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Cryptocurrency doesn’t guarantee financial privacy, researchers find

Cryptocurrency doesn’t guarantee financial privacy, researchers find


Popular cryptocurrency Bitcoin has been used for 8 years to make anonymous payments on the web, and is now also accepted by Microsoft, Newegg and Overstock. But the payments are not as below the radar as Bitcoin adepts might think, according to researchers from Princeton University who analyzed 130 merchants who accept Bitcoin.

The group used two attack methods to investigate how third-party web trackers that store user data for advertising and analytics can expose the identity of the users, even though blockchain anonymity techniques such as CoinJoin are deployed.

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