Connect with us

Digital Assets

Uncover the Best Privacy Coins in 2021



Privacy coins are anonymous peer-to-peer decentralized systems that are a unit of calculation within the network. Monero is one of the most secure and confidential cryptocurrencies. Dash is another popular cryptocurrency with the simplest anonymity function, a two-level structure in two-tiered structure. The privacy coins are necessary for everyone who cares about their security: from business people who care about confidentiality and speed of processes to ordinary internet users who want to ensure the inviolability of their personal life. Here’s the best privacy coins list.


Photo by Javardh on Unsplash

Cryptocurrencies have emerged as a reliable tool allowing online users to control their own money without the participation of outsiders.

It is decentralized and anonymous cryptocurrencies that are putting an end to the era of offline banks.

In 2021, two ordinary online users can perform any financial transactions without the participation and control of third parties, which ensures the security and confidentiality of the process.

However, some coins allow you to register the details of all transactions in the blockchain, and there are others where it is impossible to do so: no one knows either the details of the transactions or the names of users who perform them. These are called privacy coins.

Privacy coins are anonymous peer-to-peer decentralized systems that are a unit of calculation within the network.

It is anonymous cryptocurrencies that ensure the protection of financial transactions throughout the network.

Privacy crypto coins are necessary for everyone who cares about their security: From business people who care about confidentiality and speed of processes to ordinary internet users who want to ensure the inviolability of their personal life.

Nevertheless, the idea of anonymity of cryptocurrencies is subject to huge criticism. This is due to financial regulators who insist on using AML/KYC requirements.

However, such openness of the blockchain means that anyone, including government agencies, trusted persons, hackers, or just savvy internet users will be able to track any financial transaction and calculate the identity of the cryptocurrency holder.


Therefore, many developers realized the need to create truly anonymous cryptocurrencies to provide users with maximum privacy for financial transactions.

What are these anonymous crypto coins? Here’s the privacy coins list.

Crypton (CRP) and Utopia CRP Stablecoin (U USD)

Crypton (CRP) is the main monetary unit of the Utopia P2P ecosystem. 

The fact that a large and private ecosystem backs the coin makes it stand out among others and puts it in the first place in our rating.

Utopia P2P is an anonymous, decentralized ecosystem that includes several multifunctional tools for messaging, data transmission, surfing, mining, and conducting financial transactions. 

It was developed by The 1984 Group. The team stands for the security and privacy of the data of every internet user.

CRP is a privacy coin and an internal cryptocurrency of the anonymous ecosystem. It provides anonymous financial transactions that are not recorded in the blockchain in any way – so it is impossible to track the payment history. In addition, there is no available metadata. 

No other cryptocurrency provides such a level of tracking-proof transactions. Crypton is a hidden gem that ensures users’ privacy.

Recently, another crypto project of the ecosystem has been developed – the Utopia CRP stablecoin (U USD). The U USD is an anonymous, secure, private, and low-cost payment method designed to maintain 1:1 parity with the U.S. dollar. 

It provides secure financial transactions, tax-free savings, the lowest fees on the market, independence from political or social organizations, the absence of KYC requirements, and more.

The liquidity of the Crypton and U USD is supported by various market algorithms on different exchanges, including the Utopia internal exchange. 

Monero (XMR)

Monero is one of the most secure and confidential cryptocurrencies. It is based on the CryptoNote encryption protocol. It was released in 2012 by the anonymous development team of Nicolas van Saberhagen.

This crypto coin is top-rated in the darknet.

As a result, law enforcement officers from different countries have repeatedly tried to figure out the mechanism of its operation.

Unfortunately, they could not even determine the number of transactions, much less the personal data of users.

The Monero mechanism to protect users is based on complex cryptographic technologies, such as Kovri, Ring CT, and Stealth.

However, since the Monero blockchain has much more effective protection than other altcoins, its “rich inner world” remains closed. 

It is not surprising that the malware creators for hidden mining prefer to mine Monero than similar coins.


Evan Duffield, the ideologist of Dash, first expressed ideas about creating an “improved version” of Bitcoin back in 2010.

The developer of Dash believed that the first cryptocurrency lacked anonymity and more than once suggested changing the Bitcoin blockchain.

Faced with resistance from the creators of Bitcoin, Duffield developed the concept of Xcoin in 2013. After two rebrands, the coin became known as Dash.

Dash is another popular cryptocurrency with the simplest anonymity function, working in a two-level structure.

Miners mine coins and guarantee the network’s security, and user masternodes provide anonymity through Private Send technology. All transactions are divided into many parts, mixed, and become indistinguishable from each other.

Dash platform users have the opportunity to transfer funds almost instantly through the InstantSend service.

Verge (XVG)

It was released in 2014 by a crypto enthusiast under the nickname Sunerok. It is based on encryption protocols such as Wraith and Tor.

Verge is an anonymous cryptocurrency focused on confidentiality.

It can keep all transactions closed, anonymous, and completely inaccessible for tracking. Verge uses Tor and I2P to ensure the complete anonymity of its users and their funds.

As experts emphasize, the Tor proxy system encrypts traffic and passes it through many computers. The add-on from the private I2P network makes it even more difficult to identify users.

The coin has several unique features, but the most valuable is the combination of a high degree of privacy with the speed of confirming transactions.

Komodo (KMD)

Komodo was invented and launched by an anonymous crypto enthusiast under the nickname jl777 in 2016. The coin encryption protocol is Delayed Proof of Work (dPoW).

One of Komodo’s secure cryptocurrencies is actually a fork of Zcash.

According to experts, using zero-proof and the recently introduced Delayed Proof of Work (dPoW) protocol, Komodo provides its users with complete anonymity and an additional level of security.

Zero-proof guarantees that all transactions, the identification of the sender and recipient on the Komodo platform, and the amount are not visible to an outside observer.

In practice, this means that Komodo additionally signs its blocks in the Bitcoin blockchain, which makes it almost impossible for third-party penetration and hacking.

Coin owners have a choice between public and anonymous transactions. In the first case, traces of the transaction can be found in the blockchain; In the second, only the transaction itself is recorded.


This is a fork of the famous Zcoin cryptocurrency. The smart protocol was explicitly created to throw hackers off the trail.

The idea is to introduce random data into each chain, making it impossible to track the movement of money.

The main function of SmartCash – which is not present in any other coin – is smart privacy. After its activation, the funds disappear from the client’s account along with the history.

Still, after a couple of minutes on the same wallet, the entire amount is restored in new coins without any history. Attackers cannot track transactions or determine where they came from and what the funds were spent on.

According to analysts, the activation of smart privacy costs 2% of the cryptocurrency being destroyed, but such a large-scale security measure cannot be free.

This is a very high level of privacy, which automatically puts SmartCash among the leaders in the ratings for the most anonymous cryptocurrencies.


Join Hacker Noon

Create your free account to unlock your custom reading experience.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.


Blockchain News

George Soros’s Family Office Confirms Trading Bitcoin



Billionaire investor George Soros’s family office, Soros Fund Management, has announced that it is trading Bitcoin.

Soros, who is prominently known for making big money in traditional currency investments, is reported to have been trading Bitcoin for the past few months. 

Dawn Fitzpatrick, the CEO and the Chief Investment Officer of Soros Fund Management stated during a Bloomberg summit on Tuesday, October 5 that “from our perspective again, we own some coins, not a lot, and the coins themselves are less interesting than the use cases of DeFi and things like that.”

Fitzpatrick’s remarks confirm past reports that Soros Fund has begun trading Bitcoin-based on anonymous sources earlier this year. Soros Fund is also an investor in cryptocurrency companies such as Lukka and NYDIG, but the announcement is the company’s first public confirmation of having investments in crypto assets directly.

Fitzpatrick further stated that Bitcoin is more than an inflation hedge. “I’m not sure bitcoin is only viewed as an inflation hedge. Here I think it’s crossed the chasm to the mainstream. Cryptocurrencies now have a market cap of over $2 trillion. There are 200 million users around the world, so I think this has gone mainstream,” she added.

The price of Bitcoin surged almost 10% on Wednesday morning to around $55,000 after the news went around that the investment firm founded by billionaire George Soros owns Bitcoin.

The broader financial sector has started recognizing crypto assets and the underlying technology for their potential. The public announcement came from Soros family office, which manages money for the billionaire philanthropist, that it is trading cryptocurrency, strengthening the industry’s legitimacy.

However, still many famous investors and business leaders (such as billionaire investor Warren Buffet, JPMorgan Chase CEO Jamie Dimon, among others) have expressed unwillingness to embrace cryptocurrencies.

Increasing Allocation to Crypto

Last month, UK Billionaire Simon Nixon’s family office also announced plans to start investing in cryptocurrencies.

Interest among family offices in crypto assets has significantly increased over the last 12 months despite wild volatility.

About 60% of family offices are reported to have already invested or are interested in cryptocurrencies.

Several investment firms of the super-rich increasingly see crypto assets as a hedge against inflation.

In July, a survey conducted by Goldman Sachs showed that 15% of family offices are already trading cryptocurrencies, while 45% stated that they could invest in the future.

According to the survey, many family offices consider cryptocurrencies as a way to hedge against prolonged low rates, higher inflation, and other macroeconomic developments following a year of unprecedented global monetary and financial stimulus.

Image source: Shutterstock
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/george-soros-family-office-confirms-trading-bitcoin

Continue Reading

Blockchain News

US Congressman Proposes Safe Harbor for Digital Token Issuers in a New Bill



A new bill has just been sponsored by an American lawmaker from North Carolina, Patrick McHenry, seeking to grant a safe harbour for some kinds of token transactions and prevent issuers from being sanctioned for not registering with appropriate authorities.

The sponsored bill was christened the “Clarity for Digital Tokens Act of 2021”, and it proposes a number of amendments to the Securities Act of 1933.

Per the bill’s provisions, innovators seeking to establish a decentralized protocol with self-governing capabilities will have up to three years to focus on building out their innovation and not worry about registering with either the Securities and Exchange Commission (SEC) or other such market regulators. Despite the magnanimity of the bill, project owners will need to maintain the utmost transparency by providing essential details such as the protocol tokenomics, codes or tools for verifying transactions, and information detailing the project’s consensus mechanism.

Suppose the bill eventually becomes passed into law. In that case, crypto project owners will need to identify with the need to be protected under the bill, fulfil the requirements, and effectively indicate when they have completed the development of their projects, or when the three years have elapsed.

A number of government authorities and lawmakers have been attempting to contribute to the growth of what they call financial innovation in the US. SEC Commissioner Hester Peirce, also known as “crypto mom”, is also one of the chief proponents of a Safe Harbor for digital currencies. The argument is simple, and it is that the United States can compete and maintain its leading role as a hub for financial innovation when a grace period is introduced to help crypto and blockchain innovators focus on their revolutionary inventions.

The US has been lagging behind other nations, particularly in the longer than usual delay in approving a Bitcoin ETF when other countries, including Canada and Brazil, have nurtured such a highly sought-after investment vehicle. Propositions like the Safe Harbor on digital assets will help lift some of the embargoes that market watchdogs are placing on the nascent digital industry.

Image source: Shutterstock
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/us-congressman-proposes-safe-harbor-digital-token-issuers-a-new-bill

Continue Reading

Blockchain News

New Zealand Eyeing the Possibility of Rolling Out a CBDC



New Zealand is the latest entrant in the race of setting up a central bank digital currency (CBDC). The nation’s central bank, the Reserve Bank of New Zealand (RBNZ),  sees this as a stepping stone towards attaining an efficient monetary policy tool.

CBDC presents an innovative form of money

Per the announcement:

“Trends in cash use and innovation in money present an opportunity for the Reserve Bank to consider broadening central bank money to include a widely available digital form.”

The RBNZ added that the declining use of cash and the acceptance of emerging innovations in private money like stablecoins provided a ripe opportunity to issue a CBDC.

CBDCs represent the digital form of a nation’s fiat money. They are controlled directly by the country’s central bank and are backed by national credit and government power. 

To stabilise the liquidity of currency for the seemingly inevitable cashless society in the future, countries are now launching experiments to test the workings of CBDC.

Earlier this month, the Bank for International Settlements (BIS) teamed up with the central banks of South Africa, Malaysia, Singapore, and Australia to kick start a project dubbed Dunbar to test the use of central bank digital currencies (CBDCs) in cross border payments.

New Zealand intends to boost its currency value with a CBDC

The RBNZ acknowledged that developing a CBDC was time-consuming based on the multi-stages and complexities involved. Nevertheless, it supported the CBDC idea because it could boost the value of the local currency, the New Zealand dollar. 

Once rolled out, the CBDC is expected to offer individuals and businesses the option of changing privately issued money into a digital form of central bank money. Furthermore, it is anticipated to provide monetary stimulus or interest as a monetary policy tool.

CBDCs are expected to drive the financial inclusion of nearly 1.7 billion people left out of the banking system once launched. This is because CBDCs are digital assets pegged to a real-world asset and backed by the central banks meaning that they represent a claim against the bank exactly the way banknotes work. Central banks will be in full control of their supply. 

Image source: Shutterstock
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/new-zealand-eyeing-the-possibility-rolling-out-a-cbdc

Continue Reading


Many Indians panic sell in the wake of China bans BUT here’s the upside



After the relatively positive Saturday, the bears have returned to the market and pushed bitcoin south to below $41k. The alternative coins have also suffered badly, with ETH dropping beneath $2,800.

Update: shortly after the first publishing of this market update, Bitcoin managed to recover from the massive dump – which resulted in a current daily low of $40.8k, according to Bitstamp.

The primary cryptocurrency saw a decent recovery: In less than one hour, BTC spiked almost $3k surpassing $43.7k. ETH climbed back towards the $3,000 mark.

Volatility at its best. BTC/USD, by TradingView

First Release: Bitcoin Dumps Below $41K

As of Sep 26, 8:40 AM UTC

It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. The asset was performing well until Friday, when a new set of Chinese ban statements drove it south hard. In a matter of minutes, bitcoin plummeted from above $45,000 to below $41,000.

BTC used the Saturday to recover some ground and pushed above $43,000. However, this endeavor was short-lived as it retraced beneath that level almost immediately.

It traded around $42,000 for almost a day before the bears regained control once more minutes ago. This time, the cryptocurrency fell as low as $40,800. As of now, it has bounced off and recovered a few hundred dollars, but it’s still about 1.3% down on the day.

Bitcoin’s market capitalization had dropped beneath $800 billion again, but its dominance over the alts has neared 43% as most of them have suffered even more.

A Sea of Red on Altcoin Street

As mentioned above, the alternative coins are in even worse shape than their leader. Ethereum has lost another 3% of value since yesterday and is well below $2,800. Cardano, the only larger-cap altcoin in green yesterday, is down by 5% today to $2.17.

Ripple and Dogecoin have marked similar losses. Binance Coin, Solana, Polkadot, Avalanche, and Terra have dumped even more in a day. As a result, BNB sits at $320, SOL at $126, DOT ($27%), AVAX ($63), and LUNA ($34).

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Aside from Celer Network, which has spiked by double digits once again, most other lower- and mid-cap alts have bled out. Huobi Token (-16%), Filecoin (-12%), Celo (-11%), Fantom (-11%), THORchain (-10%), and Arweave (-10%) are a few examples.

The crypto market cap is down by nearly $100 billion in a day and $200 billion since Friday to $1.8 trillion.


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.


Continue Reading
Blockchain5 days ago

People’s payment attitude: Why cash Remains the most Common Means of Payment & How Technology and Crypto have more Advantages as a Means of payment

Supply Chain5 days ago

LPG tubes – what to think about

Energy4 days ago

U Power ties up with Bosch to collaborate on Super Board technology

Startups5 days ago

The 12 TikTok facts you should know

Energy4 days ago

Piperylene Market Size to Grow by USD 428.50 mn from 2020 to 2024 | Growing Demand for Piperylene-based Adhesives to Boost Growth | Technavio

Energy4 days ago

Notice of Data Security Breach Incident

Blockchain4 days ago

Blockchain & Infrastructure Post-Event Release

Esports4 days ago

How to get Shiny Zacian and Zamazenta in Pokémon Sword and Shield

Blockchain4 days ago

Week Ahead – Between a rock and a hard place

Cyber Security4 days ago

Ransomware Took a New Twist with US Leading a Law Enforcement Effort to Hack Back

Esports3 days ago

Phasmophobia Nightmare Halloween Update Coming Oct. 25

AR/VR3 days ago

The VR Job Hub: Make Real, Survios, SAIC & Armature Studio

Code4 days ago

How does XML to JSON converter work?

Cleantech3 days ago

Q3 Saw Europe’s EV Share Break New Ground Above 20% & Overtake Diesel For First Time

Energy3 days ago

IJGlobal reconoce a Atlas Renewable Energy con sus premios ESG Energy Deal of the Year 2020 y ESG Social

Blockchain4 days ago

Analyst Puts Bitcoin Bottom At $50,000, Here’s Why

Artificial Intelligence5 days ago

Morgan Stanley’s robot Libor lawyers saved 50,000 hours of work

Esports4 days ago

PGL Stockholm Major: Scores, standings, and results

AR/VR4 days ago

Review: Spacefolk City

AR/VR4 days ago

Hero Brawler Quantaar to Hold Week-Long Steam Demo