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Are Non-Fungible Tokens (NFTs) Used For Money Laundering?
What is an NFT? A Non-fungible Token (NFT) is a unique digital asset and piece of data stored on a blockchain. The NFT is a unique token recorded as belonging to a given wallet, and it is not indistinguishable or interchangeable amongst other tokens of the same type....
Compliance & AML: An Open Letter to Cryptocurrency Exchanges
This past week, the US government took action for the first time to sanction a foreign cryptocurrency exchange, Suex, in an effort to stem the tide against ransomware and cybercrime. This enforcement action puts Suex in the same category as suspected terrorists. Thus,...
Tainted Bitcoin Isn’t What You Think It Is
The concept of “tainted Bitcoin” or “tainted cryptocurrency” is one of the most misunderstood aspects among Bitcoin enthusiasts. This misunderstanding doesn’t just apply to beginners, but to intermediate/advanced cryptocurrency users and traders, individuals who work...
Finding a Qualified Cryptocurrency Expert Witness
As cryptocurrency adoption has grown, there has been increasing demand from legal professionals for expert witnesses that are qualified to opine on nuances involving cryptocurrency in court. Yet cryptocurrency is such a new and burgeoning field, which most people,...
List of Vectors Hackers Exploit to Steal Cryptocurrency
When a hacker is able to obtain access to a user’s cryptocurrency account, 99.9% of the time it’s due to a breach of user’s seed phrase. But the seed phrase can be breached in a variety of ways, allowing a hacker to steal cryptocurrency, and there are different attack...
Why Cryptocurrency Adoption is Still Hindered by Criminal Activity
Nowadays, the percentage of Bitcoin transactions that involve criminal activity has declined considerably compared to what it once was. Today, a relatively small number of Bitcoin transactions are related to crime, even though many (uneducated) pundits and politicians...