‘Digital Mercenaries’: Why Blockchain Analytics Firms Have Privacy Advocates ...

‘Digital Mercenaries’: Why Blockchain Analytics Firms Have Privacy Advocates ...

Blockchain surveillance highlights the tension between further crypto transparency that encourages wider adoption and its cypherpunk roots.


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Chainalysis and Texas firm win million-dollar IRS contract to crack Monero

The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols. On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC.The IRS initially publicized its quest for a privacy-busting analytics solution at the beginning of the month. An IRS representative told Cointelegraph that the agency had selected the two winning firms out of a field of 22 proposals received, though the only rationale the....

Iris Scanning Worldcoin Idea Fuels Objections From Privacy Advocates — Snowde...

During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and whistleblower Edward Snowden slammed the project’s creators and said “don’t catalogue eyeballs.” Worldcoin Turns Heads in the Crypto World as It Wants to Scan Your Eyeballs in Exchange for Free Crypto There’s a new....

Illegal Bitcoin use is down, but privacy wallet laundering is up, says analyt...

2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements. Elliptic, a leading firm in blockchain analytics, has found major shifts in recent trends in illicit crypto usagPer the firm's Dec. 9 study, the proportion of Bitcoin transactions that the firm has linked to criminal activity is way down, certainly relative to its 2012 peak:Nonetheless, bad actors continue finding new ways of placing ill-gotten gains via crypto. Elliptic noted a slight rise in crypto mixing usage, but a major increase in privacy wallets:Increasing legal pressure and criminal....

Chainalysis Inks Bitcoin Analysis Deal With Europol, Irks Some Privacy Advocates

Chainalysis signed an agreement with Europol on Friday that paves the way for the European law enforcement agency to use the New York-based company’s blockchain analytics tools to investigate criminals who use Bitcoin. The deal between Europol and Chainalysis comes just days after news broke about a high-profile ransomware attack against Hollywood Presbyterian Medical Center. The attacker froze the hospital’s computer systems for 10 days and demanded 40 bitcoins, about $17,000, to restore service. The brazen attack and the hospital’s decision to pay the ransom has renewed the debate about....