Blockchain

Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down

single-image

bitbond bitcoin lending

Cryptocurrency mixing service Bitcoin Blender has reportedly willingly shut down after issuing a short notice asking its users to withdraw their funds, tech news outlet BleepingComputer reports on May 30.

Per the report, the message describing the service that appeared on the homepage of the website present both on the Tor network (often referred to as the darknet, dark web or deep web) and on clearnet before it shut down was the following:

“We are a hidden service that mixes your bitcoins to remove the link between you and your transactions. This adds an essential layer of anonymity to your online activity to protect against ‘Blockchain Analysis.’”

The shutdown was reportedly announced both on the homepage of the dark web website and on the BitcoinTalk Forums on Monday. Some users reportedly missed the short time window and were not able to withdraw their funds, as one user said on the aforementioned forum:

“I recently came to know about the shutting down process of bitblender, I had much coins saved onto it. I unfortunately missed the withdrawal warning as I was away for past few weeks. I am trying to access http://bitblendervrfkzr.onion/ for last 2~3 hours but I can not succeed.”

At press time, while the Tor mirror is currently inaccessible, the clearnet website is still online.

As Cointelegraph recently reported, Dutch, Luxembourg authorities and Europol shut down one of the three largest cryptocurrency tumblers, BestMixer, after an investigation found a number of coins from the mixer were used in money laundering.

Ethereum (ETH) co-founder Vitalik Buterin proposed shortly after the shutdown the possibility of creating an on-chain smart contract-based ether mixer.





Source

Leave a Reply

avatar
  Subscribe  
Notify of

You may also like

Blockchain

Staking, Consensus and the Pursuit of Decentralization

single-image

bitbond bitcoin lending

BitMax

Oh, the wonders of decentralized consensus — that dream of permissionless blockchains to be censorship-resistant, trustless, collaborative and egalitarian for a potentially global community of users. While lofty in ideals, consensus is foundational for each crypto network, which must agree upon that most basic question of who decides what on the network.

Decentralized consensus in the form of a proof-of-work mechanism was at the core of Satoshi Nakamoto’s innovation when creating Bitcoin — all additional protocol elements stem from PoW’s ability to reach consensus regarding the digital ledger through the computational work of distributed individuals.

In the decade that has transpired since, we’ve seen some of the shortcomings of proof-of-work, including its high energy costs, a consolidation in mining power to few massive mining pools and limited transaction bandwidth. As a result, there have emerged new mechanisms of decentralized consensus,…

View More Article
Bitcoin

Billionaire Optimistic On Bitcoin as a ‘Flight to Safety’

single-image

bitbond bitcoin lending

In an interview with Morgan Creek Digital founder, Anthony Pompliano, Chamath Palihapitiya, billionaire CEO of venture capital firm, Social Capital, said that now could be Bitcoin’s time to shine.

“I think Bitcoin needed a moment like this for it to be relevant,” Palihapitiya said. “It’s still a speculative instrument, and it’s too speculative for it to be reliable,” he explained.

Bitcoin is still too turbulent

In his interview with Pompliano, Palihapitiya talked about a bevy of topics pertaining to the current global economy. In terms of replacing USD or other global currencies, Palihapitiya explained Bitcoin is still too volatile.

 “The only market that’s even more important than the debt markets are the currency markets,” he said.

Palihapitiya explained currency markets have a relatively low amount of volatility, moving in value over time. “In that, there’s value because it…


View More Article
Blockchain

IBM Praises CEO For Playing a Significant Role in Blockchain Development

single-image

bitbond bitcoin lending

In a letter to the shareholders, IBM has acknowledged that one of the main achievements of the new CEO is the expansion of its blockchain business.

The document notes that its technology portfolio is “built for the future”, with blockchain being one of the technologies underpinning this belief. It denotes IBM as:

“…a leader in hybrid cloud, data and AI, security, blockchain, enterprise services”.

Discussing the recent appointment of the new CEO, it notes that Arvind Krishna:

“Played a significant role in developing IBM key technologies: artificial intelligence, cloud, quantum computing & blockchain”.

Blockchain is revenue multiplier

Blockchain as a Service (BaaS) plays an important role in IBM’s offering. Although, there is no information about how much revenue it generates for the company. It was previously reported that blockchain technology is a significant…


View More Article
Blockchain

Voyager Onboards 40,000 Circle Invest Customers

single-image

bitbond bitcoin lending

Crypto trade service firm, Voyager Digital Canada, has completed its acquisition of Circle’s retail-facing investment app.

On April 3, Voyager announced it had onboarded Circle Invest’s more than 40,000 accounts onto its platform — excluding residents of New York, North Carolina, and Alaska. Voyager now reports a user base of more than 200,000 in total.

Circle Invest was sold in exchange for a 4% stake in Voyager in February.

Voyager onboards Circle Invest clients

Voyager offers commission-free trading on 34 crypto assets and USD.

The firm will continue to offer Circle Invest’s collections feature — allowing customers to purchase baskets of assets grouped by common attributes and weighted by market cap.

Users can also earn interest between 2% and 6% interest on Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Bitcoin Cash (BCH), the firm’s native Voyager…


View More Article
Blockchain

Talking Digital Future: Smart Cities

single-image

bitbond bitcoin lending

My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O’Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The first thing that came into my mind: I would never consider working for the government. And the next quick emotion I had was: but that’s really interesting and I’d like to know more.

So, fortunately, my willingness to be open minded was a good thing, and I asked her to explain what the…


View More Article
Bitcoin

Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

single-image

bitbond bitcoin lending

Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.

In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.

CryptoCompare: Bitfinex hit 40% of exchange volume

On March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.

“Despite Binance and OKEx trading the most volume across all markets in broad terms, during the exact moment of the BTC crash (approx. 10:30 am GMT) which began on the 12th, it was Bitfinex that represented the majority of Top-Tier exchange trading volume (across BTC/USD and BTC/USDT markets),” the review states.

“This was followed by Coinbase, OKEx…

View More Article
Blockchain

Blockchain Provides Trusted Data to Counter Spread of Coronavirus

single-image

bitbond bitcoin lending

With each passing day, new data regarding the coronavirus pandemic is being brought to the public’s attention. From the number of cases in various regions to ever-changing safety procedures like wearing masks in public, COVID-19 data is clearly present, yet remains inconsistent.

While a lack of accurate information may be frustrating on a personal level, ever-changing data is taking a toll on the health officials and researchers working effortlessly to help subdue the coronavirus crisis. To combat the issue, a San Francisco-based blockchain security company Hacera launched a data analytics platform in February to combat inaccurate COVID-19 data.

Hacrera’s founder, Jonathan Levi, told Cointelegraph that the platform known as MiPasa is a distributed and verifiable data hub that is being used to collect, validate and leverage COVID-19 data, saying:

“MiPasa is using data in an effective, humane and privacy-respecting way. At its heart, MiPasa is based…


View More Article
Bitcoin

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

single-image

bitbond bitcoin lending

Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.

Cryptocurrency market daily overview

Cryptocurrency market daily overview. Source: Coin360

Vays: I’ll buy BTC at $6,400

Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. 

On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.

Bitcoin 1-day price chart

Bitcoin 1-day price chart. Source: Coin360

Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish traders seeking a swift breakout being left disappointed.

For Tone Vays, however, the next fourteen days should…

View More Article