Why I'm Fighting the IRS's Bitcoin Privacy Invasion
On 30th November, 2016, a federal court issued an order allowing the IRS to serve an unprecedented summons on Coinbase, Inc, a cryptocurrency exchange, seeking the identities of each of the company's millions of US customers and essentially every piece of information in the company's possession concerning those customers. As a consumer protection and class action attorney (as well as a cryptocurrency and blockchain entrepreneur), I am deeply concerned about the potential impact that Coinbase's disclosure of this information could have on the burgeoning industry. I am also troubled by the....
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People all over the world have been seeing photographs and videos of Ukrainian civilians taking up arms alongside military soldiers, ready to protect their nation against Russia’s ruthless invasion, for nearly two weeks. Ukraine, however, is fighting Russia on a second front – in cyberspace — away from the cameras. Since the beginning of the […]
“This proposal, if adopted, would prove to be an invasion of privacy." Since the U.S. Federal Reserve and Financial Crimes Enforcement Network opened a proposed rule to acquire more information on smaller international transactions, many crypto users have labeled the measure as an invasion of privacy.On Oct. 23, the regulatory agencies published a notice of a proposal to modify a long-standing rule in which financial institutions in the United States are required to exchange client information for all international transactions greater than $3,000. The proposal — which includes....
Preventive measures must be employed by internet users, especially within the crypto ecosystem, to conquer existing threats to personal privacy. CoinTelegraph has collected the most important ones. Most internet users who complain about privacy invasion and security breaches admit to certain careless actions on their side. Such actions range between acts of negligence and curiosity. Inadequate and out of date security setups on devices usually leave users exposed. Visiting untrusted sites and clicking on links that you are not sure of are also careless acts that can expose devices to bugs....
Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
Darkcoin, which was launched at the beginning of this year, has been on a bull run recently jumping from US$1.65 last Thursday to US$2.86 at the time of writing. Its market capitalization has also ballooned from US$7 million to almost US$12 million today. The idea behind Darkcoin is, first and foremost, privacy. This cloak-and-dagger approach might sound like a redundant feature to some as many believe that Bitcoin provides users with complete anonymity, but this is not technically true. “I believe the central problem with Bitcoin is that the public ledger, although a remarkable....