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How To Maintain Privacy When Spending Mixed Bitcoin

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Mixing bitcoin using Whirpool can achieve anonymity. Here are a few tools to help maintain that privacy benefit when spending.

Considerations should be made when spending Whirlpool unspent transaction outputs (UTXOs) so that the anonymity benefits of mixing your bitcoin are kept intact. There are transaction tools that help you spend your post-mix bitcoin in a way that maintains anonymity, each tool offers different techniques and it’s important to understand the differences so that you can always use the right tool for the job.  Read more...

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How Silent Payments Are Bringing New Privacy Protections To Bitcoin

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The Silent Payments proposal could help users make bitcoin transactions more privately, but how does it work and why do we need it?

This is an opinion editorial by Seth For Privacy, a privacy advocate and host of the “Opt Out Podcast.”

One of the most basic keys to improving your privacy on Bitcoin has long been avoiding the re-use of addresses for multiple payments. But while doing so may seem simple these days, with most wallets automatically generating new addresses for each payment, what do you do when you need to simply accept payments repeatedly, from multiple people, or without complex infrastructure in place?  Read more...

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3 Lessons From The Oslo Freedom Forum: Privacy & Tax – Odell, Sneidermanis, Nwosu

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The Oslo Freedom Forum wasn’t a bitcoin conference, but the Human Rights Foundation made sure that its message was always present. We’ve already featured – one, two, three, four –  activists, corporate leaders, and cypherpunks. It’s time for the hard-core bitcoiners to step forward and share their truth and insights. From the evils of CBDCs to the dangers of inflation; from Argentinian to Nigerian history lessons, today’s episode is loaded with information you won’t find in those other crypto sites. 

Sit back, relax, and receive these key facts. Toxic bitcoin maximalists get a bad rep, but they might see something everyone else is missing.   Read more...

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We Need To Encrypt The Peer-To-Peer Layer Of Bitcoin For Privacy

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By making traffic between network peers encrypted, Bitcoin Improvement Proposal 324 can improve privacy by hiding node locations and other private data.

The below is a direct excerpt of Marty’s Bent Issue #1231: “BIP 324 would bring encryption to bitcoin’s P2P layer and it needs some review.” Sign up for the newsletter here.

Visualizing how encrypting data can obfuscate network connections
via bip324.com
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Mercury Wallet’s Roadmap To Bitcoin Scalability And Privacy

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Mercury Wallet, a Layer 2 scaling solution for Bitcoin, plans to integrate with the Lightning Network and blind its server.

Mercury Wallet, a Layer 2 application built for Bitcoin, is currently developing infrastructure to integrate with the Lightning Network.

Applications like Mercury are a way of scaling the use of Bitcoin by temporarily performing transactions off chain before returning to the main chain, making it easier and more cost-effective to make payments to other users. But what is Mercury Wallet, how does it differ from the Lightning Network and what could its integration ultimately accomplish for Bitcoin growth?  Read more...

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Privacy Is a Human Right Worth Fighting For

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Digital Privacy Is a Human Right Worth Fighting For

Privacy is a basic human right. It’s there in Article 12 of the Universal Declaration of Human Rights: “Freedom from Interference with Privacy, Family, Home and Correspondence.” Attaining that right in an era of dragnet surveillance, mass data breaches, state-sponsored hacks and big tech overreach, however, is a Herculean task. As the digital privacy fight heats up, crypto protocols are emerging as a new battleground where the right to anonymity will be won and lost.

Also read: Chainalysis Whistleblower Shares Company Secrets in Explosive AMA

From Data Drought to Tsunami in 40 Years

In 1973, the internet looked like this:  Read more...

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FaceApp Thrusts User Privacy into Spotlight amid Russian Ties

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The “FaceApp” craze, in which users can use an application to see what they will look like when they are elderly, is experiencing a second wave of popularity. Yet privacy experts point out that FaceApp may just make it that much easier for your privacy to be invaded. Your Data Is Your Concern Nobody ever […]

The post FaceApp Thrusts User Privacy into Spotlight amid Russian Ties appeared first on CCN Markets

CCN Markets

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An Introduction To Xeonbit: The Future Of Privacy In Online Payments

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Xeonbit offers a secure payment platform for users who wish to remain anonymous at all times. Unlike many other platforms, Xeonbit differs by allowing the possibility of tracing transactions while also protects the information of both, the receiver and the sender. Keep your balance unknown and take advantage of enhanced privacy and security features that […]

The post An Introduction To Xeonbit: The Future Of Privacy In Online Payments appeared first on CCN Markets

CCN Markets

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Why This Privacy Crypto Is Down 5% Today While Bitcoin Soars

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Grin investors are taking it on the chin today. The crypto, which uses the Mimblewimble protocol for privacy and scalability, has shed more than 5% in the last 24-hour period even as bitcoin set a fresh 2019 high. With BTC’s dominance currently hovering at 60%, altcoins typically remain highly correlated to their larger peer. Grin, […]

The post Why This Privacy Crypto Is Down 5% Today While Bitcoin Soars appeared first on CCN Markets

CCN Markets

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Privacy Crypto Zcash to Undergo Complete Rebuild Because It Was A Failure: Analyst

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Decrypt’s Tim Copeland attended a developer conference hosted by the Electric Coin Company in Croatia. He reports that the company is considering the most significant possible changes to its product, Zcash. #2 Privacy Coin Considering Massive Development Pivot If you’re studying crypto, you may have heard of Zcash. It’s a “privacy coin” which allows users to guard their transaction details from the public, and currently the #2 coin in its class by market capitalization (after Monero). Zcash developers want the cryptocurrency to service as many as 10 billion people in the coming three decades, Copeland reports, and they’re willing to  Read more...

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Privacy Is Paramount: How KYC Makes Us All Less Free

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Privacy Is Paramount: How KYC Makes Us All Less Free

KYC (Know Your Customer) policies and endless private data collection, coupled with force-backed, violent legislation compromise the utility and ethics of crypto trading. An uncompromising stance on user privacy is critically important to crypto traders and peer-to-peer transaction. It’s not about having nothing to hide, but about sound economics, human dignity, and creating a more peaceful, less violent, world.

Also read: Hayden Otto Discusses the Rise of North Queensland’s Bitcoin Cash Movement  Read more...

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Dow Jones: Privacy Scandals Led to Facebook’s S&P 500 ESG Ouster

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S&P Dow Jones revealed the embarrassing reason it booted Facebook stock from the S&P 500 ESG Index. Facebook’s cornucopia of privacy scandals caused its ESG score to plunge to alarming levels. The same day that Dow Jones kicked FB out of the index, Mark Zuckerberg pledged to make Facebook a champion of privacy rights. By CCN Markets: It’s not clear which privacy snafu broke the camel’s back, but scandal-ridden Facebook stock now finds itself on the outside looking in at a key S&P Dow Jones sustainability index, the S&P 500 ESG. Facebook wasn’t the only major tech stock to get  Read more...

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BCH vs. BTC: Which Offers Greater Privacy?

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Crypto. A New Paradigm of Privacy and ID

Do you want every person you ever transact with to know how much is in your wallet and your net worth? Of course not. That’s why you need and want to mix your coins to hide where they came from before you use them. The degree of privacy you can expect by default, however, varies significantly depending on whether you are using BCH or BTC.

Also read: Bitcoin Payments Are Being Bulldozed for Political Reasons  Read more...

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Ethereum (ETH) May Take a Major Step Toward Privacy

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Ethereum (ETH) creator Vitalik Buterin thinks privacy is a missing ingredient of the largest smart contract-driven blockchain ecosystem. In a recent blog post, Buterin broke down the current state of transactions on the Ethereum blockchain and what he believes can be done to improve user anonymity. “Currently there are large privacy problems in the Ethereum […]
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Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

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Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

The Bitcoin Cash (BCH) protocol and infrastructure continue to see relentless development. The Electron Cash Cashshuffle implementation has enhanced bitcoin cash fungibility by providing users with the ability to shuffle coins. Now a developer has announced the launch of the Interwallet transfer tool, an Electron Cash add-on that allows for privacy-minded transfers using the light client.

Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH  Read more...

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Version 1.1.4 Gives Wasabi Wallet a Boost in Privacy, Security and UX

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Wasabi

Wasabi Wallet has released version 1.1.4 of its privacy-focused wallet and the latest upgrade comes with security-bolstering features, improved performance and a curiously named — but definitely useful — new “Lurking Wife Mode.”

Proudly advertised as the wallet that lets users “reclaim [their] privacy,” the Wasabi desktop wallet is indeed a favorite of bitcoiners who want to obscure their transactions and make their coins more fungible (i.e., indistinguishable from others on the network).  Read more...

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Five Simple Ways to Increase Your Privacy When Using Cryptocurrency

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Five Simple Ways to Increase Your Privacy When Using Cryptocurrency

Cryptocurrency without privacy is pointless. If your coins aren’t fungible, you lose much of the benefits of using cryptocurrency in the first place. Privacy isn’t just won and lost onchain though. In fact, much of the privacy gains to be made when it comes to sending, spending and trading crypto occur offchain, as you go about your business on the web.

Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again  Read more...

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