Dash Core Group to Release Next Update, to Launch Testnet By Yearend

Dash Core Group sets the release of its next update and says the Dash platform will still come out by the end of the year.

The Dash Core Group plans to release another update for its Dash platforms near the end of August, the company announced. The group recently came out with its third release for its newly defined process. 

New functionalities to the Dash platform are released every six weeks so the next will launch between August 25 and September 8.

As always, the most recent release means all data on Evonet has been wiped. The newest updates features document timestamping, an improved DAPI client for better code quality, usability and testability, an improved distribution package, and a platform test suite for developers to use.

Users can expect four more releases before the Dash platform enters a new phase of its product cycle. The testnet is still expected to be delivered by the end of the year.

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‘Bitcoin Is Not a Privacy Coin’ Says Crypto Evangelist Andreas Antonopoulos

'Bitcoin Is Not a Privacy Coin' Says Crypto Evangelist Andreas AntonopoulosAndreas Antonopoulos discussed how he desired to see Bitcoin have more “privacy features” in a recent live stream Q&A session published on Youtube on July 7. Antonopoulos discussed the privacy-centric coin monero and concepts like stealth addresses and ring signatures. Every once in a while, the well known cryptocurrency expert and evangelist, Andreas M. Antonopoulos, […]

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Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law EnforcementAn international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK’s National Crime Agency (NCA), Europol, Eurojust, and several other authorities announced on Thursday that they have infiltrated and taken down an […]

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The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies

The IRS Investigation Division Is Requesting Information About Privacy-Centric CryptocurrenciesThe United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks, sidechains, and the Schnorr Signature algorithm.” A recently published IRS-CI Cyber Crimes Unit request that’s […]

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IRS Wants to Track ‘Nefarious’ Privacy Coin and Lightning Transactions

The IRS is looking to expand its investigative capabilities around privacy coins, layer-two solutions, and sidechains.

The United States’ Internal Revenue Service (IRS) is seeking information and tools to help it trace transactions using privacy coins, layer two protocols such as Lightning Network and side chains like Plasma and OmiseGo (OMG).

A June 30 request for information published by the U.S. Department Of The Treasury reveals the IRS’ Criminal Investigation Division is seeking submissions for “an interactive prototype” with a graphic user interface for analyzing distributed ledger-based transactions involving privacy coins and other privacy-enhancing blockchain technologies.

IRS peeks into privacy

The document explicitly names Monero (XMR), Zcash (ZEC), Dash (DASH), Grin (GRIN), Komodo (KMD), Verge (XVG), and Horizon (ZEN) among the privacy coins that the IRS hopes to target, in addition to the layer-two solutions Raiden Network, Celer Network, and Lightning.

The IRS requests that prototypes detail systems for “clustering transactions” from a single user who is using “privacy coins and obfuscation technologies”; compile a library of wallet addresses associated with “suspected or known to be involved in nefarious activities”; and identify other addresses associated with said nefarious wallets.

The agency also requests that the system include “a mechanism for sharing investigative research between investigators”, secure data export and import functionality, and estimates on proposed systems’ cost and return on investment. 

Hard to track privacy coins

Despite the bold ambitions of the IRS’ cryptocurrency tracing initiative, the agency acknowledges that few resources currently exist for tracking the movements and addresses of privacy coins:

“Currently, there are few investigative resources for tracing transactions involving privacy cryptocurrency coins, layer-two network protocol transactions, side-chain ledger transactions, or transactions on distributed ledgers that are adopting signature algorithms that provide privacy to illicit actors.”

The regulator also highlighted the dynamic nature of innovation in privacy-enhancing technologies, noting challenges presented by Schnorr Signatures — which were partially implemented by Bitcoin Cash (BCH) last year.

The deadline for prototype submissions is July 14.

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