Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million

Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 MillionBlockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According to the report, MTI’s haul is significantly higher than that of Forsage and […]

Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record

Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Sets a New RecordDarknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020 According to the Chainalysis 2021 Crypto Crime Report, darknet markets […]

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain AnalysisIn collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took […]

Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020

Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine Lagarde that cryptocurrencies are mostly used for illicit financing. Crypto Crime Plummeted in […]

French Programmer Sent Bitcoin Donations to Far-Right Activists Who Participated in the US Capitol Riots

French Computer Programmer Sent Bitcoin Donations to Far-Right Activists in 2020 Who Participated in the US Capitol RiotsA crypto forensic analysis reveals that a French donor sent over $500,000 worth of bitcoin (BTC) to far-right activists in the United States. The half-million dollars went to the groups that took part in the pro-Trump riots in the U.S. Capitol. Alt-Right Personalities and Websites Are Included on the List of Recipients According to Chainalysis, […]

Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open

Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets OpenWhile bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half of all the […]

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