Tag Archives: Why

Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

With well over 200 million users across the globe, few video games have as large a following as Fortnite. The freemium game is so popular that its developer, Epic Games, banked $3 billion in 2018. However, according to a report on the Independent, Epic Games isn’t the only entity getting rich off Fortnite. V-Bucks, the game’s official in-game currency, are increasingly being used as a tool for money laundering on the dark web. Continue reading Forget Bitcoin: Why Criminals are Using Fortnite to Launder Illicit Funds

Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

A new report released by major crypto exchange ShapeShift revealed that it had received 18 subpoena requests from U.S. authorities in 2018. Despite being based in Switzerland, the U.S. government filed 30 percent of all requests ShapeShift received last year. Continue reading Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

Why Ford Believes Blockchain Can Help Fight Child Labor

Automotive giant Ford has entered a partnership with IBM, Huayou Cobalt, and LG Chem to build a blockchain platform to monitor the supply of cobalt from the Democratic Republic of Congo as part of an attempt to ensure that child labor does not make up any part of its supply chain. Continue reading Why Ford Believes Blockchain Can Help Fight Child Labor

Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec

Bitcoin tanked in 2018, but the future of cryptocurrencies remains bright because you can’t stop progress. That’s the assessment of Travis Scher, a vice president at crypto investment firm Digital Currency Group. Continue reading Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec

Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto

Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. Continue reading Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto