How Bitcoin Users Reclaim Their Privacy Through Its Anonymous Sibling, Monero

How Bitcoin Users Reclaim Their Privacy Through Its Anonymous Sibling, Monero

Bitcoin right now is not really anonymous. While Bitcoin addresses aren't necessarily linked to real-world identities, they can be. Monitoring the unencrypted peer-to-peer network, analyses of the public blockchain and Know Your Customer (KYC) policy or Anti-Money Laundering (AML) regulations can reveal a lot about who's using Bitcoin and for what. This is not great from a privacy perspective. For example, Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much they own; similarly, businesses may not want to leak transaction....


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Kraken Adds Anonymous Cryptocurrency Monero

Digital currency exchange Kraken has officially opened trading for monero (XMR). The decision marks the latest validation for the privacy-oriented digital currency, which in 2016 found traction in appealing to users interested in transacting on dark markets or who otherwise desired, or believed there could be demand for, digital currencies with added privacy features. The digital currency has to date been picked up by notable darknet marketplaces, with AlphaBay announcing in August of last year it would accept the cryptocurrency and darknet market Oasis Market following suit.....

Is Bitcoin Anonymous? A Complete Beginner's Guide

Bitcoin is not anonymous, but, rather, pseudo-anonymous. By now, most Bitcoin veterans know this. It's less obvious to many, however, why Bitcoin is not really anonymous by default, and what can be done to de-anonymize Bitcoin users - and what Bitcoin users can do to reclaim their privacy. Below is an advanced beginners guide to get a better understanding of the nuances of Bitcoin and anonymity. How do Bitcoin transactions work? To better understand Bitcoin's anonymity, it's necessary to first understand how Bitcoin works on a basic level. Most importantly, the Bitcoin protocol effectively....

Kraken Includes Support for Monero Cryptocurrency

Kraken, one of the leading cryptocurrency exchanges now supports Monero trading. Kraken, one of the leading cryptocurrency exchange platforms has announced the inclusion of a new cryptocurrency offering. The exchange announced the new development in its latest blog post, published a few days ago. Monero, the anonymous cryptocurrency based on CryptoNight protocol has been exhibiting a promising trend in the cryptocurrency industry lately. Its inclusion into Kraken is going to offer the digital currency a much-needed boost to further improve its foothold in the market. Monero....

Leading Dark Net Markets to Support Monero

Privacy-centric cryptocurrency Monero (XMR) has been making waves in the community as of late. Most recently, it has been revealed that the digital currency will be used by leading Dark Net Markets. Oasis & Alphabay Will Implement Monero. According to a recent Reddit post on the Dark Net Markets (DNM) forum, Monero will be used by the Alphabay and Oasis marketplaces. Rumors suggest that more markets will add Monero in the near future as well. Of course, due to the news, Monero has climbed to the eighth position on Coinmarketcap.com, and its price has reached a high of $5.20....

Bitcoin is Not Anonymous and Lacks Privacy

Bitcoin is often advertised as an anonymous digital currency that offers a high level of user privacy. People can hide their identities behind a wallet address, and generate additional addresses if needed. But is Bitcoin as anonymous and privacy-centric as uneducated people assume? The answers might surprise you. Right now, there is a decent level of customer privacy in business. But it only exists on a conditional basis. In the current financial infrastructure, any bank can and will disclose any personal information if the government requests it. While this may not be of great concern for....

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Bitcoin is going to change the world from a money transactional standpoint not just for Africa, but for everywhere.

Akon, Recording artist and producer