When a new user hears the word cryptocurrency, the first thing that springs to mind is anonymity. In fact, in its early days there was an assumption that because cryptocurrencies such as Bitcoin were untraceable and anonymous, they were a safe haven for criminals. The notion was that crypto allowed users to conduct private transactions that banks, governments, and law enforcement organisations were powerless to track. However, while cryptocurrency does provide privacy, personal information such as an investor's name, address, and phone number can still be traced.
In the initial 2008 white paper that introduced blockchain technology via bitcoin, the concept of invisibility or anonymity was promoted. The idea was based on the fact that just two parties are involved in the activity because cryptocurrency enables for direct peer-to-peer transactions over the internet.
However, any blockchain transaction is documented using the sender's and receiver's crypto-wallet addresses. All the...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...