CoinJoin mixes transactions into a single transaction on the blockchain. The process makes it more difficult to identify where payments are directed going. Unlike other privacy coins protocols, including monero‘s bulletproofs or zcash‘s zk-SNARK implementation, CoinJoin’s are not totally anonymous.
Cryptocurrency exchange Coinbase announced its listing of cryptocurrency dash following an exploration period with the exchange that ended last week. Deposits will be accepted today followed by trades opening Tuesday at 16:00 UTC.
Coinbase announced its review of eight cryptocurrencies earlier last month. Of those under study, dash is the first to be approved.
A proof-of-work cryptocurrency, dash focuses on payments and security. With a reported marketcap of over $800 million, according to Messari, Dash is the 16th largest cryptocurrency by that metric.
In an interview with CoinDesk, Dash Core Group CEO Ryan Taylor said listing on Coinbase Pro was an investigative process due to the standards Coinbase holds. Recently, the privacy features of dash have come under scrutiny from other exchanges and regulators.
“Dash implements a privacy technique called CoinJoin”, Taylor said. “CoinJoin has been implemented a number of times on the bitcoin blockchain. Dash is one of the first which is why it probably has been labelled as a privacy coin.”
“This is what Coinbase understands and what we’ve been educating exchanges and regulators about”, he added.
“It’s important for our users to the access and so its important regulators know the distinction”, he continued.
“Our implementation of coinjoin is sophisticated and has a high level of privacy. The important thing to note is there is no legal status difference” between bitcoin and dash.
With over 30 million users, Coinbase Pro is one of the largest crypto exchanges by volume.
Crypto-Friendly Presidential Candidate Andrew Yang Considering a Mayoral Run?
“See you back in New York”, Andrew Yang said as he ended his campaign for US president.
Cryptocurrency holders saw an ally in 2020 presidential hopeful Andrew Yang, so the news that he was suspending his campaign on Feb. 11 came as a major disappointment. As one of the outspoken candidates on blockchain and crypto, Yang outlined his plans for the cryptocurrency industry and discussed implementing blockchain-based mobile voting for the upcoming election. One of the political action committees (PAC) supporting Yang even allowed donations in Bitcoin.
Yang’s progressive ideas when it came to universal basic income drove his campaign out of obscurity and into the national spotlight in 2019. Yet he was unable to match the support of candidates like Senators Elizabeth Warren and Bernie Sanders in the Iowa caucus and New Hampshire primary to continue his presidential run. Despite these setbacks, the entrepreneur alluded to getting involved in local elections upon his return to New York City:
“I would certainly not rule out running for office again.”
Who’s Left to Support Crypto on the National Stage?
Cointelegraph has previously reported that a President Bernie Sanders would be “amazing for Bitcoin”, but the candidate has rarely (if ever) spoken on the topic. Senator Elizabeth Warren has spoken of cryptocurrencies being easy to steal and highlighted her desire for additional regulations to prevent fraud.
The crypto community may have lost its presidential candidate. However, Andrew Yang still has the opportunity to bring his forward-thinking approach to cryptocurrencies and blockchain technology as the mayor of New York City:
“I’m not going away. The Yang Gang is not going away. So the plan is to keep on pushing the ideas of this campaign across the finish line. So we’re not going anywhere.”