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While most people know BitFury as a company involved in mining Bitcoin, it is also an active investor in blockchain technology. The company recently made a key investment in REGA, a firm specializing in insurance products on the blockchain. It’s a rather surprising turn of events, even though BitFury sees merit in the “crowdsurance” business model. Bringing Insurance Products … Read more
Canada appears poised to become a new global hub for bitcoin miners. Already known to be attracting Chinese miners diversifying away from their home market with its cheap hydro-power electricity and cold climate, the country’s latest draw is easy access to capital. Firms such as Hut 8 are set to tap its welcoming market for … Read more
Most cryptocurrency users know that BitFury is working on a blockchain analysis tool. Until now, we never heard much about this project, other than how it helped identify a few hundred Bitcoin users with relative ease. In a recent blog post, the company explained that its new service will be known as Crystal. It is a … Read more
The ability to analyze and link Bitcoin transactions is something many governments and regulators hope to do more of moving forward. A lot of officials still think Bitcoin is anonymous, even though that is far from the case. BitFury Group recently demonstrated their latest analysis tool by de-anonymizing several million Bitcoin transactions. It’s an interesting turn of events, … Read more
Bitcoin transaction analysis has become an interesting topic of debate over the past few months. Although most governments claim Bitcoin to be anonymous, most people know that is anything but the case. Bitcoin lacks privacy, anonymity, and fungibility. BitFury Group has come up with a new way to analyze related Bitcoin addresses. Whether or not it … Read more
