
What Are Privacy Coins? Monero, Zcash, and Dash Explained
So-called privacy coins use advanced techniques to shield details from public view, but they’ve come under increased scrutiny from regulators.

So-called privacy coins use advanced techniques to shield details from public view, but they’ve come under increased scrutiny from regulators.

Dash is a privacy focused cryptocurrency that can process transactions more quickly and cheaply than Bitcoin. It’s become popular in countries like Venezuela and Zimbabwe, where fiat currencies are experiencing extreme inflation.
Law and Order
An article in the official newspaper of China's top prosecutors' office has laid out a framework for prosecuting crypto money laundering, proposing that courts presume criminal intent when suspects use coin mixers and privacy coins, and that the state build a platform to sell off seized cryptocurrency. The piece ran in the theory section of the Procuratorate Daily, the newspaper of the Supreme People's Procuratorate, and was written by two district prosecutors in Hunan province and a university...
Markets
Zcash led a surge in privacy-focused cryptocurrencies on Wednesday, jumping 37% in the past 24 hours after crypto investment firm Multicoin Capital disclosed that it had built a "significant position" in the privacy coin. The rally follows a Tuesday tweet thread by investment firm Multicoin's Cofounder and Managing Partner Tushar Jain, calling Zcash a "return to the cypherpunk ideals crypto was founded on." 1/ Multicoin has built a significant position in $ZEC since February. Zcash is a return...
Business
A report from the world’s oldest defense and security think tank has warned against banning blockchain-based privacy tools, arguing that blanket prohibition would merely result in bad actors using noncompliant services. In a paper titled, ‘Privacy-Enhancing Technologies in the Crypto Industry,’ the London-based Royal United Services Institute (RUSI) highlighted a “need to balance compliance objectives” with the growing role of privacy-related protocols and platforms in the cryptocurrency sector....
Markets
Privacy-focused cryptocurrencies including Monero and Dash have climbed despite a broader crypto market drop that liquidated nearly $1 billion in positions. Over the past 24 hours, while Bitcoin dropped 2.3% and most altcoins are down 3% to 10%, Dash and Monero are up 1.9% and 8.3% respectively, while the privacy coin category is up 4% on the day and 13.1% on the week, according to CoinGecko data. Dash is trading at $81.61, up 119% over the past week. Monero, which hit a new all-time high last...
Markets
Privacy coins haven't moved like this in years. Monero is up 54% on the week, Dash just posted a 39% single-day gain, and the entire privacy sector is suddenly outperforming every other niche in crypto. The question now is: Can it last? The catalyst appears simple on the surface: In late September of last year, traders’ attentions suddenly turned to the privacy coin Zcash, with trades as ZEC. Privacy coins, unlike standard cryptocurrencies like Bitcoin and Ethereum, make it difficult if not impo...
Markets
Leading privacy coins have slumped, shedding recent gains as they fall in tandem with a broader crypto market downturn. ZCash is down 8.5% over the past 24 hours, while Monero has fallen 5.4% and Dash has shed 3.9%, according to CoinGecko data, while the privacy coins sector as a whole has dropped by 15.4%. The declines mark a sharp reversal for a sector that saw explosive, market-defying rallies throughout the fourth quarter. The parallel drop with major assets like Bitcoin reflects a signific...
Markets
Privacy tokens are staging a dramatic rally, posting double-digit gains even as the broader digital asset market suffers a significant downturn. On Tuesday, while Bitcoin dipped below $104,000 and total crypto liquidations again exceeded $1 billion, privacy tokens saw gains. Dash surged by 47.5% over the past 24 hours, according to crypto price aggregator CoinGecko. Other tokens in the sector, including Decred, Horizen, and Secret, joined the rally with gains of 90%, 10%, and 23% respectively. Z...
Markets
Zcash (ZEC) has climbed 48% over the past week, leading a sector-wide privacy coin rally as investors pile into privacy-focused assets amid mounting surveillance concerns. The surge pushed Zcash to a high of over $268 Friday morning, its highest level since April 2022, though it remains 93% below its 2016 all-time high of nearly $3,200. At time of publication, Zcash is trading at around $230, up 19% in the past 24 hours, per CoinGecko data. The rally has extended across the privacy coin sector,...
Markets
Privacy-focused cryptocurrency Monero surged to over $211.07 earlier today—its highest value since May 2022. At time of publication, Monero has pulled back slightly from its local high, and is currently priced at $205.05, up 17.8% on the day and 30.6% on the week, per data from CoinGecko. Monero's upward momentum comes as the wider privacy coin sector has heated up over the past week, with the category as a whole up over 12% in the past 24 hours alone, according to CoinGecko data. Leading the pa...
The Landscape
The pseudonymous nature of Bitcoin addresses enables transactions without identifying personal information, but that doesn’t make it a completely anonymous cryptocurrency. Because the entire transaction history lives in public view on a blockchain, it can be possible for investigators and firms to piece together people's identities based on the movement of coins and details held within addresses. That’s where so-called privacy coins come in. Cryptocurrencies like Monero (XMR), Zcash (ZEC), and D...
Business
Norway’s National CyberCrime Center is trying to pry open Monero and Dash—two cryptocurrencies known for their privacy-protection capabilities—amidst the search for missing person Anne-Elisabeth Hagen. Police believe that the privacy coins were used in connection with a ransom attempt and that tracing these transactions could help lead them to Hagen’s whereabouts. “I do not want to comment specifically on what we have done or are doing in the context of Dash and Monero, or what we have achieved...
Markets
Prices of the popular privacy coins went into freefall after Bittrex’s announced today that it will delist Monero, Dash and Zcash later this month. As Decrypt reported earlier today, the exchange announced that it will delist Monero (XMR), Dash (DASH), and Zcash (ZEC) on January 15, 2021, at 23:00 UTC. The sudden announcement sent the prices of these privacy coins into a downward spiral. Since the announcement by Bittrex, the price of XMR is down by 12.4%, ZEC is down 9.5% and DASH is down 8.7...
Coins
Crypto exchange Bittrex today announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC. #Bittrex Customers: The $XMR, $ZEC, and $DASH markets will be removed on Friday, January 15th at 23:00 UTC. Details: https://t.co/8qAdjuwryJ — Bittrex (@BittrexExchange) January 1, 2021 The Bermuda-registered exchange did not provide a reason for the delistings, but all three are privacy coins—a class of cryptocurrencies that offer untraceable transact...
Technology
In the spring of 2014, Wired ran a story titled “Darkcoin, the Shadowy Cousin of Bitcoin, Is Booming.” It was about a nascent privacy coin that was selling for nearly $7. If you’ve never heard of Darkcoin, that’s because it’s now called Dash. And although it was the first coin to integrate CoinJoin mixing, its contributors say it’s now no more a privacy coin than Bitcoin. So, when ShapeShift recently delisted Dash, along with privacy-first Monero and privacy-optional Zcash, the group that helps...
Coins
Crypto trading platform ShapeShift delisted privacy coins Monero, Dash, and Zcash to limit the company’s regulatory risk, according to ShapeShift. “We delisted all those coins at the same time, for the same reason,” ShapeShift Chief Legal Officer Veronica McGregor told Decrypt. “We are de-risking the company from a regulatory standpoint, so, for now, we are not working with those coins. We may revisit the situation in the future.” IRS Dishes Out $1.25 Million for Data Firms to Crack Monero CoinD...
Business
Crypto enthusiasts in Mexico have a new bridge to the world of traditional finance—and a new way to spend their coins. Tauros, a cryptocurrency exchange and neobank, has teamed up with Dash to launch the region’s first crypto debit card—a unique want to spend Dash, Bitcoin, and other cryptocurrencies at any Visa-accepting location in Mexico. Tauros, which is based in Mexico, offers various financial services, and through an agreement with Visa can now provide its users with a debit card backed...
Technology
Poor internet service will no longer be an obstacle for Venezuelans to pay with crypto. The Venezuelan exchange Criptolago announced earlier this week the launch of a service that processes crypto transactions via a text message—no Internet connection required. According to the exchange, the initiative was launched in response to a call by President Nicolas Maduro, who urged companies to develop payment mechanisms parallel to the traditional banking system. The president emphasized the need to c...
Markets
Dash (DASH)—the 20th largest cryptocurrency by market cap—has jumped nearly five percent over the past 24 hours and is now trading for over $70. The currency encountered its 2020 peak in mid-January. At that time, Dash was trading for well over $132, which shot up following an internet shutdown in the South American country of Venezuela, where Dash has proven to be popular amongst both citizens and top retailers alike. By March 13—a low day for most cryptocurrencies—the asset had lost nearly $1...
Markets
The crypto market has had a tumultuous few weeks. But today, as things in crypto have settled and the price of most cryptocurrencies have remained relatively stable over the past two days, two altcoins are pumping like mad. Dash, the 20th largest crypto by market cap, is currently up more than 22% on the day, trading for $57 per coin. It’s a far cry from where the crypto stood just this past February, when it was trading for $114. Still, the more than 20% jump is curious, with no clear answer...
Markets
Dash is now the tenth-largest cryptocurrency by market cap after an increase of more than 50 percent to its price today. The cryptocurrency is currently trading for around $140 per coin, the highest its price has been since July 2019. The surge has been enough to surpass Tron in the market cap rankings, which now falls out of the top 10 with a market cap of approximately $1.16 billion. Prior to today’s spike, it had been a relatively lackluster few months for Dash. It hit a yearly high of $150...