Materials by tag Crime

Jul 05, 2019 at 12:15
Malta Fights Cryptocurrency & Financial Crimes
With the alarmingly increasing rate of illicit activities associated with cryptocurrencies including Bitcoin, the Maltese government, through a Financial Crime team created by the MFSA, a monetary regulator, has decided to up its game by reinforcing inspection and compliance in order to combat the challenge of financial crime. With this result, the MFSA’s existing resources have been increased by a newly established team offered by FTI Consulting, a multinational business consultancy company based in the United States (US).
May 17, 2019 at 16:15
Cryptojacking is No Longer an Issue?
After the recent shutdown of Coinhive, many people have reported that there has been a drop in the number of cryptojacking incidents. With that in mind, we’ll now take a look into whether cryptojacking is a thing of the past, or if it still continues to be a problem for users of cryptocurrency.
Apr 17, 2019 at 11:12
Italy Lost €10 Billion in Cryptocurrency via Cybercrime
Cybercrime, such as online fraud, industrial undercover activities, and the use of cryptocurrency for money laundering, etc. in Italy, is the rapidly increasing malevolent business with the highest margins of diffusion in the future, according to the Global Risk Report 2019 by the World Economic Forum. The country incurred a loss of around €10 billion in 2018.
Apr 05, 2019 at 09:48
Mafias in Italy Use Bitcoin & Cryptos for Money Laundering
The rate of illegal activities including money laundering through Bitcoin (BTC), is alarming in Italy and throughout Europe at large. Crypto startup Eidoo, founded by Italians, which allows users to store, convert and spend digital currencies, selected an apartment in 2017 in a building structure that was sequestered for ndrangheta in Chiasso, Switzerland, just 0.4 kilometers from the Italian border.
Mar 24, 2019 at 13:13
Bank of Italy Calls Bitcoin Useless, Risky and Inefficient
Recently, the Central Bank of Italy published a report against digital currencies including Bitcoin (BTC), defining them as dangerous, useless, speculative and inefficient. The bank is not happy with how cryptocurrencies are being used.
Oct 03, 2018 at 14:53
Police Arrest French Security Official for Selling 'Top Sensitive Secrets' for Crypto
A senior French security official has earned himself a quick ticket to the Bastille after being arrested for purportedly selling "sensitive state secrets" on the Dark Web in exchange for Crypto.
Jun 26, 2018 at 17:19
Japan Yawns to Prevent Cryptocurrency Criminal Operations with Credit Evaluation
The government of Japan has noted that significant credit agencies will compute the users of cryptocurrencies to stop the usage of digital assets in money laundering got from illegitimate operations, just after revealing the plans to crackdown unknown cryptocurrencies such as Monero, Zcash and Dash.
Jun 25, 2018 at 16:43
Four Ukrainians Were Arrested for Managing Fake Cryptocurrency Exchanges
With the digital currency gaining popularity, many frauds have been conducted in this field. Ukraine has recently witnessed the big arrest of four young men involved in a cryptocurrency scam. They were accused of running six fake virtual coin exchanges.
Apr 18, 2018 at 12:02
Video Digest, April 17: Millions of Funds in Coinsecure Cryptocurrency Stolen, Russian Financial Institution Enters R3 Blockchain Consortium, Mastercard to Apply Blockchain Tech, Samsung Is Planning to Implement Blockchain Technology
Welcome back to the Coin Idol TV News channel. The digest on April 17 features the following topics from the world of Blockchain and cryptocurrency: Millions of funds in Coinsecure cryptocurrency stolen, CSO blamed, Russian Financial Institution enters R3 Blockchain Consortium, Mastercard to apply blockchain tech to fighting fake identities, Samsung is planning to implement blockchain technology for logistics purposes.
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