The top three privacy-focused cryptocurrencies
Privacy cryptocurrencies are designed to offer the greatest anonymity and security possible with untraceable transactions.
Since the previous day, the five most-watched cryptos ( Bitcoin Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -1.08%. Leading the way was Litecoin, whose price is now around $59.51 USD, which yielded holders a return of 1.23% from the day prior. As for the worst-performing crypto out of the Big Five, yesterday that was Bitcoin Cash; it came in at down 5.18%, which drove its price to around $263.31 USD. Only one of the coins had up days, which indicates almost the entirety of the sector as a whole moved down.
The moves in Bitcoin Cash and Ethereum were especially surprising; they were much larger than the normal daily trading range associated with the currency. Technical traders may also wish to note the following developments in price action:
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 66% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $35,532,876 occurred on Bitcoin’s chain. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $152.71 billion US dollars. That’s about 65.62% of the value of all circulating cryptocurrencies Its dominance has been in a downtrend over the past two weeks, going between 65.62% to 67.07%.
Privacy cryptocurrencies are designed to offer the greatest anonymity and security possible with untraceable transactions.
Another cryptocurrency firm has announced that it will be reducing its workforce to better focus resources.
With leading banks that service crypto closing down, what other options do crypto firms have for finances? In this, we explore.
The cryptocurrency-friendly Signature Bank and its former executives are being sued by shareholders for alleged fraud and misleading claims.