Monthly Archives: April 2017

A new law allow ISPs to sell your data without your consent. Here’s how to shield your privacy – Technical.ly

Posted: April 7, 2017 at 8:39 pm

Editors note: This post is a companion piece to this guide on how to take action and protect your privacy in light of the bill that President Trump recently signed into law that allows internet service providers (ISPs) to sell consumers browsing data.

Picking a good, secure VPN even for tech-savvy people can be difficult.

Im not a lawyer and someone with legal background should examine this, but something people need to understand is that VPN providers can also be classified as ISPs as theyre providing an internet service. And if theyre based in the U.S. or their servers are in the U.S. or in a country with similar anti-privacy laws, they may still be able to monetize your browsing habits. So basically by picking a bad VPN service, you might make the problem in hand even worse.

There are very very few service providers whom I know and trust that dont have any interest in the users data and take active measures to either not to have access to it in the first place or secure it if they have. Riseup.net and Calyx.net are two of them.

For more technical users, here are some tools I recommend. Each have their own pros and cons.

To be perfectly clear, Tor is NOT a VPN and is not even remotely comparable. Apples and oranges. But its probably your best shot at protecting your privacy. Tor Browser is a hardened browser built on top of Firefox. It makes it harder for sites and adversaries to track you by anonymizing your path to the website you visit. If this is the first time hearing about Tor, I encourage you to watch this short animation.

While Tor Browser is my primary browser these days, I dont use it for my banking, for example. They might freak out as your IP address changes from one country to another roughly every 10 minutes. Using Tor makes it extremely difficult for anyone to see or collect your online behavior.

Full disclosure, Im a volunteer and core member of The Tor Project.

Pros

Cons

[Related: A beginners guide to Tor.]

Once setup, Algo is probably the easiest and one of the most secure way to get a VPN up and running to be used on MacOS or iOS. If youve ever used the command line, setting up an instance of Algo should be fairly easy for you. Just be mindful, if youre using Algo for your privacy against the recent deregulation in the U.S., you might want to pick a data center that resides in a privacy- friendly jurisdiction. Another thing you might want to consider is that Algo uses Google DNS by default. If youre worried about this recent deregulation, you should as well be worried about the visibilities the Silicon Valley companies such as Google have on your traffic.

Pros

Cons

The design of Bitmask is based on OpenVPN and you can easily hook it up with Riseup or Calyx servers. In fact, theyre both already two of the built-in service providers. I hear from the developers that the MacOS version is on its way, but if youre like me and cant wait to see it, you could chip in with your money or skills to speed up the development process.

Also find it here.

Pros

Cons

A separate operating system housed on a USB stick, DVD or SD card that includes a suite of privacy-ninja applications built in. Everything runs over Tor. Tails is built and maintained by a mostly anonymous, international collective of highly respected developers (yes, all of those things). It can be tricky to set up the USB stick, but once you have it set up, Tails is easy to use. The best part about Tails is that it doesnt touch your currently running operating system. Whether you have Windows or MacOS or Linux, you can install Tails on a USB, reboot and do your work in Tails and when youre done, reboot and unplug the USB stick.

Neither your computer nor Tails would have any memory of what articles you read online or which newspaper you leaked documents to.

Pros

Cons

This new operating system, currently in alpha release, is based on Debian and not only sends all of your traffic over Tor by default, but also protects you from zero-day attacks by taking advantage of grsecurity patches. And on top of that, it has some amazing sandboxing features. If youre a little more savvy and want to try things at the bleeding edge, definitely give it a shot. Imagine Tails but built to be your primary OS.

Pros

Cons

Nima Fatemi is an independent security researcher and core member of Tor.

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CryptoCurrency | Digital Currency Bitcoin

Posted: at 8:39 pm

Cryptocurrency is a term used for the digitalized currency that is generated and circulated exclusively on internet. It is similar (not same) to that of fiat currency, except for a few points of differences. Laying down those few differences, the first one to top the list is the platform. While the money that many people are still onto fiat currency i.e. paper money or in coin money in the real world, this is in the form of bitcoins (infact bitcoin is the first decentralized cryptocurrency to be introduced in 2009,) altcoin like litecoin, titcoin, so on and so forth which is prominently used in virtual world.

While the paper money is being issued and distributed by the central bank, the cryptocurrency is circulated online in a P2P model. P2P is peer to peer network where the bitcoins are usually given and taken from person to person without any banking control or instruction. You may ask, what are the advantages of using this? There are ample of reasons as to why this is more preferable than printed money and there is also a lot of speculations as to how it has the caliber to take over the world.

Firstly, the mother earth has a restriction to how much of resources she can provide us with. Sure, right now, we might say we can preserve and conserve the resources like gold, steel, metal etc but till when? At one point or another, people will give into their greed and a time will come when the machines might not detect the presence of any metal or non metal, elements or compounds. So, around that time, a digitalized currency can be used as gold or cash. Just like gold, you need to mine, not in the ground but by cracking the cryptography keys.

The second important factor which arises temptations is the fact that no authority, no government or not banks control this digitalized currency. It is decentralized and works in a peer to peer network. The bitcoin is ruled by no one except the parties that are present in the network. The process of giving and taking or buying and selling the bitcoins is very easy and the transaction fee involved is very minimal.

Crypto currencies like bitcoin have the potential to solve the inflation of world economy and actually can also contribute to deflation. People nowadays seem to have more trust in this currency and the protocols involved as they are being vetted by internet specialists. We can trust the block chain which is basically the group of network because we can only transact the money only if we have the keys (private/public) or is able to solve the mathematical problems and is bring approved by the miners who maintain the ledgers. If someone tries to mess it up, the transaction will not work. Crypto currencies follow the principle and the policies of transparency. Several computers on a network have public ledger in the blockchain which contains the information of transactions and the dates and this block chain is accessible by the group of computer on the network.

According to some big companies, this is an innovative and a reliable way of online transaction and only time will tell when such a currency would dominate the economic side of the world.

Read More >> Bitcoin Mining Hardware,1 Bitcoin to Euro

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Florida Man Goes From Multilevel Marketing To Cryptocurrency – What Could Possibly Go Wrong? – Forbes

Posted: at 8:39 pm


Forbes
Florida Man Goes From Multilevel Marketing To Cryptocurrency - What Could Possibly Go Wrong?
Forbes
About Cryptocurrencies. The best known and most used cryptocurrency is bitcoin. A website that tracks the cryptocurrency market indicates that the value of the over 700 currencies that it tracks is just shy of $27 billion. Of that over $18 billion is ...

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Ukrainian Bitcoin Exchange Kuna Partners Dedicated Cryptocurrency Fund TaaS – Finance Magnates

Posted: at 8:39 pm

TaaS, a tokenized closed end fund dedicated to blockchain assets, has partnered with two cryptocurrency exchanges, Livecoin and Ukraines Kuna, to offer its tokens for trading. Userswill be able to trade the tokens after the conclusion of TaaS Initial Coin Offering (ICO), which will run untilApril 27, 2017.

The London Summit 2017 is coming, get involved!

So far, the TaaS ICO has raised more than BTC 2,873 ($3.3 million) from 1539 investors with twenty days left to go.

TaaS Co-founder and President Ruslan Gavrilyuk said: TaaS is proud to partner with Livecoin and Kuna, helping early adopters capitalize on the surging blockchain and cryptocurrency spaces. With the TaaS token tradable on the Livecoin and Kuna exchanges, more investors can gain easy, fully transparent and convenient access to the vast cryptocurrency market.

Livecoin CEO Svetlana Geller said: The partnership with TaaS will aid us in our mission to provide a modern and easy-to-use service for accessing cryptocurrency exchange markets. Our agreement with TaaS will prove mutually beneficial in allowing both companies to bring even more people into the burgeoning space of digital currency investments.

Kuna Founder Michael Chobanian added: Kuna is delighted to add TaaS, an innovator in blockchain technology investment, to the Kuna cryptocurrency exchange. We believe Kunas customers will greatly appreciate the opportunity to take advantage of TaaS groundbreaking offering and that the partnership will help to grow and strengthen Kunas platform.

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Ukrainian Bitcoin Exchange Kuna Partners Dedicated Cryptocurrency Fund TaaS - Finance Magnates

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Cambridge Centre for Alternative Finance Publishes First Global Cryptocurrency Study – Crowdfund Insider

Posted: at 8:39 pm

The Cambridge Centre for Alternative Finance (CCAF) has published its first study on digital currencies, its usage and the emerging ecosystem supporting the new type of currency. As the report explains, the world of money and finance is transforming before our eyes.

The Global Cryptocurrency Benchmarking Study is CCAFs inaugural research focused on alternative payment systems and digital assets. Led by Dr. Garrick Hileman, the research is designed to holistically examine the global cryptocurrency market and, according to CCAF, is the first of its kind. Michel Rauchs, a Research Assistant at CCAF, co-authored the report.

Dr. Hileman told Crowdfund Insider;

The data we collected indicate that the number of people actively using cryptocurrency is much greater than many people previously thought. Many observers felt that fewer than a million individuals actively use cryptocurrency, but our data suggest that today there are likely well over a million active individuals using cryptocurrency.

The Global Cryptocurrency Benchmarking Study gathered data from more than 100 cryptocurrency companies in 38 countries around the world via secure web-based questionnaires. CCAF said they captured an estimated 75% of the cryptocurrency industry. Over 30 individual cryptocurrency miners were also surveyed. Four key areas were targeted including exchanges, wallets, mining, and payments.

Highlights of the CCAF research include:

Dr. Hileman said that digital currencies like Bitcoin are not a passing fad. The combined market value was estimated at $27 billion. Hileman compared it to the value creation of a high-profile startup like AirBnB.

While Bitcoin may be the first and best-known cryptocurrency to emerge there are now hundreds of different types of digital coinage. Bitcoin does remain the dominant cryptocurrency both in terms of market capitalisation and usage but it has conceded market share to other cryptocurrencies declining from 86% to 72% in the past two years. This was buttressed by the fact that almost 40% of wallets accept various forms of cryptocurrencies.

Emerging cryptocurrencies include; Ethereum, Dash, Monero, Ripple and Litecoin.

This benchmarking study sheds light on the burgeoning cryptocurrency industry and comprehensively examines the global development of exchanges, wallets, payments and mining sectors, added Robert Wardrop, co-founder and a Director of CCAF. It demonstrates that cryptocurrencies such as bitcoin are undergoing some profound changes in how digital assets are transacted, stored, channeled and generated. The findings of this study will serve to advance useful academic and policy research into cryptocurrencies and its many implications.

A forthcoming report will focus on Blockchain or distributed ledger technology (DLT) will also be released in the next few weeks.

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Dash-Forked Cryptocurrency SibCoin Enters Chinese Market – newsBTC

Posted: at 8:39 pm

Siboin, the Dash forked cryptocurrency is all set to enter the Chinese Markets after the successful run in Siberia (home).

Siboin, the Dash forked cryptocurrency is all set to enter the Chinese Markets after the successful run in Siberia (home). Known as the Siberian Chervonets, the cryptocurrency has launched the Chinese version of its website sibcoin.org. After consolidating its position in the Russian realm, SibCoin is ready to cater to Chinas promising market, full of crypto-enthusiasts and professional traders.

Created in 2015, initially focused on the Russian-speaking cryptocurrency community, SibCoin was intended to be a peoples patriotic project. However, the project gathered unprecedented support from both, the domain experts and rookies alike. Employing encryption algorithms developed by Russian cryptographers above the basics of Dash, SibCoin has not only been able to add value to peoples lives but also proved to be a solace for the ones jittered by the volatility of Bitcoin. In a couple of years, SibCoin has become the driving force behind the consolidation of Russian blockchain community.

Dash, an anonymity-oriented cryptocurrency that has enjoyed strong support in recent times, underwent block size increase to form the very base of SibCoin. As per Evan Duffield, the creator of Dash, the technology offers far less technical complexity as compared to Bitcoin due to an entirely different governance architecture. Noteworthy is the fact that recently, the cryptocurrency went past its earlier resistance level to create a new record.

Reaching more people day by day, SibCoin is now available to trade on Livecoin and YoBit platforms. Moreover, Bittrex one of the oldest and most reputable cryptocurrency exchanges out there, has also enlisted SibCoin recently.

The SibCoin team is currently working on two main areas; payout/payment collection services & exchanges, and the masternode-based services. As per the company, the SibCoin community is going to see a lot of feature additions to the platform during the year 2017.

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Top 6 Major Cryptocurrencies and the Differences Between Them … – The Merkle

Posted: at 8:39 pm

As most cryptocurrency enthusiasts are well aware of, there are different groups of currencies to take into account. The major cryptocurrencies are all offering something seemingly different, whereas the rest are mostly copy-and-paste clones. However, there are some big differences between the major cryptocurrencies, otherwise there would be very little point in distinguishing between them.

One of the main thing that Dash does well is providing its users with additional privacy when completing transactions. The network of Dash Masternodes provides these services, while also incentivizing users to not spend their wallet balance. Additionally, Dash is making quite an impact in the point-of-sale industry, through strategic partnerships. All things considered, Dash provides a valuable service to people looking for those specific traits.

When it comes to finding anonymous cryptocurrencies, one has to look well beyond bitcoin and others. Monero is leading the charge in the anonymity race due to some innovative concepts. Monero has also been embraced by darknet markets because it provides privacy and anonymity one cannot find in bitcoin. Other use cases for Monero are somewhat limited, though.

Although many have quite contrasting opinions regarding Ripple, one cannot ignore the benefits it brings to the table. Unlike other cryptocurrencies, Ripple is not about speculation, but strongly focuses on transactional utility. Dozens of banks around the world are looking at Ripple to improve their transactions and other day-to-day operations moving forward. Over the past few days, Ripples XRP token saw its price increase significantly due to a new banking partnership.

Over the past year or so, many people have compared Ethereum to bitcoin. That is like comparing apples and oranges, since both ecosystems are nothing alike. Ethereum focuses on the technical side of blockchain development, including native tokens, smart contracts, and decentralized applications. It is possible all of these features will come to bitcoin in the future, but it is good to have some competition among cryptocurrency ecosystems.

To a lot of people, litecoin is either a bitcoin cloneor one of the first original outcomes to gain traction. Litecoin offers a different mining algorithm and faster transactions. Interestingly enough, there are some development similarities between bitcoin and litecoin. Segregated Witness, for example, may very well activate on the litecoin network first before it will go into effect among bitcoin users. Litecoin is accepted as a payment solution in various places, although it is nowhere near bitcoins level of acceptance.

It is impossible to deny the success bitcoin has had. Even though bitcoin has some problems that need addressing, such as scalability and privacy, it has become the worlds leading cryptocurrency with relative ease. Bitcoin is designed to make global transactions possible and boost financial inclusion. Moreover, thousand of merchants all over the world have started accepting bitcoin payments, both in the online and offline world.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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Will self-regulation by Bitcoin players spur RBI to authorise use of virtual currencies? – YourStory.com

Posted: at 8:38 pm

The Digital Asset and Blockchain Foundation of India aims to create awarenessabout the benefits and risks of cryptocurrencies, liaise with regulators and get clarity on taxation, attract investment and set up incubators to promote startups.

Four years after it first warned the users of virtual currencies (VCs), including Bitcoin, in 2013 of the potential financial, operational, legal, and security-related risks that they were exposing themselves to, the Reserve Bank of India(RBI) recently again expressed concern over the risk-prone Bitcoin players, who have no authorisation to deal with Bitcoin.

But these warnings seem to have had no effect on the Bitcoin and cryptocurrency players, who that have now gone a step further and set upthe Digital Asset and Blockchain Foundation of India (DABFI) as a kind of self-regulatory body to lay down rules and regimes for the trading of Bitcoins and other blockchain-based digital assets.

The DABFI initiative is being spearheaded by Bitcoin startups such as SearchTrade, Zebpay, Unocoin, and Coinsecure, and follows from the need to ensure an orderly and transparent growth of the virtual currency market. The foundationis mandated to standardise KYC (Know Your Customer), AML (Anti-Money Laundering), and STR (Suspicious Transaction Report) norms for the member companies and create awareness about the benefits and risks of crypto-currency.

In addition, DABFI will alsoliaise with regulators and get clarity on taxation, attract investment and set up incubators to promote startups, build global relations and actively engage with the international community, and create a public website and regularly print reports on and around Bitcoin and the blockchain.

The foundation is currently working on creating awareness among investors and firms against such schemes and programmes that lead to problematic transactions and mistrust around cryptocurrencies. Vishal Gupta, CEO, Searchtrade and founding member of DABFI, says,

Bitcoin and other cryptocurrencies have tremendous benefits for most marginalised people, merchants, tax departments, and regulatory authorities. It has better price discovery, is anti-inflationary, and the transactions are irreversible.

Vishal says he appreciates RBIs warning in the light of many multi-level marketing (MLM) and network marketing companies offering cloud mining and alt coin, and promising unreal returns to investors. These companies, according to him, are trying to ride the popularity of Bitcoin and trapping uninformed investors with their schemes.

According to Bitcoin startups, since there is no formal recognition of Bitcoin or cryptocurrency, raising capital from accredited investors becomes a major challenge for them. Besides, there is little clarity about the taxation that is applicable to various types of Bitcoin transactions.

The RBI, on its part, maintains that it has not given any licenceor authorisation to any entityor company to deal with Bitcoin or any virtual currency, and as a result, any user, holder, investor, or trader dealing with virtual currencies will be doing so at their own risk.

In response to RBI's stance, Vishal says there is no real need to apply for any licence to deal in Bitcoin, since it has not been definitively identified as a currency yet. So, most businesses treat it as commodity trading, which does not require any sort of licensing.

Bitcoin players believe that self-regulation has worked for various industries that are not covered by any regulation. The Code for Self-Regulation in Advertising, for instance, adopted by the Advertising Standards Council of India (ASCI) has been widely accepted by regulators (through incorporation in the relevant rules), courts, and industry alike. DABFI has engaged an international law firm, Nishith Desai Associates, to assist it in developing norms for self-regulation.

Self-regulation does not work outside the framework of existing laws, but rather tries to create best practices for participating members to comply with established norms. Since blockchain is a relatively new technology, one that is still evolving, self-regulation helps, since experts who are in the know of development and working in the industry can keep pace with rapid developments and study compliances with the law on a day-to-day basis, says Vishal.

He emphasises that there are around 400,000 to 500,000 people who have bought or sold Bitcoin, and that the total market size is approximately Rs 2,000 crore a year in India. Most investors primarily use it as an investment rather than as a currency. Think of it as digital gold rather than currency, says Vishal. According to Mohit Kalra, CEO and Founder, Coinsecure,

"Regulating something so decentralised as Bitcoin is not an easy task. By the time authorities figure it out, all DABFI members will be working on self-regulation to ease out complications for the authorities and the community in the future.

Referring to the RBI caution, Sandeep Goenka, Co-founder of Zebpay, says, "The cautionary note addressed to the regular public is correct in its intention. Cryptocurrencies do face technical risks. However, the cautionary note should not be used against companies who are trying to do legitimate business and self-regulating themselves.

The Digital Asset and Blockchain Foundation of India is an association of people who are keen to propagate the use of digital assets like Bitcoin and Ethereum within India. It is engaged in educating people about the risk associated withinvesting and trading in cryptocurrencies. It also creates and propagates practices Bitcoin businesses must adhere to based on consultations within the industry, as well as with regulators and various other stakeholders. in addition, DABFI has organised various events, bringing in Indian and overseas experts to share their experiences in Bitcoin so as to help people gain a better understanding of the subject.

Cryptocurrencies and blockchain are poised to have a profound impact on both Indian as well as global economic landscape. Beyond currency, blockchain development is now moving into the space of decentralised contract and record management. This has huge implications for transparent governance and land record management, says Vishal.

Website:DABFI

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Bitcoin Casino Gambling Surges In March With Over 1 Billion Bets – newsBTC

Posted: at 8:38 pm

What is even more interesting is how over US$150m worth of bitcoin passed through all of these casinos.

It is evident there is a bright future ahead for bitcoin in the gambling industry. Particularly bitcoin-based provably fair gambling has become a lot more popular throughout 2017. Casinos and gambling platforms dealing with cryptocurrency offer many different benefits, that much is certain. Over 1 billion bitcoin-based bets were placed with bitcoin through March of 2017, which is a spectacular number.

There are plenty of reasons as to why people switch to bitcoin casinos. First of all, the vast majority of platforms focus on being provably fair. In doing so, these companies ensure players can manually verify the outcome of every game. Ensuring the casino doesnt have an unfair house edge is of the utmost importance. Traditional casinos cannot provide such unprecedented transparency.

Additionally, bitcoin offers a lot of advantages compared to traditional payments. First of all, bitcoin provides more privacy, as no personal information is exchanged. Additionally, it is also a transparent payment solution, as anyone can verify the payments in real-time. From a safety point of view, one can rest assured there are no chargebacks or refunds, which matter a lot to casino operators.

Finding the top bitcoin casinos is not an easy feat, although eery platform has something to offer. Most platforms have a wide variety of games and provide some great bonuses to boot. Thankfully, there are some good platforms keeping track of the top bitcoin casinos on behalf of cryptocurrency enthusiasts. Especially the year 2017 has been quite positive for bitcoin casinos in general, with thousands of players making the switch.

Although traditional casinos still have a lot of appeal, trusting them is virtually impossible. Scam accusations can be found all over the internet, and their restricted withdrawal options are not helping matters much either. All of this translates to exponentially increasing amounts of money being bet across bitcoin gambling platforms. Close to US$360,000 worth of bitcoin profit was generated for bitcoin casinos in March, which is quite impressive.

What is even more interesting is how over US$150m worth of bitcoin passed through all of these casinos. If this trend continues, it is very well possible the year 2017 will see US$2bn or more in bets on bitcoin platforms. The first quarter and first week of April combined have netted some interesting results so far. Over US$520m worth of BTC changed hands across 3 billion bets. This translates to 360 bets per second throughout the year, which is a staggering number. Things are definitely improving for bitcoin casinos, that much is certain.

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[Video] Introduction to Bitcoin and Blockchain Technology – 99 Bitcoins (blog)

Posted: at 8:38 pm

Not long ago I gave a talk at Israels first Blockchain conference. It was somewhat of an intro to Blockchain technology as a whole and Bitcoin in particular. Today I wanted to share this talk with you. You can also view the slides for the talk below the video to follow along.

If you enjoy the talk Id appreciate if you could upvote it on YouTube. If you have any questions, feel free to leave them in the comment section below.

Have fun!

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Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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