CipherTrace has published comprehensive guidance intended to help law enforcement identify signs of crypto usage when conducting investigations.
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Category: Ciphertrace
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The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning
The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy.
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Banks failing to identify up to 90% of suspicious crypto transactions
CipherTrace believes financial institutions are failing to identify up to 90% of suspicious transactions related to crypto assets
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Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps
Reports in the past few weeks detail that bad actors are targeting two privacy coin projects, Monero and Zcash, adding to concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well the repeated 51% attacks on the Ethereum Classic network or the Electrum wallet breach, suggest criminals are becoming more […]
The post Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps appeared first on Bitcoin News.
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Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree
The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track illicit monero transactions. Despite the firm’s claims, there is zero evidence provided that prove the company […]
The post Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree appeared first on Bitcoin News.
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SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts
The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.” It is also looking […]
The post SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts appeared first on Bitcoin News.
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US Regulator Zeroes in on Binance Chain as SEC Awards Monitoring Contract to Ciphertrace
The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX. The BNB token has multiple forms of utility […]
The post US Regulator Zeroes in on Binance Chain as SEC Awards Monitoring Contract to Ciphertrace appeared first on Bitcoin News.
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US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments […]
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Bitcoin ATMs Face Tighter Regulations Over Money Laundering
The global regulatory landscape is tightening for crypto ATM operators.
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Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach
Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. The thieves last moved about $255,000 or 28.4 BTC on May 22, in […]
The post Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach appeared first on Bitcoin News.
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