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$625,000 to ‘Crack’ Monero, DASH Relinquishes Privacy Coin Status, CFTC on Tether (USDT), What Happens If?

Monero (XMR), a privacy-focused, secure and untraceable cryptocurrency launched in 2014 presently trades at $103.75.

Pawel Kuskowski, CEO of CoinFirm opined that with the present level of cryptography, it may be almost impossible to ‘crack’ Monero but stated that it doesn’t infer that Monero assets tracing is impossible in an effective way.

On what will happen to Monero’s value if it loses its privacy powers, Kuskowski stated his belief that XMR’s value is almost close to zero if its anonymity aspect is removed.

Dave Jevans, CEO of CipherTrace has a slightly different opinion that tracing Monero will always be more predictive than completely deterministic citing the fact that Monero’s makeup is quite different from Bitcoin’s.

He gives the most likely scenario to be an initial reduction in price if Monero is ‘cracked’ however, Jevans expects XMR to rebound in price once it sees listing on additional crypto exchanges. A higher trading volume will be the consequence of citing Bitcoin value higher than XMR.

A conflicting aspect is that Monero already trades on a vast number of crypto exchanges due to its privacy-centric nature while XMR has also been delisted on some exchanges like Huobi and Bithumb significantly reducing its volume.

Once regarded as one of the crypto market’s top privacy-focused assets, Dash (DASH) no longer falls into this category, according to the parent company, Dash Core Group. Fernando Gutierrez, Dash Core Group CMO recently stated when inquired about the status of Dash as a privacy coin:

a payment cryptocurrency, with a strong focus on usability, which includes speed, cost, ease of use, and user protection through optional privacy.Dash came into existence in 2014 as a fork of Bitcoin. Originally called XCoin, before changing to Darkcoin, and then finally Dash, it branded itself as a privacy-focused asset.

The project’s white paper stated,Dash is the first privacy-centric cryptographic currency based on the work of Satoshi Nakamoto [Bitcoin’s pseudonymous creator]What Happens if Tether (USDT) Falls to CFTC Caprices?

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