The creator of HiddenWallet, Adam Ficzor, recently unveiled a new type of wallet where Bitcoin users who are concerned about writing their financial history to a public blockchain won’t have to think twice anymore.
Wasabi is a desktop wallet that was unveiled at Building on Bitcoin 2018, which is an industry conference dedicated to new technical developments. Even though it was announced as a new implementation of the project known as HiddenWallet before, Wasabi has launched under a new company named zk-SNACKs.
As such, Wasabi is more than just an upgrade on HiddenWallet – but a completely different wallet rewritten from scratch and with a lot of new features. Even though the interface doesn’t really impress, the real benefit of using Wasabi comes from its privacy on a public blockchain.
As ZeroLink-compliant, Wasabi uses Chaumian CoinJoin and enforces a constant 100 anonymity set. In other words, this wallet prevents blockchain analytics firms and other snoopers from spying on your transactions by “mixing” your coins with other users’ funds when a transaction is initiated.
Obviously, this makes it hard for any observer to decipher the sender and receiver of specific payments. Wasabi does all this without the help of a centralized coordinator. There is a light wallet too which can make Wasabi run without a full node.
According to Wiczor, the guy behind Wasabi:
“This is the only truly light wallet that is already deployed and that does not fail against network analysis, thus protects your privacy against network observers.”
Just like most of the mixing services, Wasabi charges a fee of 0.3% for mixing which is lower than the 3% fees charged by some services.
As Wiczor concluded:
“The 10 year anniversary of the Satoshi whitepaper is coming up. It would be great to be able to use bitcoin in a fully anonymous way with Wasabi wallet on that date. I want you to join your coin with mine.”
Bitcoin (BTC) Price Holding Onto Crucial Support Levels: An Increase Is Likely
- Hourly MACD – The MACD is most likely moving back in the bullish zone in the near term.
- Hourly RSI (Relative Strength Index) – The RSI for BTC/USD has changed hands with 40 and it is currently moving higher towards 50.
- Major Support Levels – clearly the Bitcoin (BTC) price of $5,200 was followed by $5,160.
- Major Resistance Levels – now, they are set at $5,260, $5,300 and $5,330.
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South Korean Exchange Coinnest Announces A Shutdown
“It is a natural result of a decrease in trading volume. Both regulatory issues and business decisions have served as a background for this decision. The cynical nostalgia and passion alone can not cope with the changes and movements of the cipher and block chain industry measured at this time."According to an official, the South Korean exchange Coinnest and its closure comes as a result of a decrease in trading volume, regulatory issues and business decisions. All of these factors have served as a background for this decision. As reported in the altcoin news section of many crypto news sites, the decision comes after a bad year for the exchange. One year ago, an executive of the firm was arrested on suspicion of fraud and was later convicted, being jailed and having to pay a 3 billion Korean won (approximately $2.5 million USD) fine. The South Korean exchange Coinnest also lost more than $5 million in a mistaken airdrop this January, which piled up to the bad news for the firm. As soon as that happened, the firm revealed that Bitcoin and other altcoins were sent to customers due to a computer error. Since then, the exchange had been trying to distribute We Game Tokens (WGT) to repay for the lost funds because of the incident. As reported by many best cryptocurrency news sites before, Coinnest was also once the third largest cryptocurrency exchange based on the domestic volume and was a popular name on the South Korean market.
Dark Web Drug Dealers Indicted After Laundering $2.3 Million In BTC
“If you are engaging in illicit activity on the dark web, you are on notice: We know how to find you. We know how to put you out of business. And we know how to hold you criminally accountable.”One of the three dark web drug dealers Ronald MacCarty used a bitcoin machine as the best cryptocurrency news sites reported, and owned a sham drug ship in New Jersey. The other defendant Chester Anderson kept a collection of crypto books at his home. They managed to launch the operation in 2016 and the law enforcement got their heads in the game in 2017 after an anonymous tipster. The bust operation was coordinated with the Operation Crypto Sweep that was launched in 2018 by the US and Canadian regulators. As the latest cryptocurrency news reported, the North American Securities Administrators Association sent 70 cease-and-desist orders to operations of fraudulent crypto companies across the United States. Dark web drug dealers and other crypto criminals got a warning from the NASAA:
“Crypto-criminals need to know that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes and scams.’’
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