Zerolink to test Bitcoin anonymous mixer

Users are welcome to stress-test new solution for Bitcoin transaction anonymization for 10$
19 December 2017   789

The developer of IT-solutions for the bitcoin network Zerolink offers 100 volunteers to test the service-"mixer", which allows anonymous payments in bitcoins. Participation in testing is paid - $ 10. This is reported by the Bitcoin Com.

Zerolink is using a coin mixing solution based on Coinjoin. The project’s founder has issued an offer for 100 participants to enter a “massive scale Coinjoin”, and is offering a $10 bounty as an incentive. By stress-testing Zerolink at scale, the project’s developer hopes to prove that anonymous transactions on the world’s biggest blockchain are feasible.

Coin mixing does not automatically provide untraceability. Even if network level tracks are completely eliminated, examining transaction chains and other transaction metadata, attackers may still be able to recognize some patterns.


ZeroLink developer

The demand for anonymous crypto currency is growing. So, the Dash Crypto currency jumped to $ 1,200, Montero's crypto currency rose to $ 350, and Verge went up 4 times in a week. According to the author of the anti-virus software John McAfee, crypto-currencies with a higher degree of privacy of transactions "a great future".

BitPay to Receive New York's BitLicense

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers
17 July 2018   98

The well-known cryptocurrency processing service BitPay obtained a license to work with virtual currencies in the state of New York. Known also as BitLicense, this license is issued by the New York Department of Financial Services (NYDFS) and grants its holders the ability to conduct activities related to cryptocurrencies in the state.

NYDFS has carefully studied the company's application, including its policy on measures to combat money laundering, customer identification, fraud prevention, cybersecurity. The financial situation of the company was also thoroughly analyzed.

New York state has one of the strictest policies around businesses involved in cryptocurrency and working through the approval processes to obtain a License was important to BitPay. We believe this hard work will pay off as New York presents significant business opportunities for BitPay.

Stephen Pair

CEO, BitPay

Having received BitLicense, BitPay can now conduct business with New York-based companies and consumers: the first will be able to use the company's processing services to accept payments in Bitcoin and Bitcoin Cash, the latter will pay for various goods and services using these two BitPay supported cryptos.

Note that BitPay was only the eighth company that received BitLicense. Other license holders are Square, Xapo, Genesis Global Trading, bitFlyer USA, Coinbase, Ripple and Circle. In addition, special permissions for operations with crypto-currencies are exchanged by Gemini and itBit.