold HT coins, you will receive a discount of up to 0.0126% of the commission.
forward transaction fee
If you sign up for the partner link below at 0.0200% and apply 50% off, you will receive = 0.01% lifetime application.
If you sign up for the partner link below at 0.0500% market price and apply 50% discount, you will receive = 0.0350% lifetime application.
Fees are much lower than other exchanges.
htx Exchange Reward Hub
There are always reward mission events and various events that give up to 5672 USDT for new subscribers, so make sure to participate and get rewards!
https://www.huobi.com/en-us/v/register/double-invite/web/?invite_code=4xa23&inviter_id=11346540
HTX | Buy Bitcoin/Ethereum | Secure cryptocurrency trading platform
HTX serves its 10 million+ users worldwide with secure and stable trading services. Here at Huobi, you can buy Bitcoin, Ethereum, Dogecoin, SHIB, and over 500 quality cryptocurrencies anywhere, anytime.
I hope you make a lot of profits by purchasing good coins at a low price on the HTx exchange.
Tuesday, October 3, 2023
How to get 50% Discount on TFT 100k Royal
Welcome to The Hunt App
The Hunt App is a loyalty app designed for TFT users. We created this app to reward users for their dedication to the TFT community. There are countless ways to earn coins, rewards, and coupons from TFT in The Hunt App.
Getting Started
If you're ready to start earning coins and unlock rewards, head over to the Bounty App.
Earning Gold Coins
Users can earn gold coins by completing actions and chatting on the TFT Discord. Some of the most common tasks are engaging in social media, tapping to spin games, and inviting friends to the community.
You'll receive a certain amount of gold coins for each completed task. The activities you can partake in and the amount of coins you'll receive for each vary on a daily basis, so be sure to check back often.
Unlocking Rewards
Once you've earned enough coins, you can use them to unlock rewards and coupons from TFT each month. The coins you have will be tracked on a leaderboard, and based on your rank you'll unlock exclusive rewards. These rewards can range from challenges to free spins, and more.
All rewards except Jackpot cash rewards are automated and can be redeemed through the app or integrated into the coupon system. There is no need for manual effort to receive rewards.
Price Prediction Feature
The Price Prediction Feature is a contest within the Hunt app that allows users to predict the daily bitcoin price for additional gold coins. Users who finish in the top 100 will earn triple gold coins. You can earn more referrals and points if you share your prediction on social media through a one-click function in the app.
Hunt App FAQs
Coupon Usage
The TFT Hunt app rewards users with coupon codes based on monthly contest results or Jackpot rewards. As a user, once you earn a coupon, you will be able to see it in the Hunt app wallet.
There are two ways to be rewarded a coupon through the application which is by jackpot or the monthly contest:
- All Jackpot coupons are valid in the WordPress Checkout Page:
Checkout URL’s will be included in the email you receive with the coupon.
- All Monthly Contest coupon are to be are valid directly inside of the Trade Hub:
At the end of each month, the contest winners will be sent their coupons by the 2nd day of the new month. If you are not registered in the trade hub by the 2nd of the month you will not your coupon. You will have from 2nd - 14th to register in the trade hub. Then on the 15th if you registered in the trade hub you will receive your contest coupon. If you do not register by the 14th you will no longer be eligible for the previous months coupon.
Trouble Logging into Account
In the event that you are having issues logging into your account - it is likely that you may be locked out of your preferred login method.
An immediate workaround will be to try logging in with your Twitter Account (if you completed a Twitter action before) or with your activated web3 wallet.
Submission Review Process & Pending Points
Due to the thousands of submissions received on a daily basis, please allow 3 business days for your submissions to be reviewed, approved, and points/coins credited. Submissions are not reviewed on the weekends.
In the event that your submission has been rejected, there may be several reasons such as:
- Incorrect information
- Submission not relevant to the action requested
- Low-quality submission
- Fake information provided
To avoid delays, please be sure you are uploading accurate information, and that the submissions are of high quality and legible.
Restrictions
To maintain fairness and integrity for all our users, we strictly prohibit the use of bots, fake users, and fake submissions. Any user found engaging in these activities will be immediately banned from our platform, and all rewards earned will be forfeited.
We take these violations very seriously, as they can undermine the trust and credibility of our platform. We believe that a fair and transparent system is essential for the success of our community, and we encourage all users to report any suspicious activity they may encounter
BTC Price Prediction Help
If you encounter an error while trying to submit your price prediction, it could be due to a few different reasons. For example, if you are using a VPN while being in the US, some services may not work properly. Alternatively, there might be an issue with the price feed, causing it to load incorrectly on your end. To help us resolve the issue, please click on this link and share a screenshot with us: https://www.binance.com/api/v3/ticker/price?symbol=BTCUSDT
Another reason for this error could be that you're trying to place a prediction that falls outside of the allowed range. Our system only allows predictions within 10% above or below the current price of Bitcoin. While some users may attempt to place predictions outside of this range to increase their chances of winning, it's not possible to do so. If you're encountering this issue, we suggest making a prediction within the allowed range to ensure it's accepted by our system.
If you have any other questions or concerns, feel free to reach out to the support team.
A potential quick fix for any of the issues stated above, please disconnect from the hunt app, then be sure to clear your cache and cookies before attempting to sign in
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