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Tag Archives: bitcoin

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 »

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Indian Middleman Charged With Money Laundering For Trading Bitcoin

A bitcoin trader was arrested in India and charged with money laundering last Sunday. A group of undercover journalists from India’s Today reported that they lifted the shades off a small “internet broker” that offered exchange of India’s demonetized banknotes, the 500 and 1000 rupees, to bitcoin. According to the Indian police, a man named, Vijay, used a small shop ... Read More »

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Phishing Attacks on Bitcoin Wallets Surge as Bitcoin Price Skyrockets

During the past 24 hours, bitcoin price exceeded the $900 mark for the first time during the past 3 years. The reason behind this recent price surge is not completely clear, especially that the value of bitcoin has increased by more than 100% in less than 6 months. Whenever the price of bitcoin surges, cybercriminals’ interest in cryptocurrencies in general ... Read More »

Bitcoin news roundup, 24 December 2016

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoin is a trending top as we close in on the end of the year Bitcoin’s price has been booming, and that made it a trending topic all over the world as news outlets report on the increase. Google and Baidu show us that Venezuela, Brazil, Nigeria and India ... Read More »