Edward Snowden warns of privacy vulnerabilities in Bitcoin transactions, emphasizing risks of tracing.

From Investing.com

July 28, 2024 11:00 AM:

Edward Snowden warns of privacy vulnerabilities in Bitcoin transactions, highlighting the risks of tracing transactions to individual users. Governments and corporations can use AI to create detailed profiles without consent, based on transaction data. Raising awareness and enhancing security is crucial to protect financial privacy. The evolution of Bitcoin to balance privacy and core principles remains uncertain amid global discussions on cryptocurrency adoption.

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