Bitcoin's Privacy Gets 'Failing Grade' in 2016 Threat Report
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.....
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Bitcoin wallet providers haven't focused on increasing privacy to promote consumer financial independence and safety over the last year, according to the Open Bitcoin Privacy Project’s (OBPP) second edition survey. As no provider received a score of more than 50 out of 100, the OBPP suggests privacy work has stagnated within the bitcoin wallet industry and that improvements to these services are greatly needed. While new bitcoin wallet providers have begun adopting hierarchical deterministic (HD) architecture for advanced security, the OBPP contends that many privacy advances from 2014,....
For security agencies like the FBI there is no difference between Bitcoin and Monero regarding their use in the crypto market or the dark web, says Bitcoin Core Developer and Advisor to Coinkite, Peter Todd, to CoinTelegraph. All they want is “zero security systems with zero privacy.” Todd explains: “I will even word that a little differently: these people will only be happy when we have zero privacy security. Good security should give you good privacy - they're not separate concepts.” European Drug Report 2016 on Bitcoin and Tor. Todd’s view comes in the wake of a report by the European....
How private is your bitcoin wallet? The Open Bitcoin Privacy Project (OBPP), a global, not-for-profit organization devoted to improving financial privacy in the bitcoin ecosystem, attempts to offer some guidance with its Bitcoin Privacy Rating Report. OBPP has released its second edition of the report, scoring 20 wallets on their privacy features. The top ranking in this report goes to Ledger, which earned a score of 50 out of 100 possible points, based on usability, quality and feedback. OBPP’s goal is to make financial privacy visible so that users can make informed choices about privacy....
Nearly 1.2 million money-stealing malware incidents were discovered in Q3 of 2016. Additionally, over 821,000 unique device crypto ransomware attacks were successfully blocked. Every time a report related to ransomware is published, there is a growing reason for concern. Although the public knows about this threat, the number of attacks continues to increase. In fact, a new Kaspersky Labs report indicates things are starting to get out hand rather quickly. In Q3 of 2016, there have been 3.5 times as many ransomware modifications as before. Criminals seem to be enjoying themselves when it....
February 29, 2016 — The Open Bitcoin Privacy Project (OBPP) released its 2nd edition review of the “Bitcoin Wallet Privacy Rating Report.” Many wallets reviewed from last year have changed positions within the aspects of privacy, quality, usability, and customer feedback. OBPP consists of developer Justus Ranvier, security engineer Kristov Atlas, and....