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It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. Scammers Need to put in More Effort More often than … Read more
During a global pandemic such as the coronavirus, some people expect the use of Bitcoin to increase globally. So far, that has not been too apparent, albeit it seems that the way Bitcoin is used is undergoing some changes. Bitcoin has not been at the forefront of too many discussions lately. Bitcoin Isn’t Doing Terrible … Read more
A lot has changed since the coronavirus pandemic swept the globe as it has caused a wide range of negative effects on the world’s economy. On March 30, the blockchain surveillance firm Chainalysis published a report that shows how the cryptoconomy is faring from merchant acceptance to gambling, and darknet purchases as well. The researcher’s … Read more
Coronavirus, economic contraction and disrupted supply chains are likely driving the decline in Bitcoin-denominated darknet marketplace revenue, says Chainalysis Go to Source Powered by WPeMatico
Chainalysis reports over $1 trillion was transacted in cryptocurrency in 2019 with only 1.1% of it being illicit Go to Source Powered by WPeMatico
It may sound like something from a dystopian cyberpunk movie, but payment providers could soon be validating transactions by the way users walk, their heartbeat, veins, and more. Mastercard has recently revealed they “have been testing heartbeat, vein technology, and the way people walk to authenticate people.” The high tech proposal, designed to fight hackers … Read more
All bitcoins are created equal. But in the eyes of blockchain forensics firms, some bitcoins are more equal than others. If these companies are to be believed, coins that have been used in criminal transactions are ‘tainted,’ destined to be forever linked with nefarious activity. The reality, however, is far different, for ‘taint’ is solely … Read more
North Korean hackers created a realistic trading bot website to phish DragonEx employees Go to Source Powered by WPeMatico
No one will be surprised to learn that criminals still favor Bitcoin. A new report by Chainalysis shows 2019 was a good year for the culprits, but a bad one for the rest of the world. Over the years, there have been many rumors regarding Bitcoin and online crime. A Different Look at Crypto in … Read more
Ransomware has proven to be an incredibly lucrative solution for cyber criminals. Most of these ventures end in a certain amount of Bitcoin changing hands between criminal and victim. Not all of the proceeds from ransomware attacks can be cashed out, however. A Ransomware Deal Gone bad In the case of Bitfinex, several of its … Read more