‘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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As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.
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....
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....
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....
The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future calls the ban “a threat to the future of financial privacy.”
Advocacy Group Fight for the Future Says US Government Threatens Financial Privacy — ‘There Are Many Legitimate Reasons to Seek Anonymity in Financial....