As much as we love the convenience of the internet, our privacy is at great risk whenever we go on social media, check our credit reports, grab a ride, or simply log into a fitness app. Our need to protect our information encompasses much more than financial transactions with a few cryptocurrencies. In the United States alone, the staggering number of data breaches shows the need for a better privacy solution, and zk-SNARKs or zk-STARKs are poised to fill that need. This year, the Cambridge Analytica data mining scandal affected more than 87 million Facebook users, and the WSJ predicts its repercussions will be huge. LastPowered by WPeMatico
Privacy coins are meant to be private. That’s their raison d’être. Strip away the privacy, and they simply become altcoins, and dangerous ones at that, with the potential to deanonymize their users and expose their secrets. A number of recent reports have cast doubt on the privacy features offered by coins such as zcash and […]
The world’s most famous whistleblower, Edward Snowden, gave a dynamic, wide-ranging interview to Peter Van Valkenburgh during Blockstack Berlin 2018. Mr. Snowden discussed ongoing issues of privacy and cryptocurrency, his preferences, and revealed how bitcoin helped him in his most historic hour. He also took the opportunity to chide growing crypto tribalism, calling out maximalists, […]
The NEM Foundation has announced it will no longer track cryptos stolen from the Japanese exchange Coincheck. The Singapore-based organization said it had provided law-enforcement agencies with information from its investigations. It did not explain its decision to end the tracking efforts. According to some estimates, half of the NEM coins that disappeared in the […]
More interesting developments are happening in the world of cryptocurrency. Coincheck has made a lot of major headlines in the past few months. The company was recently hacked and is now dropping support for anonymity-oriented currencies altogether. It’s a rather surprising development, although one that is easily justified. More Coincheck Developments The main reason people are focused on the Coincheck exchange right now is its recent hack. Around 500 million NEM was stolen from the company, and the hackers have seemingly vanished without a trace. Rumor has it that some of this stolen money has been laundered through various means, including darknet
Coincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted already on the darknet, […]
The peer-to-peer mobile payment service, Abra announced the integration of 20 new cryptocurrencies and 50 fiat currencies into the firm’s app with real-time exchange features. Today the company is rolling out 13 new digital assets and will release the remainder over the next week. Also read: Google Bans Crypto Ads: No Currencies, ICOs, Exchanges, Wallets, Advice […]