Blockchain analytics firm CipherTrace has filed two patent applications it claims will assist authorities in tracking transactions made with the monero (XMR) cryptocurrency. According to an announcement on Friday, the firm most recently filed a document titled “Techniques and Probabilistic Methods for Tracing Monero” as a follow up to the earlier “Systems and Methods for
Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes. The Series C is being led by VC newcomer Addition with participation expected from Accel, Benchmark and Ribbit, Forbes said. Those three firms have all invested in earlier Chainalysis rounds.
Four years after forking from Bitcoin, privacy-centric blockchain network Zcash has completed its first halving. At 12:37 UTC, Zcash passed block height 1,046,400 to trigger the event that cuts miners’ rewards from 6.25 ZEC to 3.125 ZEC. A miner reward reduction or “halving” event occurs when the block subsidy, generated from new coins mined, is
Satoshi Nakamoto intended Bitcoin to be used for online payments. But it never caught on as a mainstream payments option. The main hurdle to widespread adoption of bitcoin-as-cash is its wild, and potentially lucrative, price changes. This roller coaster problem isn’t going to disappear. Which means the only way for bitcoin payments to ever go
Lightning Labs’ new liquidity marketplace, Lightning Pool, has seen more early-stage growth than its creators expected. And what’s more, a fair share of its volume is coming from individual Lightning users – not businesses. “It’s a big surprise! Very exciting,” Lightning Labs Business Development head Ryan Gentry told CoinDesk. “The primary users thus far have
Helium is hard-capping production of the tokenized fuel that powers its decentralized wireless network. Under a newly passed improvement proposal, Helium miners will stop adding to the circulating supply of HNT tokens at 223 million, a figure they will reach sometime in 2070 once bi-annual “halvenings,” also new to the network, have reduced new HNT
Nine months ago, in a Denver convention center, a booth sat empty. Littered with token stickers, the table was supposed to hold the physical representatives of decentralized finance (DeFi) protocol bZx. It remained empty, however, as the team struggled to make sense of the digital forces twisting their young project. bZx, as they would come
The privacy-oriented browser Tor (The Onion Router) is researching ways “anonymous tokens” could counter Denial of Service (DoS) attacks – a pressing issue for the network. Tor has been subject to DoS attacks, degrading its performance. While there are technical fixes Tor has worked to implement, the nature of the network and the anonymity of
After the most recent Mac update caused major problems for one of Bitcoin’s oldest wallets, its development team has rolled out a fix. Originally raised as an issue on Github, the Big Sur update is bricking MacOS Electrum clients, a Bitcoin software wallet which is a favorite of power users because of its complex tooling
Encryption may not seem sexy, but it’s never been more important. Duality Technologies, a provider of privacy-enhancing tech, (PETs), is launching SecurePlus Statistics, a privacy-enhanced “statistical analysis solution” that uses Homomorphic Encryption (HE). While it may sound dry, it marks a step forward in practical uses of HE, which lets multiple actors conduct data analysis
Apple’s most recent update, Big Sur, makes a feature that logs device activity for offline (and online) applications practically impossible for privacy solutions to bypass. The monitoring is yet another example of Apple’s privacy-compromising design choices, despite the company’s efforts to present itself as a privacy ally. VPNs and other firewalls cannot circumvent the feature.
Uniswap community members are scrambling to update yield farming rewards for the automated market maker’s (AMM) native token UNI as the initial liquidity mining program sunsets on Nov. 17. A governance vote for continuing farming on the same four asset pairs – WBTC/ETH, USDC/ETH, USDT/ETH and DAI/ETH – was proposed by Audius strategy lead Cooper
Few could have imagined the true costs of “data for a service,” driven in large part by a monopolistic economy for users’ information, as powerful internet giants and platforms have molded into our daily lives. The internet’s ubiquity has led to societal cracks, from users’ lower self-esteem to impacting elections, while data ownership and privacy
Borrowers can close debt positions on lending platform MakerDAO under the 150% collateral minimum with this one simple trick. A loophole in MakerDAO’s collateralized debt positions (CDPs) market, discovered by Israel-based startup B.Protocol, enables CDPs to be closed far more leniently than the system intends due to a small oversight in the auction market, according
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has responded to some of bitcoin’s most frequent criticisms, suggesting clarity is needed amid heightened interest in the cryptocurrency. In a blog post on Thursday, Director of Research Ria Bhutoria said she was addressing persistent “criticisms and misconceptions” about the cryptocurrency. These include whether bitcoin is too
“One billion Dai in circulation is a huge milestone and a powerful validation that people around the world want more access, more transparency and more opportunity to maximize their economic potential,” Rune Christensen, MakerDAO’s founder, told CoinDesk through a spokesperson. Supply actually increased by $30 million at one point today, the MakerDAO Foundation confirmed, though