Samourai

On September 20, a group of developers announced the launch of the Ashigaru Open Source Project, a fork of the privacy-focused Bitcoin wallet, Samourai Wallet. Ashigaru aims to continue developing privacy tools while addressing the limitations imposed by centralized components, following the legal troubles faced by Samourai’s original development team. The Samourai Wallet Case: A Backdrop for Ashigaru’s Creation According to its website, this new project is rooted in open-source principles and focuses on decentralization. Ashigaru’s developers also aim to…

The post U.S. DOJ Cracks Down on Samourai Wallet for Alleged Money Laundering appeared first on Coinpedia Fintech News Samourai Wallet developers released a beta version in 2024 allowing atomic swaps of bitcoin/monero. This new feature streamlined secure swaps between BTC and XMR using the Tor network. This release came amidst government scrutiny of privacy coins and exchanges delisting them.  In October, FinCEN proposed new rules for crypto-mixing services. This was done to reduce money laundering risks. Also, starting from…

The Samourai Wallet is a well established Bitcoin-only mobile wallet option for Android users. The platform combines many different features and unique functions to deliver a well-designed and useful wallet for the average user. Today, Samourai has a reputation for its ability to send and receive secure and private transactions. Additionally, it was one of the first mobile wallets to support SegWit transactions in the market. This pioneering spirit is another reason this project continues to gain momentum. Benefits of…

The world first heard of cryptocurrencies in 2009. Despite the initial skepticism over the digital coins and blockchain technology needed, the world slowly grew warm to the idea of decentralized currencies. With time, cryptocurrencies have attracted an increasingly massive number of global users. However, as the crypto industry continues to gain popularity, the chances of crypto cybercrimes increase. Cybercriminals are using ransomware-like tactics from various target devices to secretly mine cryptocurrencies. Cryptocurrency mining became a lucrative business as cryptocurrencies grew…