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Bitcoin Tumbling: How Zerolink Will Hide Your Coins

Bitcoin Tumbling: How Zerolink Will Hide Your Coins

Bitcoin is often viewed as an anonymous currency. People are often of the view that their transactions could never be traced nor their identities confirmed. Although Bitcoin addresses are anonymous, all transactions on the blockchain can effectively be traced using blockchain audits . There are companies such as Chainalysis which specialise in tracking the flow of Bitcoin funds. Therefore, the moment that someone tries to take the coins onto an exchange in their name, they have effectively de-anonymised themselves. This is exactly how the hacker who stole coins from Mt Gox was identified. You may then be wondering how you can effectively anonymise your coins and break a link in the chain? That is where transaction mixers come in. The Bitcoin protocol was developed such that all transactions are placed on a public and immutable ledger called the blockchain . Unlike privacy conscious coins such as Monero and Zcash , your public address and the funds that flow to it are recorded on this public blockchain. However, if you are able to mix the coins that you have with a number of other addresses, you are effectively obfuscating the origin of the coins. Think of it as one large pool where everyone will insert their coins. The tumbler will mix the coins through a number of runs and then send the coins back to the owner. Given that the coins were mixed with a whole bunch of other coins, it would be nearly impossible for someone to trace your coins once they have come out of the tumbler. ZeroLink is a CoinJoin tumble service that was developed by Adam Ficsor and is about to launch in a few days. As part of the introductory offer, the developers are holding a live test on the Bitcoin network with beta testing subjects. In order to make the most of the tumbling test, they need bet Continue reading >>

[ann] Privcoin.io Mixing Service For Ethereum, Litecoin, And Bitcoin Cash

[ann] Privcoin.io Mixing Service For Ethereum, Litecoin, And Bitcoin Cash

Sorry to come late to the party! I have never needed to consider any other mixing service since I started using one recently, as I chiefly only need to add privacy to my Bitcoins. However, with considerable amounts of my crypto portfolio will now almost permanently in alts, including Litecoin and Ethereum, I am looking to a mixer that supports these too. I will probably not start mixing until next year, if at all, depending a lot on what happens with the market, but better to start preparations early. Question for Privcoin: you say you are the most advanced. Can you explain how? P.S. Let us compare to one of the best out there that has now closed down (bitmixer). Quote from: leea-1334 on November 12, 2017, 07:35:41 PM Sorry to come late to the party! I have never needed to consider any other mixing service since I started using one recently, as I chiefly only need to add privacy to my Bitcoins. However, with considerable amounts of my crypto portfolio will now almost permanently in alts, including Litecoin and Ethereum, I am looking to a mixer that supports these too. I will probably not start mixing until next year, if at all, depending a lot on what happens with the market, but better to start preparations early. Question for Privcoin: you say you are the most advanced. Can you explain how? P.S. Let us compare to one of the best out there that has now closed down (bitmixer). Compared to the former best out there, we are technologically identical in every way except two. Same as Bitmixer, we offer custom delays per address, custom percents per address and custom fees. Better than Bitmixer, we get your forwarded coins to you usually in the next block by paying higher miner fees. We also support 4 different crypto currencies where Bitmixer only supported one. In the fut Continue reading >>

Anonymity - Is There Any Ether Mixer / Tumbler Available? - Ethereum Stack Exchange

Anonymity - Is There Any Ether Mixer / Tumbler Available? - Ethereum Stack Exchange

Is there any Ether mixer / tumbler available? Quick checking around there are exactly two references to an Ether Mixer - this non functioning and here (r/ethereum) 24 days ago. Unless I am missing something how can I hide the source of an ETH transfer? I have a couple of Genesis block pre sale accounts. I want to send a handful to this new Daemon DAO for the hell of it. What I don't want is anyone to trace and see it all the way back to my mega stack in my pre sale account. Or is there only ETH -> BTC -> Mixing -> ETH and then send it? Would Shapeshift work in this fashion? ETH to them, goes where ever, they convert it on their account, send me the BTC to my virgin account, send back to buy ETH, receive in virgin ETH account, then send to the Daemon DAO? I do think I am missing something somewhere. P.S. I don't have any BTC and don't have money to buy it just for this, I do have lots of ETH. I recently proposed a protocol for decentralized ether mixer. But it has some non-trivial assumptions. Yaron Velner Sep 8 '16 at 8:23 Theoretically you could make an Ethereum mixer but I don't think it would be productive. This stems from 2 major flaws with mixers. Mixers aren't truly anonymous it obfuscates data but with enough computing power it can be decoded. You're spending a lot of Ethereum on transactions when you don't need to. This is true with Bitcoin as well where mixers end up costing 2%-3%. In my opion the best way to 'clean' ethereum or bitcoin if you want to is to use a site like ShapeShift and change your ethereum into Monero (a crypto specializing in anonymity). Move that Monero to a second wallet and then transfer it back out (possibly through a second website to avoid timing attacks). The costs of these transactions are minimal compared to the costs of mixing. Et Continue reading >>

Bitcoin Privacy For All: Breeze Wallet Is About To Bring Tumblebit To Life

Bitcoin Privacy For All: Breeze Wallet Is About To Bring Tumblebit To Life

TumbleBit, one of the most promising privacy advancements built on top of Bitcoin, will be implemented in the upcoming Breeze Wallet. The Breeze Wallet is a bitcoin wallet in development by blockchain startup Stratis , scheduled for release in one or two months. It will serve as a typical bitcoin wallet for desktop computers, but with an added tumbling option. Connected through a TumbleBit tumbler, Breeze Wallet users can mix their coins without needing to trust each other or the tumbler with their coins or their privacy. We are integrating TumbleBit because its a trustless and secure solution that works with Bitcoin without any forks, Stratis Founder and CEO Chris Trew told Bitcoin Magazine. Stratis is a U.K.-based startup that offers end-to-end solutions for development, testing and deployment of blockchain applications. The company will maintain its own blockchain (the Stratis blockchain), which includes a native token (the Stratis token). Additionally, the company builds tools for existing blockchains, including Bitcoin, Ethereum and BitShares. Stratis projects include a Bitcoin full node in the programming language C#, a Bitcoin software development kit and, indeed, the Breeze wallet, which will hold both bitcoins and the Stratis tokens. TumbleBit was first proposed by academic researchers Ethan Heilman, Leen AlShenibr, Foteini Baldimtsi, Alessandra Scafuro and Sharon Goldberg. Inspired by its potential, Programming The Blockchain in C# author and Stratis team member Nicolas Dorier started working on an implementation of TumbleBit in C#. He was joined by the co-author of his book, Ficsr dm, who focused on Tor integration. Now, with the help of dm, Stratis is making the solution available in a convenient and easy-to-use wallet. It is a natural match not only becaus Continue reading >>

How Crypto Price Is Controlled By Dark Markets

How Crypto Price Is Controlled By Dark Markets

You hear stories like that all the time someone bought, mined, or get payed in Bitcoins in 2011, dumped old computer, and then bam! the coins are worth 4 000 $ each in 2017. There is no use crying over spilled crypto milk very few saw that coming. But what caused such massive cash influx into Bitcoin? Why it makes USDs the backbone of the fiat financing seem like a worthless peace of paper? Is BTC just a bubble? There is a answer that no one talks about. Dark markets are Tor-powered, anonymous libertarian marketplaces, offering everything you cant buy in Walmart stolen IDs, cards, drugs, guns, pirated content. In general dark markets are ultra secure and anonymous, because the payments in crypto are anonymous thanks to tumblers or mixers, that basically use coinjoin protocol to launder cash. But most of the time FBI manages to find a way to either DDoS or shed a light on one or two markets each year. The first mainstram market Silkroad was founded by a pro-free-economy Ross Ulbricht aka Dread Pirate Roberts. By the way, do you know what blew his cover? He loved his nickname frosty too much. The Silk Road gathered over one million users and USD 1.2 billion in sales. Lets see whether we can connect the dots. Silk Road peak popularity was in 20122013. Here is a scrutiny of Silk Road operations partly courtesy of Ross Ulbricht trial, during which all BTC addresses were uncovered. Here is a chart from 2012 representing Silk Road development: And here is a Bitcoin price chart at that time: Source: Carnegie Mellon University analysis of SilkRoad As you can see, the figures correlate proportionally. Bitcoin derived its worth from utility as a currency in a place where traceable fiat currencies were unusable. But Bitcoin is clumsy now it is slow and expensive to transact. Howev Continue reading >>

9 Answers - Is This A Good Time To Buy Ethereum? - Quora

9 Answers - Is This A Good Time To Buy Ethereum? - Quora

Honestly, we talk about this everyday, if you believe in the technology and infrastructure of ETH , and it's future, invest now, be prepared to hold for the long term, and have a price point where you are prepared to sell and be happy with your profit. Would this be a great buying opportunity, or a dramatic blow to eths future? Again, no one knows. Read up on your technology, invest what you can afford to lose, and stay active in learning more and more about the applications and potential impact of this exciting technology for the future! Originally Answered: Is it a good time to buy Ethereum? I thought the exact same thing a year ago, when I bought massive amounts of Ethereum and 21 Bitcoin. Ethereum grew 2500% since I bought it and Bitcoin grew around 1000%. You should have invested yesterday actually, since the price dropped a little, but you can start investing anytime you want. Just do it sooner rather than later. It is never too late, because Bitcoin and Ethereum is and will be the future of finance and money. I am very glad that I invested when I did. I do hope that you invest, but it is all up to you. Research for yourself, dont listen to people on the internet. I made one of the best decisions in my life investing when I did. I also began investing Ethereum and Bitcoin in a mixer, tumbler platform for Bitcoin 98 days ago. I am still getting 4.5% daily profit from them. The platform is called Bitpetite Right now is the perfect opportunity in my opinion since the price hasn't seen any rapid movements recently, this means investors can safely and steadily increase their positions in this cryptocurrency. First mover advantage - Ethereum is the first cryptocurrency of its kind which means it will also have the upper hand over similar projects. More than just a cryp Continue reading >>

Mitigating Blockchain Analysis: Mixing Cryptocurrency

Mitigating Blockchain Analysis: Mixing Cryptocurrency

Mitigating Blockchain Analysis: Mixing Cryptocurrency Get the latest security news in your inbox. Cryptocurrency is a digital currency, and it comes in many forms, built upon varying Blockchain technologies. Bitcoin is the original cryptocurrency, created in 2009 by cypherpunk Satoshi Nakamoto. Since then, many new alternative cryptocurrencies have been created, popular alternatives are Litecoin, Ethereum, and Monero. when he said that cryptocurrencies are a dream for privacy and freedom lovers because they restore transacting power back to whom it belongs individuals who have a right to control their own money. While cryptocurrency is a great advancement for a cypherpunks dream of privacy, it still comes with its own set of flaws that allow for deanonymization through Blockchain analysis and off-chain analysis. Bitcoin is often thought to be an anonymous solution for digital transactions, but this simply is not true. Every time a transaction is made, the technical details of said transaction becomes a public record on the Blockchain. The Blockchain is a public ledger that holds a history of all transactions ever made, thus leaving the potential for analysis of said transactions. More recently, The Bitfury Group released a whitepaper for their new Blockchain analysis algorithm with the goal of identifying the users behind digital transactions, dubbing their deanonymization solution as a Bitcoin clustering algorithm. Bitcoin address clustering is self-described as a process that exposes bitcoin users by determining which addresses belong to a single user through an analysis of Blockchain data. The act of clustering groups those addresses together, enabling investigators to link them to a single entity. ( The Bitfury Group Unveils Solution For Analyzing Related Bitcoin A Continue reading >>

Zcoin Develops Decentralized Mixer For Ethereum

Zcoin Develops Decentralized Mixer For Ethereum

Zcoin develops decentralized mixer for Ethereum The Zcoin team is in the process of creating a new type of so-called mixers or tumblers, which are servers used to mix the funds of some users with those of others enough times to make it impossible to trace their origin. The big difference is that this mixer will be specially designed for implementation in smart contracts, and does not actually require other users or a centralized server - a third party - to achieve its goal. While in services such as Bitcoin Fog the user must transfer their funds to a hidden server that may not give him the answer he expects, and also depends on the liquidity provided by other users so that their numbers are mixed; With Zcoin's mixer what happens is that the owner of the funds, after depositing them into a contract, receives anonymous tokens that mingle with the ethers in the transfers, thus protecting their true origin within the same decentralized platform of Ethereum. Although for now this idea is under construction, according to its official page, from Zcoin are working together with Vitalik Buterin for a possible implementation in Metropolis, the next hardfork of this blockchain, which plans to update it during the next months to offer much more security, scalability and privacy. On the other hand, this is not the only option considered by the developers of Ethereum to increase the anonymity of their transactions. The first to be considered was the zero knowledge protocol of Zcash, with which they are still collaborating for the same purpose. In fact, this new alternative is surprising, given that Zcoin is well below Zcash in terms of market capitalization and value per unit. Continue reading >>

How To Use A Bitcoin Mixer

How To Use A Bitcoin Mixer

Some argue that only hackers or criminals would need to be anonymous when using Bitcoin or any other cryptocurrency, but that's not true. There are many reasons to keep your transactions private, especially when dealing with large amounts. We don't usually display our bank records for everyone to see, mostly because we're afraid someone will alleviate us of our holdings or maybe we just want to surprise someone or avoid embarrassing invoices. Whatever your motives might be, privacy is a right that's ours to protect and take advantage of. Satoshi Nakamoto pointed out that we should use multiple addresses to preserve our privacy, due to the pseudonymous nature of Bitcoin. But even when using Bitcoin the way Satoshi intended, it may not be enough. Experts can trace services used, transaction history and patterns to identify where payments are made from or to, So, what should you do? Mixers will provide you with a certain amount of privacy, by mixing your coins with other coins previously sent or in their reserve and sending different coins to the address you specify. When looking at the blockchain, one will be able to see you sent your coins to a wallet. And that someone sent coins to the wallet you want them sent, there will be no connection between your wallet address and the one where you want your crypto delivered. Today we're going to show you how to use CryptoMixer, which is an established Bitcoin tumbler and has a transparent 2000 BTC reserve that can be followed here, here and here. Cryptomixer has also been improved when compared to older mixers, since it will never mix your new coins with your old ones and it does not require you to register an account. There are also downsides associated with using tumblers, such as fungibility. Since anyone can deposit Bitcoin Continue reading >>

Bitcoin Tumbling: For Privacy Advocates Or Money Launderers?

Bitcoin Tumbling: For Privacy Advocates Or Money Launderers?

Bitcoin Tumbling: For Privacy Advocates or Money Launderers? Join our community of 10 000 traders on Hacked.com for just $39 per month. Can you make solid parallels between accounting or financial practices in the fiat currency world and the digital currency world? In a less and less private world, is seeking privacy in your digital financial transactions wrong? Can you launder money in the digital realm if Bitcoin is not actually, legally money? These grey area questions are coming up more and more as Bitcoin changes the way courts, business, lawyers, and entire countries define money. If you listen to someone explain a Bitcoin transaction tumbling operation, or Prima facie, a technique that gained global exposure in Silk Roads Ross Ulbricht trial , it bears some similarity to traditional money laundering strategies . The layering of accounts within trusts and off-shore shell companies is comparable to layers of encryption or the levels of complexity offered by circulating your bitcoins from one wallet provider to another. The actual mixing together of transactions to make them harder to trace sounds like the smurfing of deposits. Large cash sums are split up and placed into the financial system by groups of individuals to avoid generating suspicious transaction reports. Are these practices illegal in nature? Is the bitcoin market so small and unregulated that they just havent been criminalized yet? Unlike other currencies, every single Bitcoin transaction is stored on a publicly accessible ledger, making using Bitcoin alone for illegal means a pretty poor medium of exchange. Altcoins like Darkcoin or Cloakcoin would hide your identity better and is their reason for being, to maximize privacy. Bitcoin can comply with anti-money laundering provisions with its public re Continue reading >>

Cryptocurrency Monero Is Skyrocketing Thanks To Darknet Druglords | Wired

Cryptocurrency Monero Is Skyrocketing Thanks To Darknet Druglords | Wired

It's tempting to think of cryptocurrencies in terms of Bitcoinin part because many cryptocurrencies are Bitcoin derivations. Monero's fully its own entity, though. First outlined in an October 2013 whitepaper by the pseudonymous figure Nicolas van Saberhagen and called Cryptonote, another pseudonymous individual known only as "thankful_for_today" later coded those ideas into a currency called Bitmonero. When open-source coders on the Bitcointalk forum disagreed with thankful_for_today's directions for the currency, they forked it in 2014 to create Monero, whose name means simply "coin" in Esperanto. Its structure solves several key privacy vulnerabilities that dog Bitcoin, which despite its reputation for secret transactions has long been stuck in a strange privacy paradox. Unlike commercial services like PayPal, Bitcoin allows anyone to spend money online without providing identifying details. But if someone's Bitcoin address is linked with their real identity, any transaction from that address is entirely visible on the public blockchain, the accounting ledger that prevents fraud and forgery in the Bitcoin economy. Hiding those transactions requires taking extra steps, like routing bitcoins through "tumblers" that mix up coins with those of strangersand occasionally steal themor using techniques like "coinjoin," built into some bitcoin wallet programs, that mix payments to make them harder to trace. "If I pay my rent in Bitcoin, it wouldn't be that hard for the landlord to figure out how much money I earned if I don't take extra precautions," says encryption and cryptocurrency consultant Peter Todd. "Then they can decide whose rent to increase. Youre giving away information you don't want to make public." Monero not only bakes anonymity features into the cryptocurren Continue reading >>

Ethereum Mixer | Mix Your Ether Now! Low Fees. Safe. Fast And Anyonymous

Ethereum Mixer | Mix Your Ether Now! Low Fees. Safe. Fast And Anyonymous

Please wait while we're generating your mixing job... This address is valid for the next 48 hours (till UTC) and one transaction. Make sure the address you're sending the Ether from belongs to you and not an exchange (Important in the case of a refund. Read more in the FAQ. ) Use our fee calculator to see the exact amound you would have to send to recieve what you like. Please do not send more Ether than available, else your transaction will be refunded. Please take note of this mixing code and use it on your next mixing order with us to not recieve your old Ether. Please download this and keep it securely stored. For security/privacy reasons it is important to delete the file after recieving your mixed Ether. The server is currently under maintenance. Please try again later. Your address is invalid. It might be the length or if it contained captial letters the address checksum didn't match up. Pleas try again with lowercase letters only. The timedelay you set is invalid. Please make sure its between 0 and 48 hours. The mixing code you provided is invalid. Please leave it empty or enter a valid one. An unknown error happened. Feel free to contact us if this happens more often. The Ethereum address is invalid because the address belongs to a contract. Please us a standart non contract wallet. Ethereum isn't anonymous by default. Everyone can see where your Ether is going to or coming from. The key is to hide which address belongs to you. That's what we are here for. By using our service we will break the link between addresses for you! After recieving your Ether we will send you freshly premixed Ether from our reserve directly to the address you've given to us. Your old Ether will then be added to the reserve. In order to not recieve your old Ether back next time you ha Continue reading >>

Cryptocurrency Tumbler

Cryptocurrency Tumbler

Cryptocurrency tumbler or cryptocurrency mixing service [1] is a service offered to mix potentially identifiable or 'tainted' [2] cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. [3] Tumblers have arisen to improve the anonymity of cryptocurrencies, usually bitcoin (hence Bitcoin mixer), since the currencies provide a public ledger of all transactions. Currently (2015) there is only one service which offers tumbling of multiple cryptocurrencies, PrivCoin. [4] [5] In traditional financial systems, the equivalent would be moving funds through banks located in countries with strict bank-secrecy laws, such the Cayman Islands , the Bahamas , or Panama . Tumblers take a percentage transaction fee of the total coins mixed to turn a profit, typically 1-3%. [6] Mixing helps protect privacy and can also be used for money laundering by mixing illegally obtained funds. Mixing large amounts of money may be illegal, being in violation of anti-structuring laws. Financial crimes author Jeffrey Robinson has suggested tumblers should be criminalized due to their potential use in illegal activities, specifically funding terrorism ; [6] however, a report from the CTC suggests such use in terrorism-related activities is 'relatively limited'. [7] There has been at least one incident where an exchange has blacklisted "tainted" deposits descending from stolen bitcoins. [8] The existence of tumblers has made the anonymous use of darknet markets easier and the job of law enforcement harder. [9] Peer-to-peer tumblers appeared in an attempt to fix the disadvantages of the centralized model of tumbling. These services act as a place of meeting for bitcoin users, instead of taking bitcoins for mixing. Users arrange mixing by themselves. This model sol Continue reading >>

Reddit User Explains How To Use Monero And Not End Up In Jail

Reddit User Explains How To Use Monero And Not End Up In Jail

Home Articles Reddit User Explains How To Use Monero and Not End Up in Jail Reddit User Explains How To Use Monero and Not End Up in Jail Posted by: C. Aliens September 3, 2016in Articles , Featured 6 Comments After both Oasis and Alphabay announced the support of the lesser-known cryptocurrency Monero, marketplace forums and the /r/DarkNetMarkets subreddit have been filled with posts riddled with misinformation on the topic. Being less popular than Bitcoin and Ethereum, the usage and security of Monero raises many questions that need answers. One of the moderators of /r/DarkNetMarkets, sapiophile ,submitted a post titled IMPORTANT WARNING to those who want to use Monero/ShapeShift and NOT end up in jail . This post unsurprisingly clears up many of the concerns brought up by the community. The majority of the communitys concerns stem from not knowing how the currency works. Bitcoins decentralization is part of its major appeal. Monero working in a completely different fashion seems to go against the reasoning behind the creation of cryptocurrency like Bitcoin. True or not, in terms of anonymity for transactions on darknetmarkets and the deepweb, the argument is completely different. So heres the TL;DR: Moneros privacy comes from the sending side of the transaction. There is absolutely zero privacy gained simply by using a vendors Monero receiving address, if you are not sending the Monero yourself, on your own computer, running your own Monero software. In that sense, its just like GPG never trust another party to do it for you.This is a problem because people obviously dont want to bother running their own Monero software, and would rather do something like just send BTC to ShapeShift and have ShapeShift send Monero to the market or vendor they want. THAT IS BAD. By d Continue reading >>

How To Use A Bitcoin Tumbler

How To Use A Bitcoin Tumbler

Mix your Bitcoins to protect your identity The Bitcoin (BTC) cryptocurrency is designed for trustless, pseudonymous transactions. While its often touted as a way to move money anonymously, this is difficult to achieve in practice. Most Bitcoin Exchanges require you to provide ID and use a bank account in your own name to purchase coins. All transactions are also publicly recorded in the Bitcoin Blockchain meaning the movement of your coins can be traced from the initial purchase to other payment addresses. Even if you buy Bitcoins for cash or mine them yourself, your Bitcoin wallet software may be associated with your computer's IP address. In this guide, well explore how to disassociate any Bitcoins you purchase from your identity by using a Bitcoin mixer (sometimes known as a 'tumbler'). A person who wants to protect their privacy first sends their Bitcoins to the mixing service, who will then swap their coins for someone else's of equivalent value, less a small commission. The user can then withdraw these new Bitcoins from the mixing service to a new wallet. This makes it extremely difficult to link your Bitcoins to your identity by examining transactions along the Blockchain. The Bitcoin mixer we've chosen for this guide, BitCoinFog, is one of the oldest and most reputable. The service charges a randomized commission of 1-3% on Bitcoins it processes. Bear in mind that if you send your virtual coins to a mixing service which is unreliable or operated by a scammer, you'll lose your Bitcoins. We encourage you to do your own research to find a trustworthy service. TAILS (The Amnesiac Incognito Live System) is a version of the Linux operating system. It can boot from a DVD or USB stick on your machine. After you've finished using it, no trace of your activity will be le Continue reading >>

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