It is evident that the coronavirus crisis is shaking things up on a global basis. Recent findings by Chainalysis further confirm how scammers aren’t paying enough attention to ensure their nefarious projects keep generating revenue. Many different factors influence the success of a cryptocurrency scam. Scammers Need to put in More Effort More often than not, users are drawn in due to the promise of high financial returns. That is …
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During a global pandemic such as the coronavirus, some people expect the use of Bitcoin to increase globally. So far, that has not been too apparent, albeit it seems that the way Bitcoin is used is undergoing some changes. Bitcoin has not been at the forefront of too many discussions lately. Bitcoin Isn’t Doing Terrible Most people expected the world’s leading cryptocurrency to come out on top when the stock …
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Ransomware has proven to be an incredibly lucrative solution for cyber criminals. Most of these ventures end in a certain amount of Bitcoin changing hands between criminal and victim.  Not all of the proceeds from ransomware attacks can be cashed out, however. A Ransomware Deal Gone bad In the case of Bitfinex, several of its transactions have been flagged as suspicious. So much even that roughly $860,000 worth of Bitcoin …
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