“Early next year we’re going to allow cryptocurrencies to be a funding source for any transaction happening at all 28 million of our merchants, and that will significantly bolster the utility of cryptocurrencies," Schulman said.
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CipherTrace says it is closer to cracking privacy coin Monero's anonymity—and that this is good for Monero (Photo: Pixabay)CipherTrace: We’re closer to cracking Monero’s privacy
The blockchain analytics firm claims two new patents will allow it to detect and track criminals using the leading privacy coin
The Nov. 20 announcement covers a number of tools and methods that bring CipherTrace closer to being able to track Monero transactions—although not break the privacy of individual users, the firm stressed. CipherTrace said it has been working on those tools since early 2019, as part of a Department of Homeland Security project. The firm claims that the new developments have laid the groundwork for future tools “like entity transaction clustering, wallet identification, exchange attribution, and other functionality that will provide law enforcement with even more tools for investigating Monero transactions and addresses related to criminal activity.”
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German Finance Minister Olaf Scholz is not looking forward when its comes to private digital currencies (Photo: Pixabay)I do not support cryptocurrencies: German Finance Minister
The minister argued that the German and European banking systems need digital innovation, but without private digital currencies playing a role in it
Scholz’s remarks concerning private digital assets—which arguably includes all cryptocurrencies and stablecoins—is just the latest confirmation that the financial system is improving as a way to protect itself from private competition.
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Another big mainstream investor, Blackrock CIO Rick Rieder, says bitcoin outshines gold (Photo: Twitter)BlackRock CIO Rick Rieder argues Bitcoin could replace gold
The chief investment officer of the world’s largest asset management firm admits he cannot estimate Bitcoin’s value, but recognizes that it may be a better store of value than gold
The chief investment officer at the world’s top asset manager, BlackRock, argued that Bitcoin may be a better store of value than gold. “It's hard to say whether it's worth the price it is trading at today. But do I think it is a durable mechanism that—do I think could replace gold to a large extent? Yeah I do, because it's so much more functional than passing a bar of gold around.”