Crypto News

What is CoinJoin? CoinJoin is a privacy enhancement technique used in cryptocurrency transactions to make it difficult to trace the source and destination of funds. It works by combining multiple transactions from different users into a single transaction, making it challenging for external parties to determine the original sender and receiver. The Controversy Surrounding Private CoinJoin Transactions Recently, there has been a debate about the use of private CoinJoin transactions, with some claiming that it is primarily used by hackers and criminals to launder stolen funds. However, Ki Young Ju, the CEO of CryptoQuant, has dismissed this notion, stating that CoinJoin is just a tool and can be used for both legitimate and illegitimate purposes. Why Private CoinJoin Transactions are Not Just Used by Hackers According to Ki Young Ju, private CoinJoin transactions are also used by individuals and businesses who value their privacy and want to keep their financi...