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I hadn't really heard much about this but apparently four out of five results returned when asking Google for a 'bitcoin qr generator' lead to scam websites. The sites then generated a QR code that encodes an address controlled by the scammers instead of the one necessary for the user. Apparently instead of scammers making their own fake QR codes they have a blockchain explorer API to generate the QR for their address. This scam falls into the reported $4 billion of digital currency stolen in Ciphertrace AML report. https://www.forbes.com/sites/billybambrough/2019/09/12/researchers-have-issued-a-serious-bitcoin-qr-code-warning/#3ef6ff256d12 |
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CipherTrace has published their final white paper and open source software for wallet providers and crypto exchanges to comply with the FATF travel rule. This means that their Travel Rule Information Sharing Architecture (TRISA) would allow exchanges and wallet providers to share payment details and exchange KYC info. Exchanges adopting TRISA are essentially creating a 'extended validation know-your-VASP certificate' which would be verified through a third-party trusted certificate authority. FinCEN released guidance on May 9th that gave exchanges 180 days to comply with the travel rule. I am really interested to see what everyone's thoughts are regarding the travel rule, how exchanges are meant to comply and what your thoughts are with the government making their first step into crypto. https://www.coindesk.com/ciphertrace-enters-race-to-solve-cryptos-fatf-compliance-headache |
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According to Ciphertrace's report on Anti Money Laundering almost all drugs sold on darknet are bought with crypto. The University of Technology Sydney reports that 46% of illegal activity per year is associated with Bitcoin. I found this article interesting because it is a hot topic of conversation for a lot of people who are quick to judge crypto. While it makes sense to use unanimous money to purchase drugs, cash seems to remain the largest use for carrying out illicit transactions because it is untraceable. Ciphertrace did point out that 76% of transactions on dark markets are still made with BTC mostly due to it being the most widely known. What are your thoughts on this topic? Do you think it's going to be a better way to track where money is moving? https://cointelegraph.com/news/crypto-cash-and-drugs-crypto-use-grows-as-drug-trade-digitalizes |
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CipherTrace just published their Q2 Cryptocurrency AML Report and found it interesting that Bitcoin still reigns king in dark markets and cybercrime. Most people associate privacy coins even just 4% involve Monero. Even in the case of malware and ransomware, ETH used in only 1% of instances and BTC used in 98% of cases. https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/ |
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With David Chaum's cMix protocol using precomputation his latest application Elixxir plans to become the go-to privacy focused messaging application. I think as more people learn about social media companies' involvement in people's data there is no better time than now to have a anonymous communications app come to market. Currently on their Alphanet I know there are a lot of people patiently waiting for the MainNet https://elixxir.io/cmix-whitepaper |
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Just this last quarter Ciphertrace reported 1.2 billion USD worth in digital currencies were stolen. YOUNIQX Identity AG part of the Austrian State Printing House, the 200-year-old security company behind the European Union’s travel documents, has developed its own cryptocurrency wallet. The advantages are also pretty cool, one in particular is that nobody can view the key pair not even the staff at YOUNIQX which is huge. https://finance.yahoo.com/news/austrian-state-printing-house-cold-070000647.html |
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NULS 2.0 Beta added NRC-721 standards allowing to issue non-fungible tokens on the Beta version which is huge. People will now be able to build games if they choose on their Beta platform. Just this last week they launched their 10-minute approach to blockchain which allows developers to deploy a blockchain. Not just blockchain native developers. This is going to be super interesting to see what people come up with. https://medium.com/@nuls/bi-monthly-update-nuls-2-0-public-beta-launch-f0ca5116ad43 |
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Has anyone heard of the Elixxir platform? Privacy focused payments application with a messaging functionality is looking to be the truly decentralized WhatsApp alternative. I acutally have experience getting booted off from WhatsApp which I still have no idea what from. Someone once told me it is if you mention the word crypto. Is that true?
Knowing that Elixxir's platform wouldn't outright do that.
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NULS just released what they are calling an 'out-of-the-box' solution that is enabling everyone even those without experience to build their own blockchain in under 10 minutes. The fact that more businesses are starting to implement blockchain technology is the primary reason NULS was looking to help businesses that might not be able to identify the proper developers. What they are calling ChainBox the platform allows users to not only integrate blockchain technology but also personalize with different features depending on their needs. Another great aspect to implementing NULS is the cross-chain transactions will be able to support Bitcoin, Ether, Bitcoin Cash, Binance Coin and more. Seeing that blockchain devleopers are in high demand for businesses, this couldn't have come at a better time imo. https://cointelegraph.com/news/open-source-platform-lets-users-build-their-own-blockchain-in-under-10-min |
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I just had a thought after was reading about Huobi Mining Pools' recent announcement of adding NULS node to their services. Does the largest mining pools node selection ever make you question of investing in a certain coin?
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Polish crypto exchange Coinroom has disappeared along with customers' funds. Their website and all social channels are MIA as well. Ciphertrace reported that in Q1 of 2019, over 356 million dollars from cryto exchanges were stolen which were all visible losses. However in this case the total amount of funds remain unknown which ultimately means that there are even bigger losses at hand than just the 365 million which is insane. I am really disappointed to have to keep hearing about these types of exit scams. What do we do? https://www.thecryptoupdates.com/crypto-exchange-coinroom-disappears-with-customers-funds-website-offline/ |
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I would like to know what everyone's thoughts are on the blockchain DNS that I keep seeing. I believe there are a handful such as .eth and .zil through companies like unstoppable domains. To my understanding you have this address that can accept a handful of currencies.
This seems cool for people who want to be public. Good mass adaption option for a wallet?
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Unstoppable Domains is bringing the fight for free speech to the domain level after raising $4 million Series A from Draper venture capital. The plus side to operating a decentralized domain registry is that the government or domain providers will not be able to take it down. Control of your own content puts freedom of speech back into the users hands which could be the first big step to web 3.0 https://www.coindesk.com/decentralized-domain-registry-raises-4-million-from-draper-boost-vc |
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https://elixxir.io/prelixxirPrivacy platform Elixxir just released their mobile application for testnet to users for both iOs and Android. I just gave it a go and would have to say the UX is impressive. There's a wallet and even a instant messaging dapp integrated within it. Would like to know your thoughts about it too
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