money laundering

BitPay

BitPay in Trouble as The New Bitcoin Upgrade Disables BIP70

The cryptocurrency payment processor BitPay might encounter difficulties while doing business. This is because the developers are planning to disable support for the method the firm uses to create billing addresses…

Illegal conversion bitcoin

Illegal Conversion of Bitcoin into Cash on Dark Web Found

Money launderers have found a new and profitable dark web marketplace for illegal conversion of Bitcoin into cash. In the research of illegal dark web marketplaces and forums, the security researchers have caught this new trend of scammers. Here the scammers are easily selling the stolen hard cash in return for a 10-12 % fee in Bitcoin…

Financial Regulator of Italy Bans Cryptocurrency Firm Named Avacrypto

Financial Regulator of Italy Bans Cryptocurrency Firm Named Avacrypto

Commissione Nazionale per le Società e la Borsa, the Italian National Commission for Companies and the Stock Exchange, has put a ban on the operations of Avacrypto, a cryptocurrency-related company. According to the ministry, the reason behind the ban is that the company offered unauthorized services to the people in the country.