• CipherTrace adds Monero tracking
    Alt coins,  Regulation

    CipherTrace adds Monero tracking capability

    Thanks to a partnership with the U.S. Department of Homeland Security, the blockchain intelligence firm says it now has the capability to trace transactions using the leading privacy coin

    Three months after a Carnegie Mellon University study found that the number of traceable transactions via privacy coin Monero were “nearly zero," CipherTrace said it has come up with a solution.

  • digital yuan rollout
    Cryptocurrencies,  Regulation,  Technology

    Digital yuan rollout widens China’s lead in virtual currencies and actual surveillance

    ‘Controllable anonymity’ is coming to ride sharing and food delivery apps

    A total of three big companies are now reported to be involved in testing the China's digital yuan rollout. Set to become the first major central bank digital currency, it will be tested by food delivery giant Meituan Dianping, ride-hailing firm Didi Chuxing and streaming video platform BiliBili in the experimental rollout of China’s Digital Currency Electronic Payment (DCEP) system.

  • 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.

  • Monero ransom
    Cryptocurrencies,  Technology

    Tale of $10M Monero ransom unravels as husband arrested for murder

    Now detectives think the Norwegian millionaire killed his elderly wife and demanded the untraceable crypto as a ruse. And the question of whether criminals are embracing privacy coins over Bitcoin got a little more murky

    Police investigating the disappearance of a woman in Norway have arrested her husband on suspicion of murder—and believe that the $10 million ransom in a privacy-focused cryptocurrency being demanded for her safe return was part of a “clear, planned deception.”