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Tag Archives: bitcoin

Platforms with Bitcoin and Co. are to register their users in a central database, according to the EU Council.

Bitcoin Vs Sovereign Money As Tools For Monetary Reform

No one can deny the fact that the global economy is experiencing a crisis that necessitates a brilliant reform plan. It is in arguable that an effective remedy should be aimed at alleviation of the diagnosed problems. Despite the apparent independance of most of the world’s central banks, “politization” of money is one of the main catalysts of the current ... Read More »

Dutch Public Prosecutor Fights Against Bitcoin Money Laundering

According to a survey conducted by the media outlet fd.nl, the Dutch Public Prosecutor (OM) is waging a war against criminal traders and exchanges of bitcoin. The Dutch OM is looking forward to at least three BTC money laundering criminal cases in 2017. Bitcoin trading has always been legal. The cryptocurrency had seen a 28 percent increase from 2015 to ... Read More »

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Bitcoin Price Analysis January 16, 2016

Beijing Now Controls the Price of Bitcoin Bitcoin kicked off the new year at lofty levels of $1139, inches away from gold parity – depending on which exchange you looked at. The digital currency surprised critics last year, scooping pole position for best performing currency and commodity class of 2016. Bitcoin investors took home 125% returns at close of December ... Read More »

Bitcoin news roundup January 15, 2017

This week’s summary of various cryptocurrency news and developments: New developments: New court filing shows Coinbase is ready to fight the IRS The IRS’ attempt to obtain Coinbase’s user records was contested by Jeffrey Berns Esq. The IRS and DOJ wanted to stop Mr. Berns from interfering in the summons, arguing he had no legal basis as reported by Deep ... Read More »

Atomic Verification Via Private Key Locked Bitcoin Transactions

The smart contract technology permits the creation of new protocols that can be implemented on top of bitcoin’s protocol itself. This signals the development of complex scripts, that are far beyond the requirement of a single digital signature. A research paper, which has been published a few days ago, introduced a new concept of private key locked bitcoin transactions, which ... Read More »

Irish Firms Hit With $22 Million in Cyber Frauds, None Involving Bitcoin

Major public corporations and government agencies in Ireland were hit by US$23 million cyber frauds in the past year. Over 20 cyber attacks are being investigated by the Garda National Economic Crime Bureau (GNECB), but interestingly, there are no reported cases of bitcoin involvement. Over the past two years, various law enforcement agencies and governments including Interpol and the government ... Read More »

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Bitcoin Price Analysis For January 8th, 2017

Bitcoin price continued rising during the past week to score a high of around $1139.89 on bitstamp last Wednesday. Just after the week’s high was recorded, a downwards price correction wave pulled price down to a low of $812, before rising again to $903 at the time of writing of this article. So, the bullish wave, that has been fueling ... Read More »

Bitcoin news roundup January 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitstamp has raised over $1.8 million in ongoing funding campaign Luxembourg-based bitcoin exchange Bitstamp has an ongoing funding campaign on the BnKToTheFuture platform, where it has already raised over €1.7 million ($1.8 million), out of a planned $1.2 million and the campaign isn’t over yet, as it will last ... Read More »

EU Council Requests The Registration Of Bitcoin Users

The European Council seeks to introduce an anti-terrorism measure that will ensure a stricter handling on cryptocurrencies, such as Bitcoin, Litecoin, and Ripple. If the motion gets accepted by the heads of state and the governments of the member countries, the listed currencies will be managed by the EU Anti-Money Laundering Directive. According to the German media outlet heise.de, the ... Read More »

Indian Government is Preparing to Fight Digital Black Economy Involving Bitcoin

Indian Prime Minister Narendra Modi’s government devised one of the country’s worst financial catastrophes to date, as the general population struggle to finance daily living amid severe shortage of cash. The Indian government’s demonetization of two most widely used banknotes and confiscation of gold has pushed people to search for alternative stores of value like bitcoin. However, mainstream media reports ... Read More »

Zero Collateral Lottery Tournaments Using Bitcoin and Ethereum

The great thing about creating lotteries using cryptocurrencies is that there will be no need for any collateral from players participating in the lottery. Previous cryptocurrency lottery protocols needed a security deposit that is presentable via the formula O(N2) > the bet amount where N represents the number of players. The “N-player commitment lottery” protocol, which we will present throughout ... Read More »

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The Bayesian Method For Deanonymising A Large Percentage of Bitcoin Transactions

Although bitcoin is famous for its anonymity level, it is agreed that it is not completely anonymous as there are multiple ways for tracking the sender of bitcoin transactions in most cases. We will discuss the Bayesian method for identification of bitcoin addresses throughout this article. The Bayesian method for identification of bitcoin addresses can be broken down into 3 ... Read More »

Bitcoin news roundup December 31, 2016

This week’s summary of various cryptocurrency news and developments: New developments: The IRS and DOJ want to stop Coinbase customer from interfering in its summons After the IRS filed a “John Doe” summons targeting Coinbase in an attempt to access its user records on November 17, a battle ensued in which Coinbase is attempting to defend the privacy of its ... Read More »

Citizens Turn To Bitcoin in the Wake of Global Demonetization

The process of demonetization is currently underway on a global-scale with several currencies seeing restrictions in both the circulation and use of national banknotes. India was the first and the most predominant example of the demonetization fiasco that is now plaguing several countries across the globe in what is being called a bid to fight corruption and money laundering. Countries ... Read More »