Bitcoin: Hackers’ ‘anonymous’ currency

Bitcoin: Hackers’ ‘anonymous’ currency“Bitcoin is digital cash. The transactions are totally anonymous and non-refundable. However they are totally traceable, Nicolas Debock of London-based Balderton Capital that specialises in virtual currencies said.

“All the transactions are stored in databases called blockchains. It’s anonymous but anyone can monitor a bitcoin address and see how the money moves,” Debock said.

“No-one can take the money off those who hold it, but it is possible to follow in detail the activity on the account.”

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