Bitmixer is shutting down

One of the biggest Bitcoin mixing services is closing down 
26 July 2017   1391
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

On July 24 the operator of the website and bitcoin mixing service Bitmixer.io announced the operation is now ending its mixing services. This is reported by the Bitcoin.Com

Bitmixer is one of the most popular bitcoin mixing and tumbling services. The service started in 2014, and the platform was processing 65,000 BTC per month according to the operator of the site. Bitmixer provided digitally signed proof of every order and offered instant mixing with a big reserve. The operation also had an official Tor mirror as well on the deep web.

Despite the huge profit we earn, we are closing our activity. Let me explain why.
I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin. 
I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.
 

Bitmixer.io team

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

This news comes right away after the recent global law enforcement shutdown of Alpha Bay. Many users asked Bitmixer team, were them threatened by law enforcements. A lot of darknet markets users use mixers to cover their tracks. However, the operator of Bitmixer thinks that this is a ridiculous assumption.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.