Crypto No More? EU Plans Database Linking Users to Wallets
Bitcoin will lose all anonymity in the European Union if governments accept proposals to make exchanges store user IDs and wallet addresses in a central database. Crypto Becomes Fiat In Sheep’s Clothing. The concept, put forward by the European Commission allegedly as an anti-terrorism measure, means transactions and wallets will be directly linked to people’s identities. The EU Commission delivered the idea despite Interpol previously highlighting that terrorists actually use cryptocurrencies very little to carry out criminal acts. “Despite third party reporting suggesting the use of....
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A group of Russian hackers that managed to steal CNET's user database has made that information available for bitcoin, in what seems like a publicity stunt. The group, which calls itself 'wOrm', says the database contains the accounts of more than a million users, including their usernames, emails, passwords and other information. The asking price for the source code and the database was 1 BTC, roughly $615 at the time of writing. However, CNET was later told that the group has no plans to decrypt the passwords or to complete the sale of the database. The offer, which was apparently made....
A new report by an open-source advocacy group has found that bitcoin users still face major threats to their privacy. The Open Bitcoin Privacy Project (OBPP) published its latest study today, which explores the state of bitcoin privacy throughout 2016 and identifies key vulnerabilities in the ecosystem. Composed of developers and researchers in the bitcoin space, OBPP has previously weighed in on user privacy issues related to bitcoin wallets, releasing two editions on the subject since 2015. The newest report identifies four major threats that confronted bitcoin users over the past year.....
“This will enable people to connect their digital wallets once to either app in order to share their digital collectibles across both,” said Meta. Facebook and Instagram users can both post nonfungible tokens, or NFTs, and digital collectibles to their accounts by linking their wallets.In a Monday update to a May 10 blog post, Facebook’s parent company Meta said the social media platform’s roughly 2.9 billion users would have the ability to share digital collectibles and NFTs. The announcement followed an Aug. 4 update in which Meta said Instagram users across 100 countries could post....
Since its beginning, Bitcoin ATMs have shown to be a significant tool in nations where they are implemented. Traders may instantly deposit or withdraw crypto assets into their wallets by linking them to these money-dispensing machines. As we approach the midpoint of 2022, the year is not shaping up to be the best for Bitcoin […]
When the Patreon database hack was announced, the technology industry was once again reminded why centralized solutions are not the way forward. Not only have customer email addresses been leaked, but also physical addresses and even private conversations on the platform. To make matters even worse, the entire database has now been published on the Internet, available for everyone to see. Whenever a company’s database is hacked, there is a rightful cause for concern. Especially when that company is a crowdfunding platform like Patreon, serving customers from all over the world. According....