26 Jul '17, 12am

BitMixer shuts down to ‘make Bitcoin ecosystem more clean’ https://t.co/PRGvcLIQbc

Bitcoin mixing service BitMixer announced Saturday that it was shutting down its operations effective immediately. In a statement on the Bitcointalk forum, the service’s administrator cited altruism as the reason for the action. He wrote: “I hope our decision will help to make [the] Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too.” Bitcoin mixing services help users mask identities behind their transactions on the blockchain. Because the blockchain is public, analysis can determine a user’s identity and financial history. This makes mixing services popular with those purchasing illicit items such as drugs on dark net markets. DarkNetMarkets, a site dedicated to dark web content, listed BitMixer as one of the four best mixers in 2017. Online financial technology magazine The Merkle ranked it second...

Full article: https://venturebeat.com/2017/07/25/bitmixer-shuts-down-to...

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