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Anonymity News

Using digital money such Bitcoin and doing any kind activity with it is considered to be absolutely anonymous. Perhaps, there are some seeds of doubt that will help explain the real level of cryptocurrency anonymity.
Firstly, all transactions are registered immediately in the blockchain public network and its users can see money transactions between accounts. It is a complex task to find a user, because all transactions are unnamed, having only special numbers. However, if somebody knows the numbers of one user it becomes easier to find out the others. In order to promote security, all operations have unique numbers. Secondly, the leak of information is possible during hacking attacks during the mining stage. Thirdly, the use of unverified exchanges might be one of the reasons for stolen information. To avoid this, all users should use proven companies, exchanges and platforms.

Follow up
With the launch of Aztec, the Ethereum blockchain can finally become anonymous. What does this exactly mean, and how do we use it?
Aztec at Its Core: A Solution to Make Ethereum Transactions Anonymous
Julia Magas
2020-02-11T03:30:00+00:00
6376
News
Total darknet market sales in crypto hit a new high in 2019, for the first time surpassing $600 million, according to a new study by Chainalysis.
Crypto Payments on Darknet Markets Doubled for First Time Since 2015
Helen Partz
2020-01-29T13:20:00+00:00
6135
Analysis
The U.K.’s tax agency is stepping up its blockchain analytics operations. If other countries follow, will it spell the end for anonymity in crypto?
Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
Joseph Birch
2020-01-25T21:27:00+00:00
5863
Analysis
As the 5AMLD is signed into law, turbulent times lie ahead for the crypto industry, experts discuss the changes.
New EU AML Compliance Laws Could Disrupt the Crypto Industry
Joseph Birch
2020-01-18T02:02:00+00:00
8192
Analysis
On Jan. 1, China’s law governing cryptographic password management came into power. What does it mean?
China Prepares for CBDC With Cryptography Law on Encryption Standards
Stephen O'Neal
2020-01-10T03:00:00+00:00
5821
News
Coinbase CEO Brian Armstrong believes that a “privacy coin” go mainstream in the 20s.
Coinbase CEO Brian Armstrong Says 20s Will See an Anoncoin Go Mainstream
Adrian Zmudzinski
2020-01-05T11:30:00+00:00
20868
Opinion
What are the key advantages and disadvantages of CBDCs?
The Financial System of the Future — Who Benefits From CBDCs?
Marcello Minenna
2020-01-01T16:45:00+00:00
4069
News
Zcoin launched a new platform designed to serve as a shift from direct funding from the block reward to a donation model.
Privacy-Focused Zcoin Launches Funding Project Similar to Monero CCS
Helen Partz
2019-12-26T20:16:00+00:00
3301

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