Daily crypto: Lower prices and U.S. authorities want to track monero

Over the last 24 hours, we have seen falling prices for cryptocurrencies. A clear majority of the 100 biggest currencies show red numbers at the time of writing.

The market cap for all cryptocurrencies has also decreased by $4 billion – from $126 billion yesterday to $122 billion today.

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U.S. authorities want to track private transactions

The U.S. Department of Homeland Security intends to develop a project group that will try to build tools to track transactions with anonymity-focused currencies like monero and zcash. In a newly published document, Homeland Security writes that “a key feature underlying these newer blockchain platforms that are frequently emphasized is the capability for anonymity and privacy protection”.

Homeland Security says that “while these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature. To that end, this proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions”, the Homeland Security writes in the published document.

Bitcoin cash falls sharply

Looking at the biggest cryptocurrencies, all of them show lower prices than yesterday. Bitcoin cash (-10,76%), stellar (-6,10%) and ethereum (-4,53%) have lost the most, but also xrp (-2,57%) and bitcoin (-1,22%) have shown declining prices during the last 24 hours.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were polymath (+24,09%) and factom (+23,53%), and those who performed the worst were dex (-19,23%) and maker (-13,74%).

*All numbers in this article are from Coinmarketcap.com.

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