Crime

The amount of Bitcoin transactions used in facilitating or making illegal activities is now on the low. According to the new data by Chainlink, a blockchain analysis company, the number of criminal cryptocurrency transactions is now less than 1%.

The Hacken community, led by its leading investor Leo Andreo have launched the “Grey Hat Hackers Ideas Competition”. The first-of-its-kind initiative offers a great opportunity for budding cybersecurity thinkers to help their community and be in the running for some serious prize money at the same time.

Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.

The US District Court in Seattle sentenced a Ukrainian man for stealing around $10 million in cryptocurrency while working as an engineer at Microsoft.

The anti-terrorist squad and state police of Riga, Latvia, have arrested a man who was planning to kidnap and kill two people to steal their cryptocurrencies worth half a million euros.

The authorities of Ukraine have recently rolled out a new bill combating cybercrime that also describes the procedure for the confiscation of cryptocurrencies obtained illegally.