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Can You Mix It? An Analysis of Bitcoin Mixers

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Third-party mixers are used to heighten the anonymity of Bitcoin users. The mixing techniques implemented by these tools are often untraceable on the blockchain, making them appealing to money launderers. This research aims to analyze mixers currently available on the

Third-party mixers are used to heighten the anonymity of Bitcoin users. The mixing techniques implemented by these tools are often untraceable on the blockchain, making them appealing to money launderers. This research aims to analyze mixers currently available on the deep web. In addition, an in-depth case study is done on an open-source bitcoin mixer known as Penguin Mixer. A local version of Penguin Mixer was used to visualize mixer behavior under specific scenarios. This study could lead to the identification of vulnerabilities in mixing tools and detection of these tools on the blockchain.

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2018-12

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The Future of Bitcoin

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Alternative currencies have a long and varied history, in which Bitcoin is the latest chapter. The pseudonymous Satoshi Nakamoto created Bitcoin as an implementation of the concept of a cryptocurrency, or a decentralized currency based on the principles of cryptography.

Alternative currencies have a long and varied history, in which Bitcoin is the latest chapter. The pseudonymous Satoshi Nakamoto created Bitcoin as an implementation of the concept of a cryptocurrency, or a decentralized currency based on the principles of cryptography. Since its creation in 2008, Bitcoin has had a fairly tumultuous existence that limited its adoption. Wide price fluctuations occurred as the appeal of free money by running a piece of computer software drove people to purchase expensive hardware, and high-profile scandals cast Bitcoin as an unstable currency well-suited primarily for purchasing illicit materials. Consumer confidence in the currency was extremely low, and businesses were extremely hesitant to accept a currency that could easily lose half (or more) of its value overnight. However, recent years have seen the currency begin to stabilize as businesses and mainstream investors have begun to accept and support it. Alternative cryptocurrencies, titled "altcoins," have also been created to fill market niches that Bitcoin was not addressing. Governmental intervention, a concern of many following the currency, has been surprisingly restrained and has actually contributed to its stability. The future of Bitcoin looks very bright as it carries the dream of the alternative currency forward into the 21st century.

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Date Created
2016-05

Predicting Bitcoin Price Trend using Sentiment Analysis

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In this paper I defend the argument that public reaction to news headlines correlates with the short-term price direction of Bitcoin. I collected a month's worth of Bitcoin data consisting of news headlines, tweets, and the price of the cryptocurrency.

In this paper I defend the argument that public reaction to news headlines correlates with the short-term price direction of Bitcoin. I collected a month's worth of Bitcoin data consisting of news headlines, tweets, and the price of the cryptocurrency. I fed this data into a Long Short-Term Memory Neural Network and built a model that predicted Bitcoin price for a new timeframe. The model correctly predicted 75% of test set price trends on 3.25 hour time intervals. This is higher than the 53.57% accuracy tested with a Bitcoin price model without sentiment data. I concluded public reaction to Bitcoin news headlines has an effect on the short-term price direction of the cryptocurrency. Investors can use my model to help them in their decision-making process when making short-term Bitcoin investment decisions.

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2020-05