Illicit – DIGIT INFO

5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter

DIGIT — Sun, 26 Feb 2023 15:30:10 +0000

2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The following is a look at […]

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Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals

DIGIT — Thu, 23 Sep 2021 16:00:16 +0000

Cryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of […]

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Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal

DIGIT — Wed, 04 Aug 2021 22:30:21 +0000

China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities attributing the rise to the popularity of crypto investments. Chinese Crime-Related Crypto Transactions […]

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Quebec Chief Scientist Rejects “Myth” of Widespread Illicit Bitcoin Use

DIGIT — Wed, 25 Apr 2018 06:20:56 +0000

The Chief Scientist of Quebec, Rémi Quirion, has published a document rejecting the popular “myth” that illicit transactions are among those for which bitcoin is principally used. Quebec’s Chief Scientist is closely associated with the Fonds de recherche du Québec (FRQ) – a publicly funded institution dedicated to “providing support for the production and dissemination […]

The post Quebec Chief Scientist Rejects “Myth” of Widespread Illicit Bitcoin Use appeared first on Bitcoin News.

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New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions

DIGIT — Sat, 20 Jan 2018 13:30:41 +0000

The Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent […]

The post New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions appeared first on Bitcoin News.

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