Bitcoin has gained popularity among criminals worldwide because to the perception that it is anonymous and untraceable. However, a recent research demonstrates that by connecting a secret wallet to an IP address, it is still feasible to determine who the owner is.
Researchers from Northeastern University and the University of Arizona's study, which was released today, also discovered that criminals are turning to bitcoin in place of conventional financial systems. They often deceive victims into moving money out of their accounts before pulling them offline by utilizing bogus wallets.
Thomas Rothman, an assistant professor at Northeastern who co-wrote the article with his colleague Anmol Madan, said that they wanted to know what kinds of assaults are being carried out on the dark web. We were looking for any fresh trends.
The researchers discovered that despite many high-profile convictions for similar crimes abroad, bitcoin blackmail scams—where thieves extort money from victims by threatening to reveal their personal information—have remained common throughout 2018. Sextortion extortion schemes, in which criminals threaten to release naked images online until victims pay up, have also become more prevalent.
The Kuwaiti parliament has passed a bill banning certain cryptocurrencies including Bitcoin as well as halting any new issuance of coins. The new law bans the trade and use of cryptocurrencies, as well as restricting their circulation in the country.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Kuwait has just passed the new law on regulating cryptocurrency payments in the country. The law was approved by the Kuwaiti parliament last week and comes amid a crackdown on cryptocurrencies in the country.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The SEC is the U.S Securities and Exchange Commission, a federal agency that enforces securities regulations in the U.S.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The Securities and Exchange Commission (SEC) has been working hard to find ways to regulate the XRP ecosystem and they finally found a solution. They want to regulate the currency by having exchanges agree on how much they can withdraw.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit