• Finland hotspot illegal Bitcoin
    Bitcoin,  Europe,  United States

    CipherTrace: Finland a hotspot for illegal Bitcoin

    The tranquil Scandinavian nation is home to the Northern Lights, but down on the ground it’s also a haven for darknet scammers attempting to cash out; CipherTrace report finds $1.4 billion lost this year, criminals getting savvy to anti-money laundering

    CipherTrace says 12.1% of Bitcoin funds sent to Finnish exchanges come directly from criminal sources. As a percentage, that’s the highest worldwide, making Finland a hotspot for illegal Bitcoin. LocalBitcoins, a peer-to-peer crypto marketplace, is partly to blame. It is based in the Finnish capital of Helsinki, and received 99% of these ill-gotten funds, according to a report.

  • Bitcoin

    It’s difficult to know Bitcoin’s actual price. Could this benchmark index change that?

    The new Bitcoin Benchmark Rate is designed to pave the way for new derivatives, but there’s a catch: the index is only updated once an hour

    A new benchmark index is trying to cut through market manipulation and inaccurate data to offer a “robust” insight into Bitcoin’s actual price. The Bitcoin Benchmark Rate is the brainchild of MV Index Solutions, which develops a range of indices for investors, along with the digital asset data platform CryptoCompare.

  • Civil is yesterday's news
    Alt coins,  Media

    No longer Civil: Blockchain-based journalism network is yesterday’s news

    The Civil team, which aimed to offer high-quality journalism funded by a crypto ecosystem, will be joining ConsenSys to work on other projects

    Civil was the first company to make a full-throated attempt at offering high-quality journalism powered by blockchain. But now, after a series of unfortunate missteps, the embattled firm is yesterday’s news—and its network will go into “hibernation” after barely 18 months in action.

  • Bears coming for Bitcoin
    Bitcoin

    Bears coming for Bitcoin?

    A quant looks at Tuesday’s five-minute Bitcoin crash on a day when the market signaled that BTC $10,000 may not be here to stay

    With BTC violently spiking downwards roughly 8% in a matter of minutes, it was an interesting day to trade to say the least. Price dropped from about $10,100 to $9,400 in a matter of five minutes. Are the bears coming for Bitcoin?