Topic: Coincheck Drops Anonymous Monero, Dash, Zcash (Read 121 times)
This is a really interesting development. I could see a shift from the large market cap privacy coins as they get delisted from the big exchanges and price declines to the smaller market cap anonymous coins which are only listed on the smaller exchanges.
This is expected. I believe, and this is my prediction for the next 5 years, that ALL "anonymous coins" are going to end up banned from all major exchanges, and at some point they will be ostracized into very fringe exchangers of altcoins only, so there will be no way to easily buy Monero or any of these coins with fiat. This will help Bitcoin, since people will be forced to buy Bitcoin first if they want to buy any of these coins.
On the other hand, these anonymous coins may also go up in price long term since they will be use on darknets more than Bitcoin. This is of course assuming that Bitcoin doesn't step its anonymous game up enough that all of these anonymous coins are no longer relevant, which could of course end up in a ban on Bitcoin on all exchanges as well...
On the other hand, these anonymous coins may also go up in price long term since they will be use on darknets more than Bitcoin. This is of course assuming that Bitcoin doesn't step its anonymous game up enough that all of these anonymous coins are no longer relevant, which could of course end up in a ban on Bitcoin on all exchanges as well...
Coincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted already on the darknet, a cybersecurity expert claims.
source: https://news.bitcoin.com/coincheck-drops-anonymous-monero-dash-zcash/
source: https://news.bitcoin.com/coincheck-drops-anonymous-monero-dash-zcash/
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