Cash Dominates Illegal Activity, Not Cryptocurrency, Says New Report
03.10.2024 18:00 1 min. read Alexander Zdravkov
A new report from the Crypto Information Sharing and Analysis Center (ISAC) reveals that cash is far more prevalent than cryptocurrency in illegal activities worldwide.
Despite cryptocurrencies gaining a reputation for facilitating crime—particularly during the Silk Road era—crime rates involving crypto have sharply declined in 2024.
The report’s co-author, Robert Whitaker, argues that cryptocurrencies are actually beneficial for law enforcement due to their public and traceable nature, which contrasts with cash’s anonymity. The intention behind the report is to educate policymakers and stakeholders on the value of blockchain technology as a tool for lawful activities.
While the infamous Silk Road accounted for a significant portion of Bitcoin transactions before its shutdown in 2013, cash is now more frequently used in sophisticated money laundering and other illegal operations.
The report emphasizes that recent regulations have made crypto less appealing for illicit transactions, as robust tracking mechanisms have been implemented.
To combat remaining criminal activity in the crypto space, ISAC calls for international collaboration among regulators and industry players. This collective effort aims to create better compliance standards and develop effective strategies to minimize illicit uses of cryptocurrency.
-
1
Criminal Crypto Wallets Hold Nearly $15 Billion as Governments Target Seized Assets for Reserves
09.10.2025 20:00 1 min. read -
2
Google Uncovers North Korea’s Onchain Hacking Experiment
19.10.2025 14:00 2 min. read -
3
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
16.10.2025 15:00 2 min. read -
4
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
17.10.2025 22:00 1 min. read -
5
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
22.10.2025 22:00 2 min. read
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
Data reviewed by Web3 researcher OnchainLens, using analytics from Arkham Intelligence, shows that wallets associated with the 2020 LuBian breach shifted a total of 15,959 BTC to four newly created addresses.
Google Uncovers North Korea’s Onchain Hacking Experiment
A new cyber tactic from North Korea is blurring the line between blockchain innovation and weaponization.
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
Switzerland’s gambling watchdog, GESPA, has lodged a criminal complaint regarding FIFA’s World Cup-themed NFT platform, citing potential breaches of national gambling laws.
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
A new report by U.S. cybersecurity firm Socket has revealed that North Korean hackers have infiltrated one of the internet’s most vital open-source ecosystems, turning it into a weapon for cyber theft.
-
1
Criminal Crypto Wallets Hold Nearly $15 Billion as Governments Target Seized Assets for Reserves
09.10.2025 20:00 1 min. read -
2
Google Uncovers North Korea’s Onchain Hacking Experiment
19.10.2025 14:00 2 min. read -
3
North Korea’s New Cyber Tactic: Weaponizing the Open-Source Supply Chain
16.10.2025 15:00 2 min. read -
4
FIFA Faces Legal Heat in Switzerland Over NFT Competitions
17.10.2025 22:00 1 min. read -
5
$1.8 Billion in Bitcoin Linked to LuBian Heist Suddenly on the Move
22.10.2025 22:00 2 min. read
The Casper Network has resumed its operations following a temporary shutdown caused by a security breach.
Ark Invest CEO Cathie Wood believes the U.S. economy is turning a corner.
Cathie Wood has shown renewed confidence in Coinbase, purchasing over $13 million worth of shares through Ark Invest on April 4th, despite the recent stock market downturn linked to tariffs.
ARK Invest CEO Cathie Wood believes Bitcoin (BTC) is only halfway through its current bull market cycle.
Cathie Wood’s ARK Invest has once again demonstrated its conviction in digital assets, boosting positions in two of the sector’s most closely watched names: Bullish and BitMine Immersion Technologies.
Ark Invest CEO Cathie Wood reaffirmed her conviction in Bitcoin during an appearance on The Master Investor podcast, calling it the dominant cryptocurrency and the most reliable monetary network.
Cathie Wood, head of ARK Invest, believes markets may be on the verge of a surprising rebound, despite widespread concerns about economic slowdown.
ARK Invest’s Cathie Wood argues that economic trouble is brewing, even if the U.S. government doesn’t see it yet.
As markets react nervously to renewed trade measures under President Trump, ARK Invest founder Cathie Wood is taking a contrarian stance: she believes the current disruption could ultimately unlock more open markets and long-term growth.
While Bitcoin hovers just above $105,000, ARK Invest’s Cathie Wood isn’t backing down from her long-held view that the asset could hit $1.5 million within five years.
Cathie Wood, the CEO of ARK Invest, has expressed strong doubts about the sustainability of memecoins, despite their recent popularity.
Ark Invest bought another 19,892 shares of Coinbase worth $3.9 million through three of its exchange-traded funds on Tuesday, continuing to rebalance its funds' holdings after Monday's market plunge.
Ark Invest made a significant move this week by selling 13,780 shares of Coinbase, valued at $3.9 million, from its Fintech Innovation ETF (ARKF).
Cathie Wood, the founder of Ark Invest, remains a significant figure in the world of growth investing despite her flagship Ark Innovation ETF (NYSEMKT: ARKK) declining nearly 6% over the past five years, even as the S&P 500 surged 85%.
Cathie Wood’s investment firm Ark Invest has made another significant move by purchasing more shares of Coinbase (COIN) during a market dip.
Ark Invest, led by Cathie Wood, is shifting gears. While still bullish on Bitcoin's long-term trajectory, the firm has made a sharp move into equities—most notably with a $10 million buy-in to Robinhood stock following the trading platform’s better-than-expected Q1 results.
England's central bank is set to launch a new series of tests involving distributed ledger technology (DLT) and wholesale central bank digital currencies (wCBDC).
The People’s Bank of China (PBOC) has revealed that the digital yuan, its central bank digital currency (CBDC), has seen impressive growth, with 180 million individual wallets created by the end of July.
COTI, along with 14 other fintech firms, has been selected to participate in the Bank of Israel’s Digital Shekel Challenge, which aims to explore the feasibility of a central bank digital currency (CBDC).
The Hong Kong Monetary Authority (HKMA) has embarked on a groundbreaking collaboration with the European Central Bank (ECB) to explore the digital euro project, marking its first participation outside the EU.