Check out BBC Panorama’s “Who Wants to be a Bitcoin Millionnaire?”, a documentary which examines the use of cryptocurrencies, mainly bitcoin, for money laundering purposes. Europol stated to Panorama that £4bn’s worth of cryptocurrency has been laundered through Europe. Money laundering is one of several techniques that criminals use to obfuscate the movement of their […]
Here is a report from Stockhouse.com, on December 16, about Robert Whitaker’s recent appointment at the Blockchain Intelligence Group. Key hire for Blockchain Crime Unit
The National Post has reported Blockchain Intelligence Group’s appointment of Robert Whitaker as its new director of forensics and investigations. You can view the Post’s report here.
What is bitcoin? Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network (Bitcoin wiki). The Bitcoin network holds a record of all transactions as a […]
On Wednesday November 8, Mike Belshe, CEO of the software wallet BitGo announced that SegWit2X was being suspended due to “…(in)sufficient consensus for a block size increase”. For many in the Bitcoin community, this stalling of the SegWit2X hard fork was inevitable, for some it was a relief, for others, it was a chance […]
In October 2017, I gave this presentation to the UBC Bitcoin Club, BITCOIN_ THE GREAT SCALING DEBATE, about Bitcoin’s most critical development issue: the question of how to scale up the Bitcoin network without undermining its integrity. I outlined the following points: the Bitcoin network’s current state, the need for the network to scale, the […]
Image: Dreamstime On October 23, after block 491406 was mined, the new Bitcoin Gold fork emerged in the Bitcoin network. Bitcoin Gold proclaims the following four principles: Decentralization – by adopting Equihash as its proof-of-work algorithm, it will enable home users to find blocks on the Bitcoin Gold network and thus decentralize the mining […]
Researchers from Canada’s central bank argue that private digital currencies like bitcoin won’t succeed in the long-term without some kind of government involvement. A paper published this week by researchers at the Bank of Canada examines the viability of digital currency… Continue