• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement

SABR.io Identifies Illegal Activity on Blockchains, Willing to Work With Law Enforcement

Jp Buntinx by Jp Buntinx
8 years ago
in Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Bitcoin Education, Bitcoin Service, Bitcoin Technology, Companies, Legislation, News, News teaser, Services, Start-Ups, Technology
0

Blockchain analytical tools and services are both a blessing and a curse, according to Bitcoin industry experts. The Bitcoin community is divided into two camps: those who embrace the transparent aspect of the blockchain and financial transactions, and those who want to use anonymizing services to cover their tracks. Unmasking Bitcoin transactions could throw a monkey wrench into the plans of that second category of users, and Sabr.io aims to do exactly that.

Also read: smsBlockChain – Blockchain Analysis Via SMS

SABR.io – Identifying and Locating Criminal ActivityBitcoinist_BTC_Sabr Blockchain Analysis

The business model associated with the Sabr.io service is noble and honorable, as the company wants to eliminate any criminal activity associated with virtual currencies. Achieving that goal will not be easy, yet Sabr.io is confident in their ability to monitor multiple blockchains and detect any discrepancies or strange behavior.

But that is not all, as SABR will also integrate data from public and proprietary sources. All of this is made possible thanks to the company’s unique and strategic partnerships in the digital currency world, which provide SABR with information that would otherwise be inaccessible. Collaboration with law enforcement to track down illicit Bitcoin users will be a major step forward towards legitimizing digital currency.

Gathering all of this information is one thing, but making it easy to interpret for the everyday consumer is something else entirely. SABR is focusing a lot of their efforts on simplicity and focus of their reports, removing the entry barrier level of pre-existing technological knowledge entirely. More importantly, every SABR client will receive individual and dedicated support from the company’s engineers.

What is of particular interest about this company is their address, which is exactly the same as the address belonging to Barry Silbert’s VC company Digital Currency Group. That VC company invested in ShapeShift a digital currency exchange platform allowing users to trade various currencies intermittently without having to create an account.

Blockchain analytics as a business model could prove to be quite beneficial in terms of Bitcoin regulation as well. Working together with law enforcement to remove any criminal activities in the world of Bitcoin and digital currency is exactly what is needed right now. Whether or not the information provided by SABR will be valuable and legitimate, is something only time will tell.

Financial Freedom Should Not Equal Financial Anonymity

Bitcoin, as a financial tool, provides a certain level of user privacy compared to traditional methods. Yet at the same time, Bitcoin was never intended to be used anonymously, even though a lot of people would love to see such a feature enabled in the future. Consumers who have nothing to hide, don’t need to be fully anonymous when conducting transactions online.

Playing devil’s advocate for a moment, spending habits being publicized online could open up the floodgates for more marketing campaigns aimed towards Bitcoin users. This could be either positive or negative, depending on how individual consumers wish to look at it. But one thing’s for sure: analytical tools can be quite valuable to the overall Bitcoin ecosystem.

What are your thoughts on SABR and its potential use cases? Do you prefer financial anonymity at all times when using Bitcoin? Let us know in the comments below!

Source: Reddit

Images courtesy of Anonymity in Bitcoin, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

Tornado Cash

Stormy Times For Tornado Cash: Token Plummets 60% Following Binance Delisting

5 hours ago
Bitcoin

$57,000 Beckons: Bitcoin Ascent Hinges On Pending ETF Approval, Analyst Says

13 hours ago
Bitcoin

Bitcoin Mining Difficulty Adjustment Triggers Record High, Time For $40,000?

1 day ago
The Demise Of Inferno Drainer: Accomplice In $70 Million Fraud Uncovered

The Demise Of Inferno Drainer: Accomplice In $70 Million Fraud Uncovered

1 day ago
Bitcoin

Bitcoin Traders Withdraw $1 Billion From Exchanges – Price Surge Incoming?

2 days ago
Bitcoin central bank

Pro-Bitcoin President Milei Wants To Dissolve Argentinian Central Bank, Here’s Why

3 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • New Investment Opportunities Arise, Overshadowing Cardano...

    2 hours ago
  • ChatGPT Predicts New Year Prices for Dogecoin, Nugget Rush...

    5 hours ago
  • These Altcoins Can Potentially Outshine BTC in 2024 Despite...

    6 hours ago
  • USDT Rewards, Staking, and More: Learn How You Can Earn...

    12 hours ago
  • Didn’t Catch the Bitcoin Wave? Here’s Why Rebel...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.