US Govt Backed Research Develops Bitcoin ‘De-Anonymization’ Tool
The U.S. Department of Homeland Security (DHS) Science and Technology (S&T) directorate is backing Sandia research with the creation of an analysis tool designed to overcome bitcoin challenges to assist law enforcement. As bitcoin becomes an increasingly accepted form of payment in our day-to-day lives, law enforcement are realizing that they need to utilize innovative approaches that will aid them in their money-laundering and cyber theft investigations. However, their number one priority is to reduce the time spent on tracking illegal operations. According to lead researcher for....
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The Australian Accounting Standards Board (AASB) has called for new standards for digital currencies like bitcoin after determining a lack of clarity and guidance on digital currencies in the International Financial Reporting Standard (IFRS) by the International Accounting Standards Board (IASB). The AASB, a government agency that develops and maintains financial reporting standards relevant to private and public sectors of the Australian economy, published a new paper in the weeks leading up to a December meeting, titled “Digital Currency – A case for standard setting activity” [PDF]. In....
Businesses in Switzerland working on an ethereum-based over-the-counter (OTC) trading platform say they have completed work on a new privacy solution. Launched in September, the consortium includes a number of Swiss companies amongst its ranks, including telecom operator Swisscom, exchange operator SIX and Zürcher Kantonalbank, the country’s fourth-largest bank. The group is receiving support from Switzerland’s Commission for Technology and Innovation (CTI), a research organization supported by the federal government. Now, the companies have jointly developed what they call an....
A federally funded research lab run by Lockheed Martin is developing a bitcoin analytics tool for the US Department of Homeland Security (DHS). The project, first detailed in a 19th August newsletter published by Sandia National Laboratories, marks a continuation of previously detailed efforts at the DHS. The project is being funded by the DHS Science and Technology Directorate, which late last year issued a call for blockchain research. Thus far, the bitcoin project appears to be in the early stages – Sandia has reportedly created a set of "requirements" for an analysis tool and....
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The University of Maryland, Cornell, and the University of California Berkeley will be conducting cryptocurrency research backed by $3 million in funding from the National Science Foundation, a US government agency that supports and funds scientific research. According to principal investigator Elaine Shi, the universities will be focused on developing new cryptocurrency systems that can address "pain points" in bitcoin and other digital currency networks. Cryptocurrency Research Scope. This wide-ranging research, which is entitled The Initiative for Cryptocurrency and Contracts (IC3),....