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Bitcoin will replace cash and card payments in the near future. This is a statement you’ve heard often. From its ease of use to the elimination of third-party payment processors, Bitcoin could be the ultimate payment method for the future. However, according to recent research, the reality on the ground is quite different. The research … Read more
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit … Read more
In today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware … Read more
Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in … Read more
Bitcoin tumbling service Bestmixer has added a slew of new features designed to enhance anonymity. A triple-tier service provides varying levels of privacy, all geared around outsmarting the blockchain forensic tools deployed by companies such as Chainalysis. Also read: Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market Bestmixer Ups Its Privacy Game Bitcoin tumbler … Read more
You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is deemed … Read more
Most cryptocurrency enthusiasts have heard of the Chainalysis firm by now. This company specialized in blockchain analysis services, with a primary focus on Bitcoin. That situation has come to change, as other currencies are now supported as well. Additionally, the company has unveiled its Know Your Transaction solution, which is also quite interesting. Chainalysis Continues to … Read more
The blockchain surveillance company Chainalysis has announced it has raised $16 million USD in a Series A funding round from the firm Benchmark. Chainalysis also reveals it will be stretching its monitoring software efforts towards the bitcoin cash network and hopes by the year-end the platform will cover ten different public blockchains. Also read: Russians … Read more
A British news agency teamed with Chainalysis to uncover just how rampant cryptocurrency Twitter scams are and the methods employed. Using well-regarded tech personalities such as Elon Musk, tens of thousands dollars have been swiped from unsuspecting admirers. Also read: Bitcoiners Demand More Crypto CFDs and Spread-Betting in the UK No, Elon Musk Is Not … Read more
As everyone knows, bitcoin has dropped roughly three-fold from its December peak. At the height of the mania it touched $20,000 but has since fallen to as low as $6,000. The question of what caused the great decline is one that most bitcoiners have an opinion on. In a bid to settle the matter once … Read more