Connect with us

Blockchain

Making your Bitcoin Transactions Truly Anonymous

Avatar

Published

on

Making your Bitcoin Transactions Truly Anonymous

Advertisement &  & 

Bitcoin’s founder, the famously anonymous Satoshi Nakamoto, holds the ability to keep your dealings private in high regard. But while Satoshi has been able to remain in the shadows, most other BTC holders are much easier to track down.

Bitcoin is not as anonymous as many people in the cryptocurrency community are led to believe. In fact, it could be quite easy to track an address and connect identity to it. Satoshi Nakamoto himself explained the ways people get outed on the blockchain. 

“The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then you’re associating that address and any transactions with it with the name you posted under. If you posted under a handle that you haven’t associated with your real identity, then you’re still pseudonymous.”

Simply put, all the transactions on the blockchain are visible for anyone to see. At any point if you allow your address to be known to the public, you’re transactions will be able to be viewed. 

This is where Bitcoinmix.org comes in. Bitcoin mixers, or tumblers as they are also referred to, are tools that users can use to help conceal their identities and gain more financial privacy. By using Bitcoinmix.org’s services you can make it hard for outside parties to view your transactions because they literally get mixed in with others. 

Advertisement &  & 

When you send your BTC to Bitcoinmix.org they take a small fee to send you an equivalent amount of BTC from other transactions to your new secret address. The fees are between 2 and 5 percent, and users can actually choose how much they pay to move your transaction up on the priority list. Users of Bitcoinmix.org are also safe from data collection. No logs are stored, so there is no information to offer possibly nefarious parties. And the system is fully automated which allows the information to be set for removal without any human eyes viewing it. 

From companies or governments blocking your services to creepy stalkers trying to track you down, there is no shortage of reasons to enhance your privacy with a Bitcoin mixer. 


Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/making-your-bitcoin-transactions-truly-anonymous/

Blockchain

Ethereum Price Moves up to $1,200 as Demand Threatens to Outstrip Supply on Exchanges

The price of Ethereum, the second-largest cryptocurrency by market capitalization, has moved back up to the $1,200 mark after falling below $1,000 earlier this week at a time in which outflows from cryptocurrency exchanges suggest demand could outstrip supply. According to Nuggets News’ Alex Saunders, data shows that exchange reserves have fallen by 3 million […]

Avatar

Published

on

The price of Ethereum, the second-largest cryptocurrency by market capitalization, has moved back up to the $1,200 mark after falling below $1,000 earlier this week at a time in which outflows from cryptocurrency exchanges suggest demand could outstrip supply.

According to Nuggets News’ Alex Saunders, data shows that exchange reserves have fallen by 3 million ETH over the last two days, with 1 million ETH leaving crypto trading platforms on January 14, and 2 million leaving them the following day.

Saunders shared data from on-chain analytics firm CryptoQuant and pointed out that at this rate exchanges could soon run out of ETH.

Price predictions for ETH have been extremely bullish – with former Goldman Sachs executive and Real Vision CEO Raoul Pal saying he believes Ethereum could go to $20,000 this cycle based on Metcalfe’s law – and as such Saunders believes HODLers will not be selling their funds between $1,000 and $2,000 per ETH.

Some other data providers seemingly show that Ethereum reserves on cryptocurrency exchanges have dropped by 42.5% since mid-May. The analyst interprets the data as suggesting an incoming bull run to a new all-time high for ether, as “we all know what happened when demand outstripped supply of BTC.”

The price of bitcoin surged from about $12,000 to a new all-time high near $42,000 after reserves on exchanges dropped by about 4.5% and corporate adoption surged as MassMutual, MicroStrategy, Square and others bought BTC as a hedge against inflation and currency debasement.

Rafael Schultze-Kraft, CTO at data firm Glassnode, countered Saunders saying his data was “nonsense,” saying that a sudden drop of over 2 million ETH from a cryptocurrency exchange weren’t withdrawals, and that “exchange flows are completely within their normal range.”

It’s believed the 2 million ETH were moved to a new Bitfinex cold wallet for Ethereum that cryptoQuant did not account for. That, however, does not explain the 1 million ETH outflows seen the day before.

It’s worth noting that the decentralized finance (DeFi) space has been booming, and more Ethereum users could simply be withdrawing their funds to interact with these protocols on-chain.

Featured image via Unsplash.

Continue Reading

Blockchain

DOGE Breaks Out and Aims for Prices Above $0.01

This is a short/medium-term analysis. For a longer-term analysis, click here. Breakout and Retest DOGE has been decreasing alongside a descending resistance line since Jan. 2, when it reached a high of $0.014. After three unsuccessful attempts, it finally broke out on Jan. 14. However, DOGE has failed to increase significantly since the breakout, and … Continued

The post DOGE Breaks Out and Aims for Prices Above $0.01 appeared first on BeInCrypto.

Avatar

Published

on

The Dogecoin (DOGE) price has broken out from a descending resistance line that had been in place since the beginning of Jan. DOGE should continue increasing towards $0.018 and possibly $0.021.

This is a short/medium-term analysis. For a longer-term analysis, click here.

Breakout and Retest

DOGE has been decreasing alongside a descending resistance line since Jan. 2, when it reached a high of $0.014. After three unsuccessful attempts, it finally broke out on Jan. 14.

However, DOGE has failed to increase significantly since the breakout, and is currently trading between support and resistance at $0.008 and $0.01, respectively.

The latter is the 0.5 Fib retracement level of the entire downward move and a horizontal resistance area, so a breakout above would confirm the bullish trend.

Technical indicators are bullish and support the possibility of a breakout.

Breakout
Chart By TradingView

The shorter-term two-hour chart further strengthens the possibility of a breakout.

DOGE has been following a short-term ascending support line since Jan. 11 and has flipped the $0.009 support level.

As long as DOGE is trading above these two levels, the short-term trend is bullish.

Short-Term
Chart By TradingView

Doge’s Wave Count

Cryptocurrency trader @DlinkBull outlined a DOGE chart showing a parallel channel. They suggest an increase toward $0.03.

As seen in the first section, DOGE has already broken out from the resistance line of this channel.

DOGE Breakout
Source: Twitter

DOGE seems to have begun a bullish impulse at the beginning of March (shown in white below), currently trading in wave 3.

The sub-wave count is given in orange, and DOGE is likely in the fifth and final sub-wave. A fall below the sub-wave 1 high at $0.0044 would invalidate this particular wave count.

Sub-wave 5 should end between $0.0181-$0.0184, a target found using an external retracement on sub-wave 4 and projecting the length of sub-waves 1-3 to the bottom of 4.

Afterwards, the entire impulse would likely complete at $0.021, the 4.61 Fib extension of wave 1.

DOGE Wave Count
Chart By TradingView

Conclusion

To conclude, DOGE’s rate of increase should accelerate once it moves above $0.01, with a possible target of $0.018.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here!

Disclaimer: Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. The views expressed in this article do not reflect those of BeInCrypto.

Share Article

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

Follow Author

Source: https://beincrypto.com/doge-breaks-out-and-aims-for-prices-above-0-01/

Continue Reading

Blockchain

Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know

Avatar

Published

on

Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.

With this in mind, below is a comprehensive summary of what happened and what to expect on this date.

The NYAG v. iFinex Case: What Happened?

Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency exchange Bitfinex lost $850 million and then used funds from its affiliated stablecoin operator Tether (the company that issues USDT) to cover the shortfall.

As CryptoPotato reported, later on, Tether issued a statement through a blog post which said that the allegations were written in “bad faith” and were also “riddled with false assertions.”

In May 2019, Judge Joel Cohen granted a partial stay on the NYAG office’s request for documents from the two companies until their hearing takes place on July 29th. During that hearing, the judge on the case, Joel Cohen, decided to extend the preliminary injunction as he was not ready to make a final decision on whether the case should go forward or be dismissed. Hence, he extended that injunction by 90 days.

In August, however, the NYAG presented new evidence on the case, alleging that apart from covering up the $850 million, Bitfinex and Tether had served New York customers for longer than they claimed. In part, the document stated:

The OAG has uncovered substantial ties between Respondents and New York concerning Respondents’ corporate operations; trading on the Bitfinex platform; the issuance, redemption, and trading of tethers; use of financial institutions to move money and process customer deposits and withdrawals; and representations to the market that might have been misleading.

Essentially, the NYAG also attacked Bitfinex’s LEO initial exchange offering, claiming that it “has every indicia of a securities issuance subject to the Martin Act, and there is reason to believe that the issuance is related to the matters under investigation,” meaning the alleged cover-up.

Additionally, the NYAG called iFinex’s motion to dismiss “an improper attempt to impede a lawful investigation.”

The Order to Turn in Documents

In September 2020, Judge Cohen ruled that Bitfinex and Tether must turn over documents detailing their financial relationship and history to the NYAG’s office. In addition to that, he also extended an injunction that barred Tether from loaning funds to Bitfinex by 90 more days.

However, on December 9th, 2020, Letitia James, the Attorney General, filed a document, asking Justice Cohen to extend the deadline to January 15th, 2021. James said that “the parties continue to cooperate on the production of documents in response to the 354 Order, and anticipate that the production could be finalized in the coming weeks.”

Why the January 15th Deadline is Important?

With this, we arrive at the time of this writing and the importance of the January 15th deadline. There are a few reasons for which this is a critical point in this case. First, it requires that iFinex produces the necessary information for the NYAG to continue its investigation and to further substantiate the merits of its claims.

And perhaps what’s even more important, however, is the nature of the documentation. In essence, iFinex has to produce materials on the process by which they determine whether, when, and how to issue and redeem tethers, banks, documents, and communications regarding specific issuances and redemptions, as well as trading activity on the Bitfinex trading platform regarding tethers and bitcoin.

This is a landmark case for the entire cryptocurrency space as USDT is the most popular and biggest stablecoin on the market. The company issuing it has been involved in many scandals in the past, with many questioning the fact that it’s actually backed by USD.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.


Source: https://cryptopotato.com/tether-usdt-january-15th-deadline-on-ifinex-case-everything-you-need-to-know/

Continue Reading
Blockchain4 days ago

IOTA blockchain used to track COVID-19 test results at Frankfurt Airport

Blockchain5 days ago

Gab Promotes Bitcoin as the Platform is Swamped After Trump Ban

Blockchain3 days ago

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

Blockchain4 days ago

Bitcoin Reclaims Key Support Level After Drop to $34,500

Blockchain3 days ago

Bitcoin News Roundup for Jan. 12, 2021

Blockchain3 days ago

ICM.com Bridges Gap Between Crypto and Oil Markets with BTCOIL

Blockchain4 days ago

Bitcoin News Roundup for Jan. 11, 2021

Blockchain5 days ago

Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge

Blockchain5 days ago

Alipay WeChat Crackdown, is a Bitcoin Revival Coming to China?

Blockchain3 days ago

Cardano’s Mary hard fork to offer native multi-asset support in February

Blockchain4 days ago

Elon Musk Doesn’t Mind Getting His Salary in Bitcoin

Blockchain3 days ago

German authorities take down DarkMarket, allegedly the world’s largest Dark Web marketplace

Blockchain3 days ago

Bitcoin faces uncertainty of “tapering”, hints Fed Chair

Blockchain4 days ago

HSBC Bank Restricts Its Users From Making Crypto Transactions

Blockchain3 days ago

Tron Is Out, Dai Is Back: CoinDesk 20 List Updates for 2021 Q1

Blockchain5 days ago

European eToro Traders Call Foul Over Closure of Leveraged Crypto Contracts

Blockchain4 days ago

Stacks 2.0 To Bring Dapps And DeFi To Bitcoin

Blockchain3 days ago

Bitcoin Will Be Analogous to Amazon, Mark Cuban Compares Crypto to the Dot-Com Bubble

Blockchain3 days ago

Michael Saylor Announces ‘Bitcoin for Corporations’ Educational Event

Blockchain3 days ago

JP Morgan Warns a US Bitcoin ETF Could Bust BTC Prices in the Short Term

Blockchain3 days ago

Fidelity doubles down on Hong Kong crypto operator

Blockchain5 days ago

Crypto Holders in the UK Cannot Deposit Profits in Banks

Blockchain3 days ago

Telegram Sees 25 Million New Users in 72 Hours

Blockchain5 days ago

Bitcoin, ETH, Ripple, Interactive Brokers Record DARTs: Editor’s Pick

Blockchain5 days ago

A New Malware Working On Windows, Linux, and MacOS Targets Your Cryptocurrency: Report

Blockchain4 days ago

Bitcoin Suffers Large Correction After Heavy Selling Causes Long Squeeze

Blockchain3 days ago

Ruffer Investment: Bitcoin Is ‘A Unique Beast as an Emerging Store of Value’

Blockchain5 days ago

China’s Lucky 8: The Most Innovative People in Crypto

Blockchain3 days ago

Peter Schiff Tosses Claims of False Institutional Bitcoin (BTC) Purchases, T. Winklevoss Rebuts

Blockchain5 days ago

Morgan Stanley Eyeing Bitcoin With Latest Acquisition

Blockchain5 days ago

Winklevoss’ 7-Year Bitcoin Price Prediction Comes True As Max Keiser Envisions $220,000 By Dec 2021

Blockchain5 days ago

Bitcoin Plunges As Low as $34,500: What Are Analysts Saying?

Blockchain5 days ago

A Beginners Guide to Cryptocurrency Triangular Arbitrage

Blockchain3 days ago

What is USDC? Beginner’s Guide (2021)

Blockchain5 days ago

ECB Asks For Opinions on Digital Euro

Blockchain4 days ago

Bitcoin (BTC) Tanks Over 10% Below $36,000 Amid Huge Miner Selling Pressure

Blockchain3 days ago

An Upcoming Public Sale on Polkastarter Follows e-Money’s Successful DEX Launch

Blockchain3 days ago

This Project May be Fiat’s Layer 2 Solution

Blockchain3 days ago

HSBC Blocks Transactions From Crypto Exchanges

Trending