Dirty Money: You don't need Bitcoin to move it
Dirty Money: You don't need Bitcoin to move it. Bitcoin arrived on the World scene in 2009. There are people, of dubious character, interesting people, that have been transferring dirty money throughout the World, a long time before 2009. They can be very clever in how they accomplish this, and Bitcoin, despite all of the media's bad press, still isn't their chosen method of cash transfer. The Economist magazine recently carried out an investigation of the size of this illicit trade. According to Balesh Kumar of the Enforcement Directorate there are examples of criminals utilising the....
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With the Yuan depreciating even further, and dirty money being sniffed out, there are very few remaining options for people who want financial freedom. Exciting things are happening in China, albeit money launderers will not agree with that statement. Beijing authorities are collecting all of the dirty money in the country. Several hundred people have been arrested who are involved in illegally transferring money out of China. In fact, a total of 192 locations were discovered were illegal banking service are offered. Over the past few months, a lot of money has been moved out of China.....
Multiple versions of Android are vulnerable to Dirty Cow, regardless of device manufacturer. Even though mobile devices are becoming more popular than ever before, there are still systemic risks. Mainly the Android operating system seems vulnerable to more attacks than ever before. Dirty Cow, a new vulnerability discovered this week, may affect a lot of Bitcoin users as well. One can never be too careful when dealing with finances. It is not the first time a new Android vulnerability is discovered. Given the sheer popularity of this mobile operating system, hackers have been attracted to....
The combination of digital currencies and blockchain technology has given rise to plenty of opportunities across industry verticals. Today, the cryptocurrency industry is growing at a tremendous rate, and the art and gaming industry has benefited deeply from it. NFTs give creators complete freedom to bring their vision to life and sell them as digital tokens to a global consumer base. One of the projects that is pushing the limits of NFTs further than others is Dirty Pigs. Their original designs and collections are transgressive and fun, with some named; “Son of a Pig”, “Hairy Vaginas” or....
Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering Syndicate Recycles $155 Million in Crypto and Fiat Transactions The criminal group is believed to have processed illegal funds for a total of 1.2 billion Hong Kong dollars ($155 million), Hong Kong Customs announced Thursday. In an operation code-named “Coin Breaker,” officers detained the....
Contrary to popular belief, Bitcoin is not the preferred currency to fund terrorist attacks. Due to its open ledger accountability and not offering any form of anonymity whatsoever, Bitcoin transactions can easily be tracked from origin to recipient. The main threat comes from insufficient dirty money regulation, especially as far as the UK is concerned. Laundering money is a serious threat to countries all over the world. Unfortunately, there are a fair amount of countries- including the UK – who suffer from insufficient anti-money laundering scrutiny. In doing so, it is much easier to....