The key to keeping your Bitcoin transactions from being traced back to you is preventing others from knowing which addresses are yours. Some crypto exchanges are aiming to deliver full transparency to their users. But then it was discovered that anyone could track all Bitcoin transactions and often identify the parties involved. Keeping track of your crypto transactions can be crucial for some much-needed peace of mind. When we think about bitcoin, we assume that it is an anonymous way of transferring money. Bitcoin was initially conceived as a way for people to exchange money anonymously. A … Tracking Bitcoin Transactions, Explained. Since Bitcoin is part of the digital world, it’s also quite tricky to be completely anonymous when using this cryptocurrency. Search Home A new system, which will be in place in the next few months, has the aim of tracking cryptocurrency transactions, especially those relating to Bitcoin. The world of cryptocurrency is growing at an incredibly accelerated rate. A growing number of Bitcoin transactions are associated with illicit activity. These tracking systems are gaining enormous popularity because they are helping track down illegal and illicit transactions and transfer … All Bitcoin users are connected in a peer-to-peer network over the Internet. CoinSutra » Bitcoin » 6 Ways To Guarantee Anonymity When Making Bitcoin Transactions. The challenge is that the Bitcoin network is designed to blur the correspondence between transactions and IP addresses. DHS has had great success with tracking and analyzing Bitcoin transactions already. Some Bitcoin and cryptocurrency enthusiasts advocate for moving most–if not all–of your financial transactions to this new type of currency. Hiding your identity in this digital world is quite tricky, as you often leave behind several digital footprints. DHS looking into tracking Monero and Zcash transactions. Federal agents said they were able to trace 3,760 bitcoin transactions over the course of a year to servers seized in the Silk Road investigation, Wired reports. The IRS Has Been Using Bitcoin Tracking Software Since 2015 The Internal Revenue Service is using bitcoin transaction tracing tools developed by startup Chainalysis, according to a new report. How can I be informed of what’s happening with my crypto transactions? However, over the past couple of months, a number of companies have built software which can actually track bitcoin transactions. Companies focused on combating cryptocurrency related crimes can … From Bitcoin’s inception in 2009 to today, not just the valuation of the token has grown by massive proportions – the technology behind Bitcoin, its impact on world financial markets, and the Bitcoin blockchain ledger itself has undergone massive amounts of change.