Mixed Cryptocurrency Transactions Up 300% as Crypto Users Pursue Anonymity

“CoinJoins,” where crypto transactions are mixed to deliver anonymity to senders, have risen by 300% in the past nine months, data shows.

Mixed cryptocurrency transactions now represent 4.09% of all bitcoin (BTC) payments, according to data published by Longhash on April 29.

So-called “CoinJoins” have risen by 300% in the space of nine months. By blending multiple transactions together before they are sent to the recipient, the technique is regarded as a way of obscuring the sender’s details.

The data was provided by Adam Fiscor, the CTO of the company that runs Wasabi Wallet, a product that aims to deliver greater levels of anonymity to bitcoin users. It shows that CoinJoin transactions have reached their highest level since 2013-14.

CoinJoins have become more popular as governments around the world begin to step up their monitoring of transactions on blockchain, with law enforcement agencies often using specialist companies such as Chainalysis to pursue hackers and criminals dealing in crypto.

Although privacy coins have been touted as an alternative to BTC, they are experiencing pushback in some countries. Officials in France have suggested they should be banned altogether, while China recently enforced new anti-anonymity regulations that are purportedly designed to contribute to the industry’s healthy development.

Original Article


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2987,Press Releases,338,Sponsored,137,
CryptoNomus: Mixed Cryptocurrency Transactions Up 300% as Crypto Users Pursue Anonymity
Mixed Cryptocurrency Transactions Up 300% as Crypto Users Pursue Anonymity
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy