#4 Criminals flee in masses from Bitcoin to other cryptocurrencies

Olga Kharif from Bloomberg.com sees cryptocurrency Monero and others lure criminals as bitcoin’s privacy weakens. Bitcoin is losing its luster with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency.

Privacy coins such as Monero and Zcash, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis.com are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash.

Monero quadrupled in value to $349 in the final two months of 2017, according to coinmarketcap.com, placing it among a number of upstart coins that that rose faster than bitcoin, the world’s most valuable digital currency. Bitcoin roughly doubled in the same period, data compiled by Bloomberg show.

Together with top crypto security experts and ethical hacker Jorge Rodriguez  the platform HackerTracker is created which works on improving security of ICOs and Crypto companies

Author: CryptoRobby

My Dreams I dream of applications beyond Bitcoin and cryptocurrencies. Blockchain use cases with added value to society, a #ReturnOnSociety Blockchain use cases I am currently working on: Security Token Offering for real estate, energy blockchain - proof of origin of green energy / PV panels, relief aid & blockchain, consultancy project on blockchain and Mobility As A Service (Maas), Age Verification Systems on Blockchain, Smart Cities related blockchain use cases, Islamic Banking & Blockchain (Malaysia). Events: www.crpytorobby.blog/events Social media: https://www.linkedin.com/in/robby-schwertner https://twitter.com/cryptorobby_ https://www.instagram.com/cryptorobby_/ ____________________ ► Questions? Ideas? Dreams? Visions? mail to: robert(@)schwertner.com

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