How An Ex-CIA Director Proved Bitcoin Use in Crime is Declining
Former Central Intelligence Agency (CIA) Acting Director Michael Morell wrote a report titled “An Analysis of Bitcoin’s Use in Illicit Finance”. The ex-government employee had over 33 years working at the Agency. Published by the Crypto Council for Innovation, Morell’s investigation attempts to disprove a thesis defended by many authorities around the world: Bitcoin is […]
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One of Australia's primary national law enforcement agencies, the Australian Crime Commission (ACC), is investigating bitcoin's role in organized crime in an official operation known as 'Project Longstrike'. According to a report published by Reuters earlier today, ACC Executive Director Judy Lind said that investigators were aware of and would be monitoring "misuse of virtual currencies to facilitate criminal activity." She said: "Organized crime groups continue to make use of darknets to harbor trading in illicit commodities, including child exploitation material, illicit drugs and....
The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy. UK regulator the Financial Conduct Authority (FCA) has recruited almost 500 additional staff members this year as part of its new three-year strategy. Among the new hires are six directors, whose appointments were announced July 5. Two of them come from backgrounds in policing.Director of payments and digital assets is newly created position that will oversee the e-money, payment and crypto-asset markets and related policy....
CoinDesk managing editor Emily Spaven interviews director Alex Winter ahead of the release of his new documentary film Deep Web. Libertarian ideals, crime and citizens' rights in the digital age - there are many themes running through Alex Winter's latest documentary film, Deep Web, but by far the greatest focus is the story of Ross Ulbricht and his involvement in the online drugs marketplace Silk Road. Winter, best known for his role as Bill Preston in the Bill and Ted franchise, has long since proved his worth on the other side of the lens, having sat in the director's chair on five....
Europol has issued a new report on Internet crime in which it outlined a number of scenarios involving bitcoin. Called the Internet Organised Crime Threat Assessment (iOCTA), the report examines the use of bitcoin on various dark web sites, by organised crime and individual actors, and calls digital currencies an 'enabler' for cryber-criminals and a challenge for law enforcement. However, it makes a clear distinction between bitcoin and digital currencies designed with true anonymity in mind, like darkcoin, warning: "We feel it should concern everyone that the latest cyber currencies are....
The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams. Revenue from crypto-related crime dropped by more than half in 2020 according to Chainalysis’ annual report on the subject.Cybercriminals netted around $5 billion less than the $10 billion plus they got away with in 2019, representing a 53% fall. Transactions involving illicit funds have decreased even more rapidly than the total volume of those funds, falling from 2.1% of all transactions analyzed in 2019 down to just 0.34% last year. Among....