Why US Intelligence Experts Have Been Monitoring Bitcoin

Why US Intelligence Experts Have Been Monitoring Bitcoin

admin Anonymity, Bitcoin Law, Bitcoin Regulations, Government, IRS, Privacy, Spying, Taxes, USA 0 Comments

Hundreds of U.S. experts within defense and intelligence agencies are seeking to understand how virtual currencies like Bitcoin could undermine the U.S.’s long-standing ability to disrupt the financial networks of its foes and even permanently upend parts of the global financial system, Newsweek confirmed in a report. Juan Zarate, senior adviser at the Center for Strategic and International Studies and also on the board of advisers for Coinbase, told the weekly news magazine that virtual currencies pose a challenge. It runs contrary to the fundamentals of transparency and accountability that have been built over the last three decades to tackle terrorism, human trafficking, money-laundering and many other types of criminal activity. Is FBI hacking Bitcoin users’ computers? This new information will inadvertently provide an answer to the suspicion held previously that some agencies of the U.S. government have made moves that suggest Bitcoin users are being targeted for unconfirmed reasons. There were reports that a revised Rule 41 would allow the FBI to use a single warrant to hack an indefinite number of computers anywhere in the world. The rule, which will offer authorities an expansion of power over taxable pools of hidden assets such as cryptocurrencies, has been a …

The FBI Wants Zero Privacy Security, Bitcoin Community Should Protect its Freedoms

admin Bitcoin, Bitcoin News, Bitcoin Politics, Bitcoin Tools, Silk Road, The Deep Web & Dark Net 0 Comments

For security agencies like the FBI there is no difference between Bitcoin and Monero regarding their use in the crypto market or the dark web, says Bitcoin Core Developer and Advisor to Coinkite, Peter Todd, to CoinTelegraph. All they want is “zero security systems with zero privacy.” Todd explains: “I will even word that a little differently: these people will only be happy when we have zero privacy security. Good security should give you good privacy – they’re not separate concepts.” European Drug Report 2016 on Bitcoin and Tor Todd’s view comes in the wake of a report by the European Monitoring Centre for Drugs and Drug Addiction saying that the anonymous use of Bitcoin and other cryptocurrencies allows for the purchasing of illegal items such as drugs or weapons. However, the payment may be traced and lead to criminal charges. Thus, a range of strategies are used to hide users’ identities and conceal the physical locations of servers. The report states: “These include anonymisation services such as Tor (The Onion Router) which hide a computer’s IP address when accessing the site; decentralised and relatively untraceable cryptocurrencies, such as Bitcoin and Litecoin, for making payments; and encrypted communication between market …

Governments Seize the Opportunity to Control Bitcoin

admin Bitcoin, Bitcoin News, Bitcoin Politics, Crypto News 0 Comments

With the recent announcement of the Blockchain Alliance “A Public-Private Forum to Help Combat Criminal Activity on the Blockchain” founded by Coin Center and the Chamber of Digital Commerce, CoinTelegraph highlights some recent events overlooked by the Bitcoin industry that immediately precipitated the announcement including an FBI “playbook” and European seizure survey. Ever since Let’s Talk Bitcoin broke the story in June 2013 that the DEA (Drug Enforcement Agency) seized 11.02 bitcoin from a bitcoin user, the internet has been aflutter what exactly it means to seize bitcoin and the extent of control that law enforcement has over everyone’s favorite cryptocurrency. At the time, Bitcoin superstar Andreas M. Antonopoulos stated that “There is no indication the Bitcoin protocol was compromised.  “Seizure” is probably a word used to imply that money was received in the process of a Silk Road sting operation, rather than actually bitcoin seized from the user’s wallet.” Andreas’ words still hold true today. At its core, literally Bitcoin core, it is not possible to seize bitcoin.  However, it is possible to seize bitcoin depending on how a Bitcoin user interacts with the cryptocurrency (including sending it to law enforcement unbeknownst to the user — as was likely …