Bitcoin Candy: Bitcoin Cash hard fork is on the way

Bitcoin Candy is a fork of Bitcoin Cash that is stated to occur at block height 512666 on January 13 and is going to apply anti-quantum attacks solutions of Bitcoin
11 January 2018   2306

The team of Bitcoin Candy has announced on the official website of the fork that Bitcoin Cash will undergo a hard fork at block height 512666, after which some of the improvements proposed by the community will be added to the forked chain. They are planning to explore anti-quantum attacks solution of Bitcoin based on the cryptography background.

The main features of Bitcoin Candy are stated as follows:

  • Fast: Block interval adjusted to two minutes
  • Lower threshold: Total supply adjusted to 21 billion
  • Decentralization: Equihash (GPU) PoW algorithm
  • Safe: Anti-quantum attack exploration and no SegWit

Bitcoin Candy logoBitcoin Candy logo

Other important features of Bitcoin Candy enlisted on the official website of the hard fork:

  • Hardfork height: 512666(Bitcoin Cash)
  • Estimated hardfork time: 2018/01/13
  • PoW algorithm: EQUIHASH(GPU)
  • Supply: 21 billion
  • Distribution ratio: 1:1000
  • Pre-mine: Yes, 1% of supply will be pre-mined
  • Block interval: 2 minutes
  • Replay protection: Yes
  • Block size: 8M
  • Segwit: No
  • Difficulty adjustment: Difficulty adjustment

Dutch Authorities to Shut Down Bestmixer

The service is accused of launder over $200M worth crypto with coin "mixing" - spliting the amount and mixing it with other coins from different sources
23 May 2019   411

The Bitcoin mixing service Bestmixer was forced to cease operations after a nearly one-year investigation of money laundering charges. It is reported by Bleeping Computer.

Like other similar services, split the amount in bitcoins into smaller transactions and mixed them with transactions from other sources in order to hide their origin, and then transfers the entire amount minus the commission to the final address.

It also offered similar services with Litecoin and Bitcoin Cash.

The investigation believes that service customers could launder money through cryptocurrency.

Bestmixer offered a very clear page on why someone should mix their cryptocurrency. On this page Bestmixer described the current anti-money laundering policies and how its service could help evade these policies by making funds anonymous and untraceable. Offering such a service is considered illegal in many countries.

John Fokker

Head of Cyber Investigations, McAfee

Bestmixer was opened in May 2018. For the year of its existence, its turnover amounted to about 27,000 BTC (approximately $ 200 million). Fiscal Information and Investigation Service claims that a significant part of the funds passed through the mixer was obtained as a result of conducting illegal activities or was used to finance criminal gangs.

Policemen confiscated a domain and six servers in Luxembourg and the Netherlands. In addition, they got access to all transactions carried out using the service, cryptocurrency and IP-addresses, as well as messages from the chat. This information is currently transmitted to Europol.