DISCUSSION: How Can Public Blockchains Have Privacy?
On today's show, we discuss the idea of true privacy on public, transparent blockchains and some of the ways it's working (or not) in Bitcoin or related projects right now. Source
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Privacy
IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge
A California federal court has affirmed the validity of the United States Internal Revenue Service’s (IRS) request for data from crypto exchange Bitstamp in connection with an individual tax reporting case.Per a Nov. 25 filing, the court has found that five of the six arguments presented against the IRS
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Another Crypto Exchange is Dropping Privacy Coin Monero Over Compliance Risk
"As a licenced exchange, BitBay has to follow the market standards. Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators," BitBay said. Source
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New Bitcoin Core Upgrade Brings Privacy and Block Propagation Improvements
This week, Bitcoin Core 0.19.0 was released, marking the 19th upgrade to the client. Each upgrade aims to bring small changes that make a worthwhile difference, and the focus is on minimizing bandwidth and storage requirements while improving privacy and security measures. The new features, reported by Bitcoin Magazine, will
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US Congress Wrestles With Financial Technologies and Data Privacy
On Nov. 21, the United States Congressional Task Force on Financial Technologies held a hearing on the role of big data in financial services. The last major legislation focused on the subject was the Gramm-Leach-Bliley Act of 1999, which formalized a financial service firm’s obligations to clients — specifically, how
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Grin’s Mimblewimble Privacy Model Under Threat After Alleged Break-In
On Nov. 18, crypto researcher Ivan Bogatyy published an article on Medium claiming that he had found an extremely easy way of bypassing Grin’s Mimblewimble privacy protocol. As part of his efforts, Bogatyy stated that he was able to trace over 96% of all Grin-related transactions in real time,
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Stablecoin Privacy Is ‘Extremely Lackluster’
The non-profit Human Rights Foundation (HRF) has analyzed the censorship and privacy landscape of stablecoins in a report published on Nov. 20.For privacy coins that are not stablecoins, the largest single-week losses so far this year have ranged between 24% and 34%, the HRF notes; a fact that bolsters
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Mimblewimble Privacy Isn’t ‘Fundamentally Flawed’
The developers of privacy-centric cryptocurrency Grin (GRIN) have hit back at the fundamental claims of an article purporting to have “broken” the coin’s privacy model.In a Medium blog post published on Nov. 19, Grin core dev Daniel Lehnberg argued that the so-called breakage did not go beyond the already-acknowledged
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Researcher Breaks Grin’s ‘Privacy’ Spending Just $60 Per Week
Mimblewimble, a privacy-focused blockchain protocol, is allegedly not private at all. According to an expert at blockchain research firm Dragonfly Research, Mimblewimble's privacy is fundamentally flawed, which he reportedly proved by discovering the exact addresses of senders and recipients for 96% transactions of Mimblewimble’s privacy-centric coin Grin (GRIN).Ivan Bogatyy,
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An Army of Bitcoin Devs Is Battle-Testing Upgrades to Privacy and Scaling
Almost 200 developers are reviewing bitcoin improvement proposals that could usher in enhanced privacy and scalability for the premier cryptocurrency. Source
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