Privacy-focused cryptocurrencies like Monero and Zcash might be poised for significant growth this November. Transaction volumes for these coins have increased on ChangeNOW, a platform that allows cryptocurrency exchanges without registration.

The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and government regulation.

TL;DR The use of privacy tokens offers a solution to improve financial confidentiality, protecting the identity of users. Monero, Zcash, and Dash are examples of assets that implement advanced technologies to ensure greater anonymity in transactions. These tokens face an increasingly hostile regulatory environment, which could limit their adoption among users who value financial freedom.

Privacy coins like Monero (XMR) and ZCash (ZEC) have faced widespread delistings in 2024, with 60 removals from exchanges, the highest since 2021, due to increasing regulatory pressure.

A study published in the Journal of Cybersecurity recommends that governments focus on cryptocurrencies, particularly privacy coins, to address money laundering.

Privacy tokens underwent nearly 60 delistings by centralized exchanges this year, a record since 2021, according to a recent Kaiko report. The report tracked Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC).

Several altcoins, including Dogwifhat, Worldcoin, and Zcash, posted gains, as Bitcoin eyes the critical resistance near $64K.

Demonizing privacy coins undermines the core principles driving many web3 natives: The freedom of essential human rights, and privacy being one of them.

Crypto exchange NoOnes bucks regulatory crackdown on privacy coins, adding Monero, Zcash to its platform.

Story Highlights The live price of the Zcash token is ZEC price could hit its potential high of $61.12 by the end of 2024. Zcash price with a potential surge could go as high as $220.46 by the end of 2030. Zcash is a decentralized and open-source cryptocurrency that offers transparency and privacy of transactions.

While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn't have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting 28.63% during the same period.

The cryptocurrency market has experienced a cooling phase as Bitcoin (BTC) consolidates gains after hitting $64,996. This market cool-off has led to notable dips in altcoins like Zcash (ZEC), Monero (XMR), and Klaytn (KLAY) as the global crypto market cap dropped 0.26% to $2.24 trillion.

ZCash's recent price jump is the return of its founder, Zooko Wilcox. In December 2023, Wilcox stepped down from his role as CEO of the Electric Coin Company, which develops ZCash.

Privacy-focused cryptocurrency Zcash topped the crypto charts recently. But that's no surprise because of these two main reasons.

Zcash (ZEC) price continued from where it stopped last week, reaching a new yearly high on Monday before its recent pullback. On the mentioned date, the privacy coin hit $45.45.

Zcash has experienced a dramatic rise, showcasing one of the most impressive bullish runs among cryptocurrencies. On July 5, the coin traded at a low of $15.78, but by August 12, it had soared to a high of $43.44.

However, one should not get carried away by excessive enthusiasm: these are remarkable performances only in the short term

ZEC, HNT and SUI produce double and triple-digit gains even as the wider crypto market continues to reel from last week's sharp correction.

Zcash looks set to give up some of its recent gains as profit-taking commences.

Zcash founder joins Shielded Labs to expedite the transition to a hybrid PoS consensus. The upgrade aims to enhance network security, reduce transaction times, and energy efficiency.

According to the founder of the Zcash protocol, the PoW blockchain could undergo an upgrade to Proof of Stake.

The support from Winklevoss comes at a time when the regulatory environment of the United States is rapidly unfolding.

As the regulatory development in the United States unfold, Gemini exchange co-founder Tyler Winklevoss announced his support for the privacy coin ZCash. The Winklevoss-twin will be supporting the independent ZCash organization Shielded Labs.

Zooko Wilcox is now the new head of product at Shielded Labs and wants to speed up the protocol's upgrade to a hybrid PoS consensus mechanism.

Zcash (ZEC), the decentralized cryptocurrency created to improve privacy in the blockchain sector, has seen its price increase by a staggering 90% in the last 30 days.

Zcash has recorded an impressive price run over the past month amid a rebound, but mixed signals from the daily and weekly charts question the asset's next price direction.

No sooner than Bitcoin reclaimed $57,000, the market participants appear to have become hopeful of the upcoming trend. Furthermore, some altcoins have retained significant profits even during the recent collapse and thus may emerge as top performers in the next bullish action.

The cryptocurrency market is brimming with optimism as traders anticipate significant surges to new all-time highs. Despite a relatively flat performance for most digital tokens over the past 24 hours, privacy coins have experienced a notable spike in trading activity.

The Zcash community has approved a proposal to allocate 20% of block rewards for a new decentralized grants system. The Zcash Foundation announced that most of the community supported the “Lockbox for Decentralized Grants Allocation,” with the proposal receiving about 63% of the community's support.

The Zcash crypto community has approved a proposal to allocate 20% of block rewards to a new decentralized grants system, aiming to enhance development initiatives across the ecosystem.

We examine the dual-edged sword of privacy in crypto, looking into how anonymity tools like mixers and privacy coins have impacted mass adoption amidst rising financial crimes. On Jan.

The EU Innovation Hub for Internal Security has released its first comprehensive report on encryption, focusing significantly on crypto-related issues. The report, a collaboration between Europol, Eurojust, and other EU agencies, delves into how cryptocurrencies are impacting law enforcement efforts.

Ethereum founder Vitalik Buterin provided insights about privacy-oriented ZCash, suggesting a different approach to development funding. He imagined a fusion where ZCash remains "Conservative on technology, insistent on privacy, experimental on economics.

Why choose privacy coins and financial anonymity? This guide cuts through the jargon to showcase how these digital assets empower you with transaction secrecy and untraceable fund movement.

PRVC aims to be the first of its kind, tracking the performance of companies from traditional finance and web3 alike in the privacy technology and cybersecurity sectors.

Digital asset management giant Grayscale has submitted a proposal for a new privacy-focused exchange-traded fund (ETF) that involves the altcoin Zcash (ZEC).

Grayscale seeks SEC approval for a new exchange-traded fund (ETF), which will track the performance of data privacy companies and protocols like Zcash. In a regulatory filing with the U.S.

Asset management firm Grayscale Investments is looking to expand its offering to include privacy-centered ETFs and as such, it is now seeking approval for a new application filed with the United States Securities and Exchange Commission (SEC). Grayscale's Privacy-Focused ETF Awaiting SEC Greenlight Amidst the growing outflows on Grayscale's Bitcoin Trust (GBTC), the firm is

According to a recent Form N-1A, Grayscale has approached the U.S. Securities and Exchange Commission (SEC) with a proposal for a unique exchange-traded fund (ETF) dedicated to the privacy and cybersecurity realm. The Grayscale Privacy ETF aims to be the first to encapsulate the burgeoning sector of privacy technology and cybersecurity.

Privacy-centric digital asset ZCash surged by roughly 15% after reports surfaced that Grayscale Investments had filed for a privacy-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Data from CryptoSlate reveals that ZEC reached a high of nearly $30 before pulling back to around $28 as of press time.

Nym Technologies said it has received a $150,000 grant from Zcash Community Grants to bring the metadata privacy protections to the Zcash ecosystem. In a blog post on Feb.

A partnership between privacy-focused projects Nym and Zcash was recently announced. The partnership aims to address some persisting issues in the sector to enhance user protection and data privacy in the Zcash ecosystem.

A strategic collaboration to enhance online privacy: Nym and Zcash

The integration allows Zcash wallet developers to implement Nym's privacy features, supported by a $150,000 community grant from Zcash.

Nym has begun integration for complete privacy protection on the Zcash ecosystem.

Zcash navigates compliance amid Binance delistings, prioritizing privacy and transparency. Market dynamics fluctuate as Zcash maintains resilience.

After barely surviving the 2022/2023 crypto bear market, it is prudent for every investor to position their portfolio properly or risk holding non-performing digital assets. As of this report, there are more than 12,500 crypto assets, excluding stablecoins.