The use of cryptocurrencies for illegal activities have been a common activity used by Bitcoin critics to justify their stances on the impact of Bitcoin as a tool that is largely fueling the rate of cyber-crime on a global scale. The Bitcoin community in its usual fashion is always quick to refute these claims with […] …
Tag: chainalysis
Chainalysis: Crypto ransomware attacks rose by 311% in 2020
TL;DR Breakdown Illicit transactions with crypto dropped to 0.3 percent in 2020. However, there is a spike in the number of ransomware attacks. The growth of the cryptocurrency industry has been an attractive factor for cyber-criminals. The market was threatened with several fraudulent investment schemes and hackers over the past years, causing a setback for […] …
US Treasury Secretary Nominee Yellen: Crypto Can Improve The Financial System
Janet Yellen, President Joe Biden’s U.S. Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after her previous negative rhetoric about the emerging technology. Janet Yellen Acknowledges Crypto’s Benefits In a written response to the U.S. Senate Finance Committee on Thursday (Jan. 21, 2021), Yellen stated that cryptocurrencies had benefits that […] …
Criminal Activity Related To Crypto Transactions Fell by 83% in 2020 – New Chainalysis Report
2020 was a good year for the crypto market, especially the second half of the year despite the pandemic. Bitcoin and other digital assets recovered from the spectacular crash on Black Thursday to set new records and usher in a new era of institutional investments in the crypto market. Between the March 12 crash of […] …
Biden’s US Treasury Secretary Nominee Raises Concerns Over Crypto Terrorism Financing
Janet Yellen, Joe Biden’s nominee for US Treasury Secretary, has expressed concerns over cryptocurrencies being used for illicit activities. …
French Programmer Donates $500K In Crypto To Far-Right Groups Before Suicide
The US Political space has grown into a very interesting, very turbulent one indeed. To pile on the massive amounts of intrigues of US politics, […] …
US legislator reintroduces crypto crime bill
TL;DR Breakdown Ted Budd reintroduces crypto crime bill Ted bill comes in wake of capitol invasion Towards putting an end to terrorist use of cryptocurrencies, Ted Budd, a US legislator, has reintroduced his Financial Technology Protection Act. The US legislator back in February 2018 and January 2019 introduced the bill as the house passed it […] …
Capitol Insurrectionists Were Funded in Part By Bitcoin: Chainalysis
Terrorist financing has always been one of the primary concerns about cryptocurrency use worldwide. In the wake of what many have called a terrorist attack […] …
$500K Bitcoin Donation Funneled to Groups Involved in US Capitol Riot: Analysis
Blockchain intelligence firm Chainalysis has reported that some of the people involved in the US Capitol riot received donations in bitcoin. …
Breaking: Right-Wing Activists Received Large Bitcoin (BTC) Donations Before U.S. Capitol Riots
Just as the U.S. Congress lawmakers are working on impeachment proceedings on U.S. President Donald Trump, there’s a sensational revelation coming about last week’s riots that took place in the U.S. Capitol. As per an exclusive Yahoo News report, right-wing activists received payments in Bitcoin (BTC) a month before from foreign accounts. FBI’s retired assistant director
The post Breaking: Right-Wing Activists Received Large Bitcoin (BTC) Donations Before U.S. Capitol Riots appeared first on Coingape. …
Bitcoin veteran has $220 million in a locked wallet…and he can’t access it
You don’t want to be Stefan Thomas, the owner of 7,002 Bitcoin, right now.
The post Bitcoin veteran has $220 million in a locked wallet…and he can’t access it appeared first on CryptoSlate. …
BitMEX adopts Chainalysis KYT to screen illicit crypto transaction
TL;DR Breakdown: BitMEX has integrated Chainalysis KYT to boost illicit transaction screening. This is meant to raise the exchange’s compliance program. Having been charged by the United States regulators for facilitating money laundering with digital currencies, among others, BitMEX exchange is apparently taking the issue of security more strictly. Following a blog post on Tuesday, […] …