When bitcoin (BTC) surged to almost $20,000 per coin in 2017, everyone who had been living under a rock on the subject of cryptocurrency suddenly woke up and started paying attention.
LocalBitcoins claims that darknet-related transactions on the platforum dropped 70% after it adopted AML and KYC regulations in September 2019. LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020.
Five individuals have been identified by Indian police as likely involved with a crypto investment scam that has operated since 2017. Indian police have registered a case against five individuals suspected of involvement in a cryptocurrency scam that has defrauded investors since 2017.
Wasabi Wallet, a privacy-focused bitcoin wallet that helps shuffle coins for anonymity purposes, is under Europol’s lens for facilitating dark web transactions. Europol, the European Union’s law enforcement agency, internally presented a two-part report on Wasabi Wallet earlier this year, primarily analyzing the wallet’s use for criminal activities.
Crypto sleuthing firm Elliptic has expanded its scope to cover some 97% of digital assets by trading volume – the broadest range of any crime-fighting blockchain analytics service, the company said. Announced Wednesday, Elliptic Navigator adds 87 new crypto assets to the firm’s existing purview.
Despite launching with considerable fanfare in early 2019, grin, the first cryptocurrency to test privacy protocol MimbleWimble, is showing no signs of life. At its launch, professional investors poured funding — by some estimates, $100 million — into mining the cryptocurrency, with some even calling it a sort of “Bitcoin 2.0”.
Bitcoin and other cryptocurrencies are becoming more popular every year. Digital assets are used in many fields of activity, including acting as the primary method of payment for goods on the Internet. The so-called dark side of the crypto-asset economy is, in fact, the part of the iceberg that is not visible on the surface. The activity of digital coins on exchanges, exchangers and a few stores is a very small part of the use of tokens. The principal and most expensive transactions go unnoticed by most users – on the darknet.