Bitcoin2Silver.com : Bitcoin news and Domain names for sale

Providing Bitcoin-related news and Bitcoin domains for sale.

Please go to Buy This Domain to purchase these domain names:

BitcoinDeal.com, BitcoinCommerce.com, BitcoinGuns.com, BitcoinRetail.com, BitcoinRetailers.com, BitcoinSale.com, BitcoinSales.com, BitcoinTicket.com, BitcoinSellers.com, BinaryCoin.com, Bitcoin8.com, Bitcoin9.com, Bitcoinate.com, Bitcoing.com, Bitcoinize.com, Bitcoink.com, BitcoinU.com, Bitcoin4U.com, BitcoinUs.com, MegaBitcoin.com, OrBitcoin.com, Podcoin.com, CuBitcoin.com, Ramcoin.com, Pubcoin.com, Simcoin.com, TiBitcoin.com, Bitcoint.com, GigaBitcoin.com, SuperBitcoin.com, WeBitcoin.com, Bitcoin2Gold.com, Bitcoin2Silver.com, Bitcoin4Silver.com, silver2Bitcoin.com, silver4Bitcoin.com, silverBitcoin.com, BitcoinAccount.com, BitcoinAudit.com, BitcoinAuditor.com, BitcoinAudits.com, BitcoinBug.com, BitcoinBuyers.com, BitcoinCharge.com, BitcoinCheap.com, BitcoinClear.com, BitcoinCents.com, BitcoinDealers.com, BitcoinDimes.com, BitcoinHaven.com, BitcoinHedge.com, BitcoinLenders.com, BitcoinPip.com, BitcoinPledge.com, BitcoinRates.com, BitcoinSave.com, BitcoinSavers.com, BitcoinSavings.com, BitcoinSell.com, BitcoinSpread.com, BitcoinSwaps.com, BitcoinTicker.com, BitcoinTrend.com, BitcoinTrends.com, BitcoinWire.com, btcBanking.com, btcFund.com, btcTrades.com, cashBitcoin.com, CheapBitcoin.com, CheapBitcoins.com, clearBitcoin.com, deBitcoin.com, escrowBitcoin.com, escrowcoin.com, forexBitcoin.com, gold2Bitcoin.com, sendBitcoin.com, Bitcoinsure.com, Bitcoins4free.com, BitcoinBot.com, BitcoinBots.com, BitcoIntel.com, BitcoinCoder.com, BitcoinCoders.com, BitcoinDesk.com, BitcoinDev.com, BitcoinDns.com, BitcoinEmail.com, Bitcoinet.com, BitcoinHack.com, BitcoinHacks.com, BitcoinKeys.com, BitcoinLib.com, BitcoinLog.com, BitcoinLogin.com, BitcoinLogs.com, BitcoinPlugin.com, BitcoinServer.com, BitcoinSniffer.com, BitcoinTool.com, BitcoinTools.com, BitcoinAssist.com, BitcoinBackup.com, BitcoinCop.com, BitcoinCrypt.com, BitcoinConnect.com, BitcoinDonate.com, BitcoinDrop.com, BitcoinExperts.com, BitcoInform.com, BitcoinGuard.com, Bitcoinnect.com, BitcoinValet.com, BitcoinPolice.com, BitcoinCorp.com, BitcoinLaw.com, BitcoinMaker.com, BitcoinPad.com, BitcoinSearch.com, BitcoinService.com, BitcoinSpy.com, BitcoinStealth.com, BitcoinStorage.com, BitcoinStudy.com, BitcoinTest.com, remoteBitcoin.com, saferBitcoin.com, safercoin.com, fastBitcoin.com, BitcoinTrace.com, BitcoinTrack.com, quickBitcoin.com, simpleBitcoin.com, work4Bitcoin.com, Bitcointer.com, Bitcoinote.com, BitcoinLock.com, SatoshiNakamoto.com, BitcoinBlocks.com, BitcoinMill.com, Bitcoinomics.com, Bitcoinomy.com, Bitcoinism.com, Bitcoinist.com, BitcoinBetters.com, BitcoinUp.com, BingoBitcoin.com, BitcoinBidding.com, BitcoinBooker.com, BitcoinBookie.com, BitcoinBookies.com, BitcoinBookmaker.com, BitcoinCasinos.com, BitcoinGambler.com, BitcoinGamblers.com, BitcoinHall.com, BitcoinJoker.com, BitcoinLand.com, BitcoinPlace.com, BitcoinPlay.com, BitcoinPlayer.com, BitcoinPlayers.com, BitcoinPlays.com, BitcoinPrize.com, BitcoinWager.com, BitcoinWin.com, casinoBitcoin.com, BitcoinCity.com, pokerBitcoin.com, winBitcoins.com, BitcoinBrothel.com, BitcoinElite.com, BitcoinGirl.com, BitcoinGirls.com, BitcoinLadies.com, BitcoinVIP.com, BitcoinWomen.com, escortBitcoin.com, escortsBitcoin.com, MissBitcoin.com, BitcoinBook.com, BitcoinFan.com, BitcoinMag.com, BitcoinStudio.com, BitcoinMovie.com, BitcoinArmy.com, BitcoinChurch.com, BitcoinDown.com, BitcoinLight.com, BitcoinParties.com, BitcoinWars.com, BitcoinWave.com, HexCoin.com,

What is Bitcoin?

Bitcoin is a digital crypto-currency with no single point of failure due to its decentralized peer-to-peer architecture. The source code is publicly available and changes to the reference Bitcoin client are made via concensus within the community. Advantages of Bitcoin include irreversible transactions (i.e. no possibility of chargebacks as with credit cards), pseudo-anonymous, limited and fixed inflation, near instant transactions, multi-platform, no double-spend and little to no barriers to entry and more. It was created by an anonymous person known as Satoshi Nakamoto. Find out more at WeUseCoins.com.

Bitcoin Latest News

The Bitcoin Bubble Will Turn Into Mania Before It Bursts - Forbes


Forbes

The Bitcoin Bubble Will Turn Into Mania Before It Bursts
Forbes
For the last nine months, the Bitcoin rally that took the digital currency from a few hundred dollars to close to $3000 had all the elements of a bubble that has yet to turn into a mania before it bursts. Every asset bubble is different, and can be ...

Posted on 22 June 2017 | 11:31 am

Coinbase Appeals Decision in Cryptsy Collapse Lawsuit

Coinbase is appealing a court decision from earlier this month in a lawsuit filed on behalf of customers of Cryptsy.

Source

Posted on 22 June 2017 | 10:35 am

Cambodian Central Bank Is Trialing Blockchain Technology

cambodia.jpg

The National Bank of Cambodia (NBC) announced that it plans to launch a blockchain trial at the end of 2017 that aims to improve the central bank’s ability to monitor and facilitate interbank lending.

In April, the Cambodian central bank entered into a partnership with Japanese blockchain startup Soramitsu to co-develop the Hyperledger Iroha ledger to build a new payment infrastructure on top of distributed ledger technology. Hyperledger Iroha is an open-source blockchain software that allows users to store and transfer data as well as develop smart contracts, which makes it suitable for the development of digital payment systems.

However, the National Bank of Cambodia stated that it is not focusing on creating a new digital currency at this point. Instead, the new blockchain trial will aim to reduce the costs in Cambodia’s interbank lending market, according to a local news publication.

“We expect the new technology to provide smooth, efficient, safe and affordable interbank transactions which will ultimately benefit end users. At this stage we will focus on the operational functionality of the system, but we believe the system can further be customized with application development to benefit the [central] bank’s monetary policy, including the use of the local currency,” NBC Director-General Chea Serey told the Phnom Penh Post.

Having said that, Serey also mentioned that “a cashless system is less costly and more transparent for the whole economy. This has always been on our agenda, but we needed time to study the different platforms available,” suggesting that a digital Cambodian riel is not off the table in the future.

Serey further added that the National Bank of Cambodia’s motivation for developing blockchain solutions is to give the central bank greater control over the country’s monetary policy, which is constrained by the Kingdom’s heavy use of the U.S. dollar.

Central Banks Around the World Look to the Blockchain

The National Bank of Cambodia is not the only central bank looking at possible implementation of blockchain technology.

The People’s Bank of China, for example, announced in January that it has completed a blockchain trial for a new Chinese digital currency by digitizing the Chinese yuan and transacting with a range local banks. The Canadian central bank, the Bank of Canada, is also interested in what blockchain technology can offer, having run a similar trial to test blockchain-based digitized fiat currency for interbank payments.

The Bank of England is also exploring blockchain opportunities through its multi-year research program that explores the implication of central banks issuing digital currencies. For Bank of England Governor Mark Carney, the most interesting use case for blockchain technology is the securities settlement process. He called it “ripe for innovation.”

“A typical settlement chain involves many intermediaries, making it comparatively slow and keeping operational risks high. Industry has begun to work together to determine how distributed ledger technologies could be used to solve these issues at scale,” Carney added, speaking at a fintech conference in London in April.

Given the number of blockchain trials that central banks are conducting across the globe, it will not be surprising to see a wave of digitization of fiat currencies taking place in the years to come.

The post Cambodian Central Bank Is Trialing Blockchain Technology appeared first on Bitcoin Magazine.

Posted on 22 June 2017 | 9:43 am

Illicit Cryptocurrency Use Targeted in Proposed 2018 FBI Budget

Cryptocurrency is being cited by the FBI as a reason it needs to increase its spending in an effort to combat more advanced cybercrime.

Source

Posted on 22 June 2017 | 9:25 am

US Government Seeks Blockchain Solutions for Contract Bidding System

The US government’s main logistical agency is looking at blockchain as a way to re-envision its contract review process.

Source

Posted on 22 June 2017 | 8:45 am

Amazon's 6000 Percent 1990s Growth Still Beats Bitcoin, Ethereum - CoinTelegraph


CoinTelegraph

Amazon's 6000 Percent 1990s Growth Still Beats Bitcoin, Ethereum
CoinTelegraph
Only from 2009-2010 did virtual currency stage some form of a win, in the form of a still-nascent Bitcoin increase of around 4,000 percent. “Amazon rose more than 6,000% in its first two years after its public offering,” the publication reflects ...
Bitcoin And Ethereum Crash... For A Few MinutesSeeking Alpha
Is Ethereum the new Bitcoin?IG
Ether Price Analysis: Here's What Just Went DownBitcoin Magazine
Inside Bitcoins -Nasdaq -Live Bitcoin News
all 44 news articles »

Posted on 22 June 2017 | 7:08 am

IMF's Lagarde Touts Distributed Ledger as Defense Against Terror

The head of one of the world's largest financial organizations has issued new comments addressing blockchain trends.

Source

Posted on 22 June 2017 | 6:53 am

Buddhist Monks Said to Be Targeted by Bitcoin Pyramid Scheme

A bitcoin-focused pyramid scheme appears to have targeted Buddhist meditation practitioners in Thailand, according to a local news source.

Source

Posted on 22 June 2017 | 5:00 am

Power to the User: Accenture & Microsoft Are Changing Identity with Ethereum

Centralized ways to prove identity may now have an expiration date, thanks to a new blockchain prototype jointly built by Microsoft and Accenture.

Source

Posted on 22 June 2017 | 4:00 am

What's Blockchain? HSBC Survey Finds 59% of Consumers Don't Know

A recent survey from the UK-based bank suggests that ordinary consumers are still largely in the dark about blockchain tech.

Source

Posted on 22 June 2017 | 3:00 am

Bitcoin Price Analysis - Bitcoin erases losses - Brave New Coin


Brave New Coin

Bitcoin Price Analysis - Bitcoin erases losses
Brave New Coin
This has largely been seen as a compromise between bitcoin core developers, nodes, Blockstream, miners, and others who wanted a hard fork block size increase. The implementation of SegWit is expected to be a large bullish event for price, as it will be ...

Posted on 22 June 2017 | 2:16 am

$13: Ether Prices Plunge in GDAX Exchange Flash Crash

Ether's price plunged to $13 on GDAX amid signs the Ethereum network is struggling with growing usage.

Source

Posted on 21 June 2017 | 3:11 pm

How big is bitcoin, really? This chart puts it all in perspective - MarketWatch


MarketWatch

How big is bitcoin, really? This chart puts it all in perspective
MarketWatch
Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility ...

and more »

Posted on 21 June 2017 | 2:19 pm

On Bitcoin, India's Government And Tech Companies Find Common Ground - Forbes


Forbes

On Bitcoin, India's Government And Tech Companies Find Common Ground
Forbes
The Bitcoin craze is catching on in India. While tech geeks and young investors eye the digital cryptocurrency as its value soars, the government, too, is contemplating a course of action surrounding its regulation. In a move expected to boost ...
Bitcoin accepted here: The tiny family restaurant in India that's embraced virtual currencyQuartz
Bitcoin Investors Still Small Minority of Investors Worldwide: SurveyCoinTelegraph
Bitcoin Price Rally is Just Getting Started, Says LightSpeed Venture's PartnernewsBTC
The Merkle -The Libertarian Republic -BetaNews
all 51 news articles »

Posted on 21 June 2017 | 1:31 pm

Startups See Service Outages Amid Ethereum Blockchain Backlog

The ethereum network's transaction backlog has ensnared a number of cryptocurrency exchanges.

Source

Posted on 21 June 2017 | 1:25 pm

NSA 'DoubleStar' Backdoor Blamed for Cryptocurrency Mining Malware

A type of cryptocurrency mining malware has spread due to an exploit developed by the US National Security Agency.

Source

Posted on 21 June 2017 | 11:30 am

Porsche Names Winner of Blockchain Startup Contest

German automaker Porsche has revealed the winner of a blockchain startup competition first announced in April.

Source

Posted on 21 June 2017 | 10:30 am

China's ZhongAn Unveils Blockchain Tech for Food Supply Chain

One day you may be able to check where your chicken was bred, raised, processed and examined.

Source

Posted on 21 June 2017 | 9:15 am

Op Ed: How Cryptocurrency Holders Can Diversify While Deferring Taxes

Quasi-charitable Trusts: How Cryptocurrency Holders Can Diversify While Deferring Taxes

With the historic rally in Bitcoin and Ethereum, there are more investors than ever seeking to diversify their newly expanded cryptocurrency holdings. Whether this diversification involves exchanging cryptocurrency for fiat, other cryptocurrencies or a mix of both, the downside can be capital gains tax exposure.

Capital gains (if the underlying property has been held for over a year) are taxed at 15 percent, 18.8 percent or 23.8 percent, dependent upon the amount of income received during the year. One common method of tax reduction is to spread sales/exchanges over multiple years, in order to “soak up” the maximum amount of income into the 15 percent and 18.8 percent brackets.

If you're seeking to diversify, it’s really only practical to spread sales over a few years at most. But what if there were a way to sell immediately while still deferring this capital gains income over a much longer period, such as 20 years or even a lifetime? And what if this method were able to also provide some benefit to charity, with a corresponding charitable deduction?

Enter the Charitable Remainder Trust

This can actually be done with a quasi-charitable trust, namely a charitable remainder trust. With a charitable remainder trust, you contribute some amount of your cryptocurrency to a trust before selling. The trust then sells the cryptocurrency (or otherwise diversifies) on a completely tax-free basis. The proceeds of sale stay within the trust, where they can be reinvested in stocks, bonds, mutual funds, other cryptocurrency or almost any other investment asset.

In exchange for your contribution of cryptocurrency, the trust makes a payment to you each year for so long as you are alive. (You can alternatively choose to have the payment made for the joint lives of you and your spouse, or some shorter fixed term of years.) You choose the amount of this annual payment at the time you create the trust.

The whole process is sort of like receiving an annuity in exchange for your cryptocurrency. This payment can be a fixed amount, or it can be expressed as a fluctuating percentage of trust assets each year. When you pass away, whatever is left passes to a charity of your choice.

There are numerous tax benefits:

  1. The sale or exchange of cryptocurrency is completely tax-free.

  2. You personally only pay tax each year on the annual payment you receive from the trust. So if you use a charitable remainder trust to sell $5M of Bitcoin in 2017, but your annual payment for the rest of your life is $250,000 per year, then you only pay tax on $250,000 in 2017. This payment would be taxed at favorable capital gains rates. Depending on the amount of your other annual income, this strategy will likely keep you in the lower capital gains brackets.

  3. In the year of trust creation, you receive an income tax deduction equal to the actuarial value of the charity’s projected gift. This actuarial value is a calculation done by your attorney-CPA. The smaller the payment you select, the larger the charitable deduction. Assuming you choose an appropriate charity, the deduction can be used to reduce up to 30 percent of your income in a given year, and any unusable amount carries forward for up to five future years. For example, if a 42-year-old man were to contribute $2.5M of cryptocurrency to a charitable remainder trust in 2017 and selected an annual payment equal to 5 percent of trust assets, he would receive a charitable deduction of approximately $480,000 (at current IRS rates). That deduction could be used against his taxable income in 2017, 2018, 2019, 2020 and 2021.

You can even reserve the right to serve as trustee of the trust and to change the charitable remainder beneficiary whenever you please.

There are of course many technical caveats that need to be complied with. Most important, the IRS requires that the actuarial value of the charity’s share must be at least 10 percent of the assets contributed to the trust. Be sure to consult with appropriate counsel to ensure you meet the 10 percent rule and other technical requirements.

If you are looking to reduce and defer income taxes while keeping a guaranteed income for life and doing some good in the process, a charitable remainder trust can be the way to go.

This article is a guest post by Jeff Vandrew Jr. It does not necessarily reflect the views of BTC Media or Bitcoin Magazine and is for general information purposes only; it should not be taken as investment advice. Investors should conduct their own due diligence and consult with a qualified tax/investment professional before attempting anything described in this article.

The post Op Ed: How Cryptocurrency Holders Can Diversify While Deferring Taxes appeared first on Bitcoin Magazine.

Posted on 21 June 2017 | 8:47 am

Teenage bitcoin millionaire can see the cryptocurrency's value ... - MarketWatch


MarketWatch

Teenage bitcoin millionaire can see the cryptocurrency's value ...
MarketWatch
If this teen entrepreneur, high-school dropout and bitcoin millionaire has any predictive powers at all, then we've hardly seen the top of the market for the hot ...
This Teenage Bitcoin Millionaire is Too Cool for SchoolCryptoCoinsNews
A 12-year-old kid from Idaho turned a $1,000 bitcoin investment into ...Neowin

all 7 news articles »

Posted on 21 June 2017 | 8:42 am

Cambodia's Central Bank Pushes Ahead with Blockchain Payments Trials

The National Bank of Cambodia has said it will continue to develop interbank payment solutions using blockchain tech.

Source

Posted on 21 June 2017 | 8:15 am

Armed with an Ethereum ICO, Can Kik Succeed Where Facebook Failed?

Social media platform Kik opens up about its plans to launch a cryptocurrency, saying the move could fulfill long-held business goals.

Source

Posted on 21 June 2017 | 5:30 am

Uniform Law Commission Sets Date for Debate on Digital Currency Rules

The creators of model digital currency regulation for use by US lawmakers are set to convene to discuss key obstacles this July.

Source

Posted on 21 June 2017 | 4:00 am

IBM Announces Blockchain Truck-Tracking Solution

IBM has teamed up with Colombian logistics firm AOS to develop a solution that uses blockchain and the Internet of Things to track deliveries.

Source

Posted on 21 June 2017 | 3:55 am

Jeremy Liew, Lightspeed: Bitcoin rally will continue - CNBC.com - CNBC


CNBC

Jeremy Liew, Lightspeed: Bitcoin rally will continue - CNBC.com
CNBC
When citizens lack faith in their currency, cryptocurrency soarsm says Jeremy Liew of Lightspeed Ventures.

and more »

Posted on 20 June 2017 | 2:23 pm

Bitcoin Price Analysis: Understanding the BTC-USD Price Correction

Bitcoin Price Analysis

Note: This analysis does not attempt to speculate on the market implications of news events. This is a pure analysis of the market data.

The unprecedented rise in the BTC-USD market to near $3,000 even caught many of the more bullish traders by surprise. However, this quick rise in value did not come cheaply: once BTC finally ran out of steam, the market correction not only affected BTC-USD prices, but it was felt throughout the entire crypto-space as entire market cap took a massive plunge from $49B to $36B over the course of three days.BTC Market Cap 1.png

Figure 1: Market Cap Pre–Bitcoin Price Correction

BTC Market Cap 2.png

Figure 2: Market Cap Post–Bitcoin Price Correction

Why Did This Massive Price Correction Happen and Where Are We Heading?

There are two ways of viewing the BTC-USD run to near $3,000 levels:

  1. The top can be viewed as the absolute top of the market ($2,948)

  2. The top can viewed as the peak at $2,726.50 with a healthy 127 percent Fibonacci Extension

I’m going to analyze the market from the view of option 2 because I feel this provides a more sober outlook on the direction of the BTC-USD market. In strong Bull Runs, it is very common for markets to take a 50 percent correction; a 100 percent Retracement of the initial downward move (if it’s a very strong Bull Run), followed by a 127 percent Fibonacci Extension will provide another test to see how the market feels in the new market highs. In our case, we didn’t quite make it to the 127 percent Extension (shown in orange in Figures 3 and 4).

BTCUSD Chart 1.png

Figure 3: BTC-USD, GDAX, 6-hr Candles, the Relative Market Top With Accompanying Extension

Failed Fib Ext.png

Figure 4: BTC-USD, GDAX, 2-hr Candles, Failed 127 Percent Fibonacci Extension

Currently, BTC-USD is finding support on the 50 percent Fibonacci Retracement of the Bear Run from $3,000 (labeled in green). It made a test of the 61 percent line (labeled in red) and it was ultimately rejected. This rejection and subsequent support test of the 50 percent line coincides with a decrease in volume and a near flip of the four-hour MACD from Bullish to Bearish (labeled in yellow). These market moves show that, unless significant volume hits the BTC-USD markets, there is a likely test of the lower Fibonacci Retracement Lines in its future.

BTCUSD 4HR Chart.png

Figure 5: BTC-USD, GDAX, 4-hr Candles, Fibonacci Retracement of Bear Run

After our initial market high around $2,700, multiple momentum indicators began to reveal that, although the price was increasing, the market was beginning to lose upward momentum — this type of price activity is called “Divergence” and can be seen across the RSI, MACD and Volume. The long-term outlook for BTC-USD indicates a possibility of lower lows in its future. On the higher time-scales (refer to Figure 3), the momentum indicators are pointing toward more downward movement as the price is currently failing to make a new high and seeing decreased market volume. It’s totally possible that the market could move sideways or even see price growth on decreasing volume — markets aren’t always rational. However, if you want to know whether the price growth is sustainable and reliable, keep an eye on the momentum indicators and watch for volume to accompany price growth in the coming days. For the time being, I find it very unlikely that BTC-USD will see any significant price growth. But, after all, this is cryptocurrency; anything is possible.

Summary:
  1. Short-term indicators are showing a possible move to the lower Fibonacci Retracement values ($2,500, $2,400, $2,280).

  2. Long-term indicators are showing a loss of upward momentum. Until more volume hits the markets, very little price growth is likely.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTCMedia related sites do not necessarily reflect the opinion of BTCMedia and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Bitcoin Price Analysis: Understanding the BTC-USD Price Correction appeared first on Bitcoin Magazine.

Posted on 19 June 2017 | 1:16 pm

Project TITANIUM: The EU’s Plan to Decloak Cryptocurrency

Project TITANIUM: The EU’s Plan to Decloak Cryptocurrency

Project TITANIUM: The EU’s Plan to Decloak Cryptocurrency

Monitor blockchains, deanonymize wallet addresses, surveil dark net markets, and stop terrorists and money launderers: that’s the main thrust of the European Union’s Project TITANIUM.

TITANIUM, which stands for Tools for the Investigation of Transactions in Underground Markets, is a three-year, €5 million ($5.5 million) project that will unite universities, private research firms and law enforcement agencies from the U.K., Germany, Spain, Austria, the Netherlands and Finland.

Project TITANIUM will develop tools and best practices for criminal investigations involving cryptocurrency in Europe, which, up to now, most law enforcement agencies have pursued on an ad-hoc basis.

The project plans to create forensic tools to spot clusters of addresses controlled by the same entity; identify mixers or tumbler addresses used for money laundering; crawl the webs, both clear and dark; and automate information gathering about illegal activities.

The project’s coordinator, Dr. Ross King of the Austrian Institute of Technology, said that criminal and terrorist uses of cryptocurrencies and dark net markets “evolve quickly.” King also insisted that Project TITANIUM would respect “citizen privacy.”

Project TITANIUM’s announcement comes just a few weeks after the ransomware worm WannaCry disabled hundreds of thousands of computers in more than 150 countries. As of June 15, 2017, the hardcoded wallet addresses used by the attackers have collected about 50 BTC in ransom payments.

The project’s scope covers terrorism, as well as crime, and back-to-back attacks in Manchester and London have ignited calls for more sweeping government action to combat extremism.

On June 4, 2017, Prime Minister Theresa May called for “international agreements to regulate cyberspace” and to deny violent extremists “safe spaces” online. With terrorism in the background, cooperation on internal security matters like Project TITANIUM is likely to continue even after the U.K. formally exits the EU.

The call for more surveillance comes despite the fact that the United Kingdom already has one of the most wide-ranging surveillance laws, the Investigatory Powers Act, which went into force December 30, 2016.

Nicknamed the Snooper’s Charter, the act requires ISPs keep record of all websites users visit for one year and allows police and other public agencies to check anyone’s history without a warrant.

Meanwhile, the EU is mulling a more direct approach to the problem of cryptocurrency. According to a proposed directive released on March 9, 2017, the EU could require exchanges and wallet providers to submit account owners’ identities to a central database.

The directive goes on that “virtual currencies should not be anonymous,” and that the anonymity or pseudo-anonymity of cryptocurrencies is “more a hindrance than an asset” for legitimate users.

The rules would not just apply to bitcoin, but all “virtual currencies,” and would effectively ban anonymous cryptocurrency, at least in the EU. The proposed directive is intended to combat money laundering and terrorism, despite scant evidence that cryptocurrencies play a prominent role in either.

Nevertheless, with or without evidence that they are empowering terrorists, the anonymous or pseudo-anonymous nature of cryptocurrencies is threatening to European lawmakers, and whether through legislation or projects like TITANIUM, they intend to decloak cryptocurrency.

The post Project TITANIUM: The EU’s Plan to Decloak Cryptocurrency appeared first on Bitcoin Magazine.

Posted on 19 June 2017 | 12:55 pm

Bitcoin reaches new all-time high: $ 3,000

Posted on 12 June 2017 | 1:06 am

Consulting firm EY Switzerland accepts Bitcoin

Posted on 26 November 2016 | 12:47 am

Bitcoin Trading Bots

There have been a wide variety of situations in which algorithmic trading programs have proven to be beneficial for investors. However, investors who only trade a cryptocurrency can also take advantage of bitcoin trading bots. Through bitcoin bot trading, traders can become more flexible and prompt, minimize errors and process information more rapidly. At this… Read More »

Posted on 8 November 2016 | 6:20 pm

Steam accepts Bitcoin

Posted on 29 April 2016 | 1:09 am

Microsoft accepts Bitcoin

Posted on 11 December 2014 | 5:06 am

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

German Newspaper "taz" accepts Bitcoin

Posted on 22 July 2014 | 1:32 pm

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

Expedia to accept Bitcoin payments for hotel bookings

Posted on 12 June 2014 | 12:41 pm

Bitcoin Core version 0.9.1 released

Posted on 8 April 2014 | 4:27 pm

June 22, 2017 -
Real Time Analytics