Image Image Image Image Image Image Image Image Image Image Image Image

| February 17, 2019

Scroll to top

Top

owners Archives -

SEC Solicits Blockchain Analysis Tool to Identify Wallet Owners

February 3, 2019 |

While U.S. investors are waiting for a bitcoin ETF to be approved, American financial regulators are looking to make the market more transparent. The Securities and Exchange Commission (SEC) is seeking a service that will identify the owners of wallet addresses for multiple cryptocurrencies.

Also Read: Chainalysis: Two Hacker Groups Stole $ 1 Billion in Crypto

The SEC Wants Crypto Transaction Details

The SEC has issued a ‘sources sought notice’ on January 31, searching for companies that can provide blockchain data to support its efforts to monitor risk and improve compliance of digital assets. The regulator is seeking a service for acquiring data on the “most widely used blockchain ledgers, including the universe of available information and transaction details.” The desired sources should provide the SEC with the capability to derive insights from available data, including “attribution data (i.e. to whom a particular address belongs).”

SEC Solicits Blockchain Analysis Tool to Identify Wallet Owners

Additional required capabilities by the SEC are the provision of data extracts on a recurring basis for the most widely used digital assets based on transaction volume; cleaning and normalizing the data to enable review and exploration; and the means to demonstrate data is accurate and complete. For this, the SEC wants a verification method it can use to ensure there is no data loss due to the processes designed to make the information easily readable.

Moving Forward on Bitcoin ETF?

The SEC is also looking for information on which of the most popular digital assets data can be provided on, options for data sharing and data transmission, processes and tools used to aggregate and compile the data, and other metrics mentioned in the document. Vendors that wish to present their services need to provide cost estimates for ongoing access or subscription to the requested data and should respond to the notice by Feb. 14, 2019.

SEC Solicits Blockchain Analysis Tool to Identify Wallet Owners

The American securities regulator has been the center of a lot of attention from institutional investors recently, as its approval is needed for U.S. financial companies to offer a bitcoin ETF. Perhaps the description of the monitoring capabilities that the SEC is seeking explains the transparency the regulator is seeking before green-lighting an ETF.

What do you think about the SEC’s intentions? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post SEC Solicits Blockchain Analysis Tool to Identify Wallet Owners appeared first on Bitcoin News.

Bitcoin News

IRS releases rules on 20% tax break for pass-through business owners

January 18, 2019 |

Business owners — and their accountants — can rest a bit easier: The Internal Revenue Service has provided the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul.

The regulations detailing the new 20% deduction for pass-through business…


L.A. Times – Business

Password Manager App Dashlane Mocks Cryptocurrency Owners

December 13, 2018 |

Password Manager App Dashlane Mocks Cryptocurrency Owners

Having strong passwords is important for everyone in today’s world as it is full of hackers and other cyber criminals. And as cryptocurrency is value stored in code, it is no surprise that its owners are among the most paranoid about their data security. However, strong keys aren’t worth much if you can’t remember them. 

Also Read: Report: Lightning Network Still Way off Being Ready for Use

We Are Number Three

Password Manager App Dashlane Mocks Cryptocurrency OwnersDashlane is a New York-based password manager app with reportedly ten million users around the globe. It also features a digital wallet for aggregating credit cards and bank accounts. On Wednesday, the company released its third annual “Worst Password Offenders” list, highlighting high-profile individuals and groups that had the most significant password-related blunders in 2018.

Cryptocurrency owners were ranked third on the list. “As the value of cryptocurrencies reached record levels at the beginning of the year, scores of crypto owners had the potential to cash out — if they could remember their passwords,” Dashlane explained. “The news cycle was rife with reports of people resorting to desperate measures (including hiring hypnotists) to attempt to recover/remember the forgotten passwords to their digital wallets.”

Use Some Common Sense

While forgetting the keys to access their digital wealth was the problem for many crypto owners that made it to the media, having weak passwords is still the number one issue for most people. This was exemplified by the number one person on the list, Kanye West, who famously unlocked his iPhone with the code “000000” during a televised meeting with President Trump.

Password Manager App Dashlane Mocks Cryptocurrency Owners

“Passwords are the first line of defense against cyber attacks. Weak passwords, reused passwords, and poor organizational password management can easily put sensitive information at risk,” commented Emmanuel Schalit, CEO of Dashlane. “The sheer number of accounts requiring passwords means everyone is prone to make the same mistakes as the Password Offenders. We hope our list serves as a wake-up call to everyone to follow the best password security practices.”

The company recommends that you never use passwords that are easy to guess or are shorter than eight characters. And every one of your accounts needs a unique password so that if one service is compromised the rest of your passwords remain secured.

Did cryptocurrency owners rightfully earned this ranking? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Dashlane.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Password Manager App Dashlane Mocks Cryptocurrency Owners appeared first on Bitcoin News.

Bitcoin News

Dogs Escaped the Ponds on Their Own. Their Owners Couldn’t

December 11, 2018 |

Authorities are warning people to think before they act after the second death in two days of people falling through ice to save their dogs. A man in his 20s died Monday after falling through an icy pond at an apartment complex in Indianapolis, where his dog had gone exploring,…
Newser

California card club owners fear new gambling regulations could force them to fold on blackjack-type games

December 5, 2018 |

A single mother, Carolyn Uzeta worked her way up over 18 years from cocktail waitress at the Gardens Casino in Hawaiian Gardens to the card club’s manager of training and development.

“I saw gaming as something I could be good at,” Uzeta said as she dealt cards for blackjack poker, a variation…


L.A. Times – Business

Prime Beverly Hills development site is sold to owners of next-door Beverly Hilton

November 16, 2018 |

A former department store site in Beverly Hills that has been slated for a $ 1.2-billion hotel and condominium complex is being sold to its next-door neighbors and rivals — the owners of the Beverly Hilton and Waldorf Astoria hotels.

The sale by Dalian Wanda Group, one of China’s largest private…


L.A. Times – Business

MTV Owner’s Streaming Strategy: If You Can’t Beat Them, Feed Them

October 21, 2018 |

Viacom is rebooting MTV’s “The Real World” franchise for Facebook, the latest sign that the cable-TV giant has stopped fighting the growing dominance of digital players like Netflix and is instead producing shows—and soon movies—for them.
WSJ.com: US Business

Some small business owners could avoid cap on state and local tax deduction after IRS clarifies new rules

September 6, 2018 |

Small business owners could avoid a new federal limit on state and local tax deductions after the Internal Revenue Service said Wednesday that rules it released last month to prevent efforts in California and other states to circumvent the cap apply only to individuals.

Businesses will be allowed…


L.A. Times – Business

Here’s what a ‘silver tsunami’ of retiring baby boomer business owners could mean for their workers

September 2, 2018 |

As Labor Day arrives — and economic inequality rises on the political agenda — a little-noticed measure in the recently signed defense spending bill aims to address the widening wealth divide between workers and the owners or top executives who manage them.

The measure, co-sponsored by Sen. Kirsten…


L.A. Times – Business

South Africa to Seize Land from White Owners

August 20, 2018 |

The South African government has begun the controversial process of seizing land from white farmers in cases where negotiations to purchase the plots have fallen through. Per Newsweek , two game farms in the country’s Limpopo province will be the first ones taken under the order after their owners declined to…
Newser