Bitcoin transactions are mounting, but people who want to anonymize their bitcoin transactions have to make strategies and cryptocurrency mixing is the easiest among various alternatives. Bitmixer, the largest bitcoin mixing service and one of the trusted mixing service providers which was operating since 2014 ceased its operation on July 24, 2017, but exact reason was not known. The service providers say that they have deferred it for refining, but government’s pressure may be the real cause because this service was earning huge profits. No one knows what startled their operators to think of sudden shut down.
Suspicious role of mixing services
Coin mixing service has purpose to provide all bitcoin users with assured privacy because such traits are missing in cryptocurrency such as bitcoin. For the past few years, image of mixing services has tarnished because these services have been viewed as supporters of criminal activities on the internet via darkweb. The popular darkweb AlphaBay was suspected to be redirecting bitcoin users to bitmixer.io and its nexus had caused enforcement authorities to probe in the issue. This could probably be the reason for closure of bitmixer.io. For more information visit website #Will Tumbling Be Able to fulfil Its Real Purpose?
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