ZCASH
Zcash is a typical anonymous cryptocurrency. With it, your privacy is highly protected without trace. Zcash uses 'zk-SNARK' protocol or alternatively the zero-knowledge proof. High privacy, on the other side, violates regulations on AML and KYC. Some cryptocurrency exchanges have delisted anonymous cryptocurrencies under pressure from regulators.
Chainalysis Adds Compliance Support to Track Privacy Coins Dash and Zcash
Chainalysis has just launched support for two of the most popular privacy coins, Dash and Zcash. Privacy coins are cryptocurrencies with privacy-enhancing features that allow users to gain total anonymity when making blockchain transactions. Privacy coins protect the identity of the users and the origins of the transactions, taking the anonymous and private nature of Bitcoin to the next level. Comparatively, Bitcoin protects some information, hence remaining pseudo-anonymous. The rest of the information, including transactions, addresses, and balances, is recorded in a public and permanently available ledger.
Zcash-Commissioned Research Find Cybercriminals Prefer Bitcoin Over Other Cryptocurrencies
Independent research commissioned by the Electric Coin Company (ECC), the parent firm of privacy-focused cryptocurrency Zcash, concluded cybercriminals are much likely to use Bitcoin over other digital assets.
The Electric Coin Company Officially Passes Zcash Trademark to Zcash Foundation
The Electric Coin Company (ECC) stated that it is officially passing the Zcash trademark registration and protection to the Zcash Foundation by signing a contract.
Zcash Bug Could Leak Full Nodes with Shielded IP Addresses
Duke Leto, a core developer at Komodo (KMD), recently published a blog on his personal website revealing that, “A bug has existed for all shielded address since the inception of Zcash and Zcash Protocol.” Leto explained, “That is, Alice giving Bob a zaddr to be paid, could actually allow Bob to discover Alice’s IP address. This is drastically against the design of Zcash Protocol.”
Crypto Exchange OKEx Delists Five Privacy Coins due to FATF Rules
Cryptocurrency exchange OKEx’s Korean arm will be delisting all five privacy altcoins including Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN), and Super Bitcoin (SBTC).