New EU Law To Force Anonymous Crypto Users To Reveal Identities
Bitcoin has seen a recent drop as a result of new in-the-works crypto legislation being passed by the EU. Though it is sometimes difficult to determine what exactly caused a given decline in Bitcoin’s price, the most recent reduction in price is most likely due to upcoming legislation, tweets and statements by the EU’s Commissioner […]
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Although anonymous teams have built some of the leading infrastructure in crypto, many new participants in the ecosystem are using their real identities. Crypto has inherited many values that were popularized in the early days of the internet. Many participants in the crypto space have been anonymous since the beginning of Bitcoin (BTC), since using this digital money offers a certain degree of anonymity so long as nobody knows the public address of the user. The true identity of its creator, Satoshi Nakamoto, remains unknown to this day.The most recent wave of innovation spearheaded by....
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....
If you are reading this then you probably already know plenty about Bitcoin. But here are ten bite-sized facts that you can drop into conversation, to pique the interest of and impress non-crypto-savvy friends. Top 10 Amazing Bitcoin Facts. 10. Nobody knows who invented it. Well somebody does, but they’re not telling Who is Satoshi Nakamoto? Despite conjecture, investigations, spurious claims, junk, bunkum and hearsay, the identity of Bitcoin’s creator remains a mystery… or at least unconfirmed. And there’s something just a little bit cool about that. Long may it stay that way, say I. 9.....
Name: Reveal. What it is: A social networking question-and-answer app for mobile. Who's behind it: Led by the former founders of Kindr and gossip website JuicyCampus, Reveal has raised $1.5m from Boost VC and Digital Currency Group, among other investors. Cost: Free. Date launched: 16th June, 2015. Basic summary: Reveal is a SnapChat-like social network that allows users to ask questions and answer via photo or video. The social network uses reveal coin, an asset on the Stellar network, as its "currency of attention", allowing users a means to incentivize interaction. CoinDesk rating:....
How private is Bitcoin? On the one hand, it is entirely anonymous. On the other, it is completely transparent and trackable. How can that be - and what does it mean for privacy? Incumbent Bitcoin exchange Mt Gox recently imposed authentication rules on people trading fiat currencies on its network. The rules - which didn't apply to people trading only in bitcoins - require people to verify their identities. There may not be any such requirements on native bitcoin users yet, but it highlights the issue of privacy. Many people using Bitcoin don't want others to know who they are. The....