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Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes

If Chainalysis is right, only a small fraction of coins sent to and from bitcoin mixers are used for illicit purposes. 

In a recent webinar titled “Cryptocurrency Typologies: What You Should Know About Who’s Who on the Blockchains,” the blockchain analytics firm suggested that users of mixing servicesmostly leverage the option for privacy reasons. Many darknet users, in contrast, send their coins…

What Pushed Bitcoin Past All-Time Price Highs This Week (And What’s Next)?

It may be a milestone that is losing some of it’s novelty, but bitcoin once again eclipsed its all-time price high this week, reaching a USD value of $49,000 on Bitstamp today. Sometimes bitcoin’s price movement can be difficult to parse but, in this case, there was a series of significant news items and events that likely propelled BTC to its current heights. What Pushed Bitcoin To Its Latest…

Mayor’s Proposal To Integrate Bitcoin Into Miami’s Operations Receives Approval

In a Twitter video posted late last night, Miami Mayor Francis Suarez announced that city commissioners have supported his resolution to explore letting residents pay city fees or property taxes in bitcoin, allowing city employees to receive compensation in bitcoin and giving Miami the opportunity to invest in bitcoin. “I want to thank the city of Miami commissioners for supporting my…

Jack Dorsey, Jay-Z Launch Bitcoin Development Endowment

Earlier today, Twitter CEO Jack Dorsey announced a partnership with hip-hop mogul and billionaire Sean Carter, aka Jay-Z, to create a Bitcoin development endowment focused initially on teams in India and Africa.  JAY-Z/@S_C_ and I are giving 500 BTC to a new endowment named ₿trust to fund #Bitcoin development, initially focused on teams in Africa & India. It‘ll be set up as a blind irrevocable…

In First Activation Meeting, Bitcoin Developers Discuss Paths For Taproot

Taproot was merged into Bitcoin Core in October 2020, leaving only the activation method for this highly-anticipated protocol upgrade focused on adding smart contract flexibility and more transactional privacy to Bitcoin. Last week, the Bitcoin development community gathered via Internet Relay Chat (IRC) to discuss the parameters of the Taproot activation and two code pull requests (PRs) of the…