Why Bitcoin is Better for Crime Fighters Than Criminals
Here’s a newsflash: Bitcoin has an image problem. If you ask the average person what words come to mind when they think of bitcoin, three of the most common responses will likely be "anonymous", "untraceable" and "a currency for criminals." But all of these common ideas about bitcoin are actually misconceptions. In fact, every single one of them is wrong. This may just be a problem of perception, but it can have very real consequences, as it can impact the attitudes of investors, lawmakers, regulators, enforcement agencies and the public toward this....
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In a world where we are all going digital more and more every day, for shopping, entertainment, and now finance with Bitcoin, the law is looking to combat new digital criminals every day. Just like with the Internet over twenty years ago, criminals usually get the jump on the law through new, innovative technologies before they go mainstream. Sometimes, it can take a decade for the authorities to catch up. Now, with the latest technologies at their fingertips, the long arm of the law is looking to cut down that learning curve, starting in Singapore. Interpol Global Complex for Innovation.....
Digital currencies such as Bitcoin are enabling individual criminals, who come together on an ad-hoc basis, to boost the "crime-as-a-service" business model. The newly-released Europol report titled, 'Exploring Tomorrow's Organised Crime', states: "Virtual currencies increasingly enable individuals to act as freelance criminal entrepreneurs operating on a crime-as-a-service business model without the need for a sophisticated criminal infrastructure to receive and launder money." The research, aimed at identifying the key trends in the EU criminal landscape, revealed that such developments....
UFC legend Jorge Masvidal’s bareknuckle MMA promotion Gamebred Fighting Championship has partnered with Legacy Records to award fighters with Bitcoin.
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this week. The NCA “leads the U.K.’s fight to cut serious and organized crime, protecting the public by targeting and pursuing those criminals who pose the....
A hacker has stolen $11,000 worth of Bitcoin and donated them to Kurdish fighters battling ISIS. The hacker, known as Phineas Phisher, donated the large sum to a group of Kurdish fighters in the northern Rojava region of Syria. Phisher later admitted on Reddit that the funds in question were stolen from a bank, though he declined to mention which one. Kurdish fighters’ precarious position. The fighters in Rojava, which Phisher called “one of the most inspiring revolutionary projects in the world,” are engaged in a conflict with ISIS, while at the same time facing a hostile Turkish....