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 Samourai Wallet shutdown Implications for other privacy and self custody tools

Samourai Wallet shutdown Implications for other privacy and self custody tools


Published: 2024-06-14


1. Samourai Wallet Shutdown: Samourai Wallet,a popular privacy-focused self-custody tool for Bitcoin,announced its shutdown. The team cited regulatory concerns and lack of financial sustainability as reasons for discontinuing the service. Users are advised to withdraw their funds and switch to alternative wallets before the shutdown date on December 31st. This development raises questions about the future of privacy-centric tools in the crypto space.

2. Impact on Privacy Tools Ecosystem: The closure of Samourai Wallet highlights the challenges faced by privacy-focused tools in navigating regulatory hurdles and achieving financial viability. Other self-custody wallets and privacy tools may need to reassess their strategies and operational models to ensure compliance and sustainability in the changing regulatory landscape. The incident could also prompt users and developers to advocate for clearer regulations and support for privacy-enhancing technologies.

3. User Reactions and Community Response: The news of Samourai Wallet's shutdown has sparked reactions from the crypto community,with many expressing disappointment and concern over the loss of a trusted privacy tool. Some users have raised questions about the implications for their funds and privacy,while others are rallying support for alternative privacy-centric wallets and tools. The incident underscores the importance of community engagement and collaboration in maintaining privacy and security in the crypto space.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,299.80 1,736,381,260.90
2 BTC title=BTC 64,627.51 1,614,872,093.08
3 ETH title=ETH 3,516.21 1,101,469,942.37
4 COP title=COP 4,043.00 893,258,968.00
5 SOL title=SOL 132.82 456,617,414.84
6 PEPE title=PEPE <0.01 390,718,777.02
7 LISTA title=LISTA 0.79 331,318,740.02
8 ZRO title=ZRO 3.39 176,927,620.61
9 WIF title=WIF 1.91 173,751,088.23
10 XRP title=XRP 0.49 149,653,610.93
11 IO title=IO 3.93 127,122,203.18
12 FLOKI title=FLOKI <0.01 108,258,285.36
13 DOGE title=DOGE 0.12 104,423,698.20
14 NEAR title=NEAR 5.31 96,316,930.06
15 ZK title=ZK 0.19 94,197,855.84
16 ORDI title=ORDI 40.32 85,657,987.48
17 WLD title=WLD 3.02 84,599,534.71
18 BOME title=BOME <0.01 65,355,021.79
19 RUNE title=RUNE 4.26 59,535,628.01
20 RNDR title=RNDR 7.47 57,535,774.94
21 ENS title=ENS 26.46 51,931,174.06
22 FTM title=FTM 0.58 51,673,014.12
23 LDO title=LDO 2.31 51,149,247.11
24 PEOPLE title=PEOPLE 0.08 50,252,530.73
25 CRV title=CRV 0.36 48,771,895.01
26 AVAX title=AVAX 27.82 47,686,483.14
27 INJ title=INJ 20.81 45,672,961.30
28 PENDLE title=PENDLE 5.89 44,609,938.53

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Lista DAO title=LISTA 0.79
+3,837.50
2 LayerZero title=ZRO 3.39
+239.10
3 Metal DAO title=MTL 1.29 +15.87
4 Ontology Gas title=ONG 0.37 +12.82
5 Curve DAO title=CRV 0.36 +7.64
6 Atletico Madrid Fan Token title=ATM 2.41 +5.48
7 AVA title=AVA 0.69 +3.90
8 Pundi X title=PUNDIX 0.39 +3.73
9 Flux title=FLUX 0.66 +3.54
10 Dock title=DOCK 0.02 +3.53
11 Gas title=GAS 3.84 +2.95
12 Yield Guild Games title=YGG 0.66 +2.46
13 Paris Saint-Germain Fan Token title=PSG 3.04 +2.42
14 AC Milan Fan Token title=ACM 1.73 +2.37
15 IRISnet title=IRIS 0.02 +2.21
16 Manchester City Fan Token title=CITY 2.39 +2.18
17 Q Coin title=QKC <0.01 +2.15
18 Lisk title=LSK 1.07 +2.11
19 Sui title=SUI 0.90 +2.04
20 SelfKey title=KEY <0.01 +1.96
21 Biconomy title=BICO 0.40 +1.91
22 NULS title=NULS 0.40 +1.80
23 WINkLink title=WIN <0.01 +1.78
24 Prom title=PROM 8.26 +1.64
25 Cartesi title=CTSI 0.17 +1.60
26 Solar title=SXP 0.26 +1.58
27 ForTube title=FOR 0.02 +1.58
28 Lido DAO title=LDO 2.31 +1.54
29 Vite title=VITE 0.02 +1.53
30 aelf title=ELF 0.40 +1.46

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 zkSync title=ZK 0.19 -11.28
2 Rocket Pool title=RPL 24.84 -9.61
3 JasmyCoin title=JASMY 0.03 -9.56
4 Bonfida title=FIDA 0.29 -8.88
5 1inch title=1INCH 0.41 -8.82
6 dogwifhat title=WIF 1.91 -8.14
7 Render title=RNDR 7.47 -7.94
8 ConstitutionDAO title=PEOPLE 0.08 -7.76
9 Arweave title=AR 25.55 -7.55
10 Shentu title=CTK 0.76 -7.25
11 BurgerCities title=BURGER 0.51 -7.17
12 ARK title=ARK 0.56 -7.11
13 W 0.35 -6.95
14 Convex Finance title=CVX 3.37 -6.78
15 PlayDapp title=PDA 0.06 -6.22
16 Bonk title=BONK <0.01 -6.19
17 Moonbeam title=GLMR 0.21 -6.17
18 Highstreet title=HIGH 2.02 -5.78
19 Dymension title=DYM 1.63 -5.62
20 TrueFi title=TRU 0.15 -5.49
21 Optimism title=OP 1.84 -5.40
22 Renzo title=REZ 0.10 -5.28
23 Cortex title=CTXC 0.23 -5.28
24 BEAMX title=BEAMX 0.02 -5.28
25 Aevo title=AEVO 0.47 -5.26
26 Neutron title=NTRN 0.51 -5.21
27 Open Campus title=EDU 0.60 -5.19
28 Internet Computer title=ICP 8.23 -5.08
29 SPACE ID title=ID 0.45 -4.96
30 BarnBridge title=BOND 2.13 -4.83

Bitcoin's Greed and Fear Index.

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63
Greed

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