Contrary to belief, Bitcoin transactions are not fully anonymous. Just simply buying Bitcoin requires you to provide personal data to adhere to strict KYC (know-your-customer) and AML (anti-money laundering) measures in place.
Some of the personal data and info you’ll be asked to provide can include but is not limited to, your personal phone number, your home address, and a copy of your passport or ID, which will have an image of your face.
Each and every transaction you make is disclosed on a public ledger and, with the data you provide, can be easily traced back to you.
As the new normal veers towards working from home, traders face one of the biggest challenges: creating a good trading desk setup and environment at home.
You can have all your tech ready to go – blazing-fast WiFi, crystal-clear webcam for those Zoom calls, and even noise-canceling headphones pumping out your favorite tunes. But all in a setup like this:
USDC is one of the most successful responses to the concern that for Satoshi’s new electronic payment system to work on a larger scale, transacted currencies need to maintain a stable value. With USDC, you can comfortably make daily purchases with crypto, or accept crypto at your business.
Harmony ONE tokens swap privately with Incognito Privacy Wallet. This will enable users to hold, send and receive their tokens in complete privacy, thanks to a bridge built between Incognito and Ethereum.
Holders of TOMO will now be able to send, receive and store their tokens with total privacy. Incognito is excited to announce that a bridge has been built between TomoChain and the Incognito sidechain, allowing TOMO holders the option of enabling incognito mode for their crypto whenever needed.
“TomoChain is one of the most exciting projects in this space today,” said Duy Huynh, founder of Incognito. “The team and community continually develop and acquire use cases for its technology; with Incognito, they now have an option to enable privacy for not just TOMO, but also TRC20 tokens and dApps created on TomoChain.”
Current blockchain interoperability solutions mostly involve building ad-hoc bridges (Cosmos, Polkadot). As the number of blockchains increases, doing it ad-hoc is no longer an option. We just can’t build N2 bridges.
Scheduled for Q1 2020, Incognito Portal takes a different approach: build once, work with any blockchain. Portal is a general bridge design that connects Incognito to any number of blockchains, allowing for secure two-way transfers of crypto whenever privacy is needed. This means any coin can now be a privacy coin.