EXCHANGES

Bitcoin Cash Captured More Than 10% of Darknet Sales Last Month

[ad_1] 2019 was an interesting year for darknet markets (DNMs) and a number of marketplaces closed for a variety of reasons. Despite the closures, crypto payments on DNMs doubled for the first time in five years. Moreover, statistics from the blockchain analytics provider 1000x Group show digital currencies like bitcoin cash (BCH) have joined BTC’s dominant role within the deep web. Also Read: BCH Merchant Directories Now List 4,300 Bitcoin
BLOCKCHAIN

Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

[ad_1] So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader. Last Friday, Australia's Department of Industry, Science, Energy and Resources launched the national blockchain roadmap — a 50-page document that defines how blockchain technology could benefit the local economy
EXCHANGES

Bitgo to Offer Regulated Crypto Custody in Switzerland and Germany

[ad_1] European crypto exchanges, as well as other companies with significant crypto holdings they need to protect, now have another option for cold storing their digital fortune. Bitgo is expanding out of the U.S. and into Europe with two new companies in Switzerland and Germany. Also Read: German Fintechs Rush to Offer Crypto Custody Services Under New Law Bitgo Expands to Switzerland and Germany Bitgo, which provides institutional clients with
EXCHANGES

Crypto Crime Losses Jumped 160% to $4.5B in 2019, CipherTrace Says

[ad_1] While the total loss from crypto-related hacking attacks dropped last year, the total losses from cryptocurrency crime jumped to $4.52 billion, from $1.74 billion recorded in 2018. These findings were shared in a report carried out by blockchain forensics firm CipherTrace. Insider Theft Increased Five Times, CipherTrace Says In its latest cryptocurrency anti-money laundering report for Q4 2019, CipherTrace presented the highlights for the whole year. The authors said
EXCHANGES

India Narcotics Burea Captures First Crypto Darkweb Drug Dealer

[ad_1] India has captured its first darknet crypto drug dealer in an investigation by the Narcotics Control Bureau (NCB). The defendant allegedly sent thousands of tablets of psychotropic drugs all over the world and received payments in digital assets to confound authorities. Indian authorities capture darkweb drug peddler India’s NCB caught the first dark web drug dealer in the nation’s history, seizing 55,000 tablets in the arrest. The NCB participated
BLOCKCHAIN

US Congressman Challenges Fed Chair on Threat of China’s Digital Currency

[ad_1] United States Congressman Bill Foster (D-IL) has questioned the Chair of the Federal Reserve Jerome H. Powell on U.S’s central bank digital currency (CBDC) progress at a hearing on monetary policy earlier today. Foster hopes for a digital dollarFoster began his questioning by asking Powell:“Do you think that establishing a digital dollar would help ensure that the U.S. dollar continues to serve as the core of the U.S. and the
EXCHANGES

Users of Bitcoin.com Exchange Can Win Rewards Worth $25,000 in Gocrypto Trading Competition

[ad_1] Gocrypto enables businesses with physical or online stores to accept instant crypto payments from different digital wallets with millions of users. To help introduce the SLP token to even more users, Bitcoin.com Exchange is hosting a trading competition where you can win rewards worth $25,000 in GOC. Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange GOC Trading Competition Bitcoin.com Exchange is launching a new trading competition to
Business

A Million EPayments Accounts Frozen Due to Regulation Control

[ad_1] EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures. EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments one million user accounts and has banned new account openings. “Following discussions with the FCA, ePayments
Business

Crypto Crime Doubled in 2019, but Still Under 1% of Transactions

[ad_1] It’s a new decade with an old problem for law enforcement officials: How do you stop cybercriminals from stealing billions of dollars in cryptocurrency and using it for illicit purposes? These kinds of criminal activities range from selling illicit drugs, firearms, documents, identities and ransom schemes, to flat out stealing assets — more than $40 billion was noted as fraudulent in the first nine months of 2019, according to
Business

Crypto Is ‘Hot’ Right Now as Traders Explain Price Moves

[ad_1] Beginning a rally at the start of 2020, Bitcoin (BTC) and the rest of the crypto market continue to fly upward, showing little signs of slowing down.The “crypto market is hot right now, and what stands out to me the most is that there are plenty of altcoins that are still running even with the strength $BTC is displaying right now,” CNBC crypto trader and Twitter personality BigCheds told