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Dash Privacy Coin Can’t Get Away From Its Darkcoin Past

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Dash Privacy coin has started a circulating primer in a bid to alleviate the regulatory fears by explaining its privacy features but somehow the ghosts of its past regarding the Darkcoin history cannot go away. Let’s find out more in the latest cryptocurrency news today.

Dash was created first by Evan Duffield in the form of ‘’DarkCoin.’’ The idea behind the name was not that Dash could be used in illegal activities but rather that it could ‘’go dark’’ or not be fully transparent. This means that a piece of numbers and letters could not be personally identifiable in a sent information. Dash Core is the organization that is funded from the Dash Network in order to ensure that that the project has a viable future:

 “Since Dash is commonly labeled as “privacy centric” in the media, it is sometimes included in proposed “ban lists”. This is an incorrect treatment of Dash from both regulatory and legal stances.”

Some countries around the world have discussed the idea of banning privacy coins overall. For example in India, a group of bankers decided that the best approach is to blacklist cryptocurrencies altogether so the fears that Dash has are not unfounded. When a reporter spoke to the Dash CEO Ryan Taylor, he clarified that Dash is not a privacy coin but merely a ‘’user experience.’’ The privacy model is different from the one Zcash and Monero have. Monero’s transactions are obfuscated and Zcash offers both transparent and ‘’z’’ addresses which are shielded:

 “Privacy and anonymity features are not binary, but rather a spectrum. This spectrum includes complete shielding of transactions (in which addresses and amounts are completely obscured from third-party observers), optional shielding of transactions, and completely transparent transactions. For example, with ZCash, shielded addresses are not visible and transactions between shielded addresses do not reveal either address, the transaction amount or the contents of an encrypted memo field. In contrast, Dash transactions are all completely transparent and auditable, identical to Bitcoin (upon which Dash is based), including the amounts and addresses party to each transaction.”

Dash primarily argues that it is not as different from Bitcoin in order to be treated differently. The company announced the new information packed in a blog post as we read in the altcoin news today saying:

 “We are making this information available on our website in an effort to educate regulators, exchanges, money service providers, and lawmakers to make sure service providers can continue servicing our users.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Dash News

Dash Android Wallet Usage Surges By 627% In Venezuela

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The Dash news price today show that during the Q3 and Q4 of 2019, the exchange rate of Bolivar Soberano (VES and known as Bs) declined by almost 900% against the US Dollar. The hyperinflation finishes off the national remittance system and right now, cryptocurrencies have become the only tool of exchange in the country. Just like that, the Dash Android wallet usage is surging and the cryptocurrency is used for more low-cost everyday payments. Citizens of Venezuela are increasingly using this token for their domestic as well as cross-border payments. There are affordable Android-based smartphones linked to the Dash cryptocurrency and acting as a hardware basis for the system. Thus, the statistics for the Dash wallet app usage are a reliable indicator of crypto adoption. As the director of media and PR in Dash, Mark Manson recently reported:
"There has been a 627.47% increase in active android devices using Dash wallet app in Venezuela between May 2019 to January 2020."
https://twitter.com/StayDashy/status/1224445307196329990 He also stressed that the Dash Android wallet usage does not count application installations which is typical for such type of calculations. As he said, by 'active' he means only devices which have been online at least once in the past 30 days. Right now, the latest blockchain news show that Venezuela is not the only country where cryptocurrency has replaced a national financial system. The CEO of Twitter can prove this wrong - during his November African trip, he emphasized that cross-border crypto remittance is the last hope for sub-Saharan Africa. Additionally, the EOS-like blockchain project Telos already launched its token pegged to the South African Rand - named the eZAR. Many African nations are now in the process of deploying stablecoins. Besides the Dash Android wallets, the actual value of DASH on the charts today is declining, just like many of the cryptocurrencies. IT has been a day full of losses so far and DASH managed to lose around 9% from its yesterday price, sliding to $90.99 which is the current level. The trend is now bearish and the technical indicators show that cryptocurrencies fell below their support and surprised many investors. The biggest loser on the day in the cryptonews is Bitcoin SV (BSV) which shed 11% and fell to $242.
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Dash News

Dash Will Get New Monitoring Features Thanks To PARSIQ

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Dash will get a new monitoring feature thanks to  PARSIQ, a real-time blockchain intelligence, and activity platform has declared it will provide compliance and monitoring features to Dash, a cryptocurrency based on blockchain with its focus on payment solutions that have thousands of merchants and a payment volume of above USD $1.52 billion. Dash NEXT, the well-known business development unit of Dash will pair with PARASIQ and will be cooperating in a strategic partnership to bring real-time crypto payment notifications through Smart-Triggers, automated accounting and reporting for settlement partners, and compliance tools for third-party applications integrating with Dash as per the Dash news reports:
 “With the integration of better monitoring and automation tools, we are excited to continue expanding the digital payments ecosystem across Asia.”
Because of this partnership, merchants that accept Dash can get real-time payment notifications via their preferred transport instruments like email and instant messaging. Merchants can get real-time insights into their business, with automated accounting, reporting, and alerts of high-risk doubtful transactions. End-users in the coin's community have the opportunity to be notified instantly about payments on their phones and get info about the amount and price of the coin at the time of the payment. This reduces the time and effort needed to confirm the exchange rate between the coin and local currency quite substantially. The technology of PARISQ also gives the opportunity for 24/7 monitoring of funds and users will get real-time notifications of any activity in their crypto wallet for more meaningful user experience.
 “Users and businesses that transact with Dash will now have the ability to create Smart-Triggers and use the benefits of PARSIQ’s real-time blockchain monitoring. We will automate payment confirmation notifications, audit, security monitoring and user activity on the Dash blockchain. It’s a leap towards bringing additional benefit to the Dash community and yet again increasing the range of blockchains that PARSIQ supports.”
As Dash partners with Simplex, the leading cryptocurrency establishes itself in a good way. Right now, the Dash news show that the coin has a market cap of over $1 billion and operates a peer-to-peer network that is backed by a large online community of developers and adopters, many of whom are running the open-source crypto software.
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Dash News

KuCoin Announces DASH/USDT Trading Pair In The Dash News

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The Dash news today show that the KuCoin platform recently announced that it has opened a trading service for the DASH/USDT trading pair in its spot trading desk. As KuCoin announces the new trading pair, we can also see a video representing the new update within a Twitter post. https://twitter.com/kucoincom/status/1231831539714908160 For those of you who are not actively following our crypto news, KuCoin is a global cryptocurrency exchange which offers a variety of digital assets and currencies. It is actually dubbed 'The People's Exchange' and was launched in September 2017, initially based out of China but moving its headquarters to Hong Kong sooner after that for its crypto-friendly regulations. Ever since then, the exchange managed to grow to over 5 million users from over 100 different countries. The daily trading volume of over $320 million is now a serious number to look out for. As KuCoin announces the new DASH trading pair, we can see that the Dash news are promising a good period for traders. Last week, KuCoin also announced that it would be adding support for the Canadian Dollar (CAD), bringing the total number of fiat currencies on the platform to 12. Meanwhile, Dash continues to see a remarkable growth and the altcoin has gained tremendous momentum recently. Earlier this month, it was added to the Binance Futures trading platform as the exchange launched a DASH/USDT perpetual contract with up to 50x leverage. Known as a next-gen cryptocurrency, the Dash news show that in January 2020 alone, the altcoin surged by a staggering 178% which is why it is still viral - going from $41.87 to $116.43 and achieving the status of being the biggest winner among the top 20 coins. Ever since then, the cryptocurrency grew to over $133.55 and currently stands at just over $104 as of the close of the market yesterday. Anyways, the fact that KuCoin announces support for this coin is big and traders are ready to embrace the full potential of Dash (DASH) in the upcoming events. Despite the recent losses, the altcoin still has a lot of room to grow and now that it is a member of the top 20 largest cryptocurrencies by market cap, it will probably be motivated to make the news with new developments and features.  
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Dash News

Mexican ATMs Will Now Support Dash (DASH)

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The Mexican ATMs will now provide support for DASH to over 11,000 ATMs, which will create a huge influx of crypto interest. This addition comes in after the announcement of a partnership between Dash Pay and cryptocurrency company Tauros. A well-known cryptocurrency remittance organization in Mexico, Tauros, is popular for its cause of making the purchasing of cryptocurrency easier for people.
 ‘’The United States of America and Latin America together have become great places for cryptocurrency usage. The Latin American countries have taken bigger share from the pie because of the high update within the cryptocurrency industry.’’
Dash cryptocurrency, is one of the huge altcoins on the charts that have been a great help for growing economies. After enjoying great growth in countries like Venezuela and Colombia, now Dash has set it's to course on conquering Mexico.  With the newest addition, the people that use ATM will have the opportunity to purchase Dash with Mexican Peso The Chief Executive Officer of Dash Core Ryan Taylor said that the ‘great partnership’ between them will make the way for even more development in the region. He added for the latest dash news:
 “[The Bitcoin ATMs] Infrastructure that can continue growing our Latam [Latin-America] remittances strategy going forward and help expand our use for payments in Mexico, even among the unbanked. This is another great partner for Dash.”
The cryptocurrency market has remained strong in states with flailing economies. That was the number one reason why Dash and Bitcoin turned into superstars in countries like Venezuela. Past studies had presented that merchants in Venezuela had started to accept Dash coin as an instrument of payment for elementary necessities. This custom came in right in the middle when the regime imposed its own state-backed cryptocurrency, the Sovereign Bolivar. There are certain reports that predicted that Dash cryptocurrency may have over 1 million users in Venezuela by the end of this year. Mark Mason noticed that from May of 2019 to December of 2019 there was a growth of 569% in Dash wallet usage in Venezuela. The number of devices that utilized the Dash wallet application had grown from 7,597 in May of 2019 to 50,336 in December of 2019.
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