Dr. Ali Loveys says the biggest challenge in the blockchain space is not about the tech, but rather defining the right business value.
Despite the widespread belief that Bitcoin is anonymous and private, Bitcoin and most other cryptocurrencies’ privacy isn’t always good enough by default. Bitcoin’s balances are public, and addresses cannot offer more than pseudonymity. There are some services that can help with masking transactions, but they are not popular and easy enough to gain a large user-base and they also often have fees. Some news about Bitcoin privacy is promising: the implementation of SegWit and the use of the Lightning Network might be first steps in improving privacy. Some developers are focusing on the privacy of cryptocurrencies and developing protocols suitable for private transactions. Today, there are more and more cryptocurrencies that uses different privacy technologies but have their focus on anonymous transactions. Still, popular cryptocurrencies are trying to have the feature of public transactions as they may be used in business banking.
Mercedes-Benz’ parent company has partnered with Ocean Protocol to use blockchain technology to privately collect and package data for monetization.2177
Someone impersonating Tron CEO Justin Sun recently tried luring investors into buying a fake Tron privacy asset as part of a token sale offering.3550
Unstoppable Domains’ new chat protocol enables users to store data on their own servers through crypto wallets and P2P network integration.7106
Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded.1765
The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains.3546
Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities.11777
The Commons Foundation unveiled plans to build a blockchain platform to track COVID-19 cases in South Korea.1976
Coinbase’s “data plumber” denies storing users’ login credentials in plain text along with all the other allegations in a new class-action complaint.3136
Major Ether wallet service and browser extension, MetaMask, introduces newly released version featuring enhanced privacy control.3118
Despite a growing number of advanced privacy features, Bitcoin Cash seems to have fallen out of favor with Dark Web operators.3196
Multi-blockchain explorer Blockchair has added a privacy score for each Bitcoin transaction with the goal of educating users on how to not reveal themselves.3150
The Incognito privacy project released pKyber, which enables users to hide their activity from the public Ethereum ledger within the Kyber Network.3998
John McAfee-backed privacy coin Ghost Coin partners with ivendPay as a payment option for Hong Kong vending machines.9495
Blockchain technology can help to build a self-sovereign financial system where privacy belongs to the people.7020