WIRE TRANSFER - BITCOIN TRANSACTION - MINING ALGORITHM


WIRE TRANSFER	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. ^{Source + Source}
BITCOIN TRANSACTION	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}
MINING ALGORITHM	it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. ^{Source + Source}
MIXING SERVICE	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}


WIRE TRANSFER	commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. ^{Source + Source}
BITCOIN TRANSACTION	as long as a transaction is unconfirmed, it is pending and can be forged. the transaction is known almost immediately by the whole network. after signed, a transaction is broadcasted in the network, sent from one peer to every other peer. only after a specific amount of time the transaction gets confirmed. when a transaction is confirmed, it is set in stone. a transaction is a file that says, “user_a gives x bitcoin to user_b“ and is signed by user_a‘s private key.^{Source + Source}
MINING ALGORITHM	bitcoin’s mining algorithm is sha256, whilst litecoin & dogecoin’s are scrypt. the algorithm used by a cryptocurrency to sign transactions, these vary across different cryptocurrencies. ^{Source + Source}
MIXING SERVICE	it has the potential to be used for money laundering. a mixing service (also known as a tumbler) preserves your privacy because it stops people tracing a particular bitcoin to you. a service that mixes your bitcoins with someone else’s, sending you back bitcoins with different inputs and outputs from the ones that you sent to it. ^{Source + Source}

Cryptocurrency News - Top Stories !

Target Twitter Account Hacked, Platform Defenseless Against Crypto Scammers - newsBTC

newsBTC: The official, verified Twitter account of a leading U.S. retailer has been compromised by hackers, who are leveraging the account to steal cryptocurrencies from investors in an apparent giveaway scam.

No Coins for You! Michigan Bans Crypto Donations for Political Campaigns - CCN

CCN: In the letter signed by Michigan Secretary of State Ruth Johnson, it was stated that campaign donations may not be made in bitcoin and other cryptocurrencies because, by nature, the value of these crypto assets is not fixed, and their volatility makes ...and more ...

Novogratz's Crypto Firm Turns to Tokenization of Real Estate - Bloomberg

Bloomberg: Billionaire investor Michael Novogratz is getting on the bandwagon for the “tokenization” of assets such as real estate while prices in the cryptocurrency market languish. “So while it feels like a crappy bear market, and it has been in coins ...and more ...

Swiss Crypto Bank Startup Expects to Receive Banking, Securities Dealer License in 2019 - Cointelegraph

Cointelegraph: In the November interview, Bühler noted that SEBA Crypto AG expects to receive a banking and securities dealer license from Swiss financial market regulator FINMA in the first half of 2019. That license would allow the firm to conduct crypto trading ...

Claim: Crypto Exchange Lost $500000 Due to AurumCoin 51% Attack - CCN

CCN: A little-known cryptocurrency called AurumCoin (AU) has claimed that it was hit by 51 percent attack, and crypto exchange Cryptopia, where the cryptocurrency is listed, lost 15,752.26 AU (approx. $550,000 at the time of writing this article). However ...and more ...

Japan: Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack - Cointelegraph

Cointelegraph: Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this ...

Germany: Bitcoin.de Crypto Exchange Operator to Acquire 100% of Investment Bank Tremmel - Cointelegraph

Cointelegraph: Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the ... only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according to ...

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WIRE TRANSFER - BITCOIN TRANSACTION - MINING ALGORITHM - MIXING SERVICE -

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