Cryptocurrencies & Blockchain

A Step Into The Future

There are over 1600 crypto coins in the market. The market is growing every day and many derivatives are seeing days. Navigating this world carries high risks.

 

It is impossible to ignore this new 21st century digital asset, as cryptocurrencies have resisted being shutdown by powerful Governments and also completely remained unaffected during Covid-19 spearheading digital technologies into the future. So far it remained only people’s currency operating 24x7 powered by blockchain without anybody controlling it. Therefore, more and more businesses are accepting crypto-currencies.

 

With so many crypto-currencies in the market and accepting crypto-currencies carry high risks. The source of money could come from stealing funds, hacking, viruses, drugs or embezzlement. Over 95% of ICO (Initial coin offerings) raised by startups are scams. Crypto is widely used in the dark web for illegal activities.

 

Crypto-cleansing is another technique used to evade international sanctions. The money launderers layer multiple privacy coins (Zcash, Monero), exchanges and digital addresses to sever the audit trail, effectively preparing illicit funds by cleansing them for integration back into the traditional financial system.

 

Another technique to hide bitcoin transactions is use Cryptocurrency tumbler to obscure the trail back to the fund’s original source. Tumblers have arisen to improve the anonymity of cryptocurrencies, usually bitcoin, since the currencies provide a public ledger of all transactions. Tumblers mix in a large pool of addresses for a small transaction fee. A tumbler attempts to sever the links between your old addresses for a new address by sending coins from you to other people and coins from them to you. It also randomizes  transaction amounts and sometimes adds time delays to the transactions.

 

Cryptocurrencies are also used for illegitimate activities like money laundering, terrorist financing, hacking, stolen funds, drugs, sanctions and tax evasion.

 

At Eyes On Target we developed techniques and strategies to help you navigate the crypto world from the investing sides but more interestingly, from the investigative side.

 

Our brand new McAfee Institute certification as Certified Digital Currencies Investigators, gave us the capability to bring our knowledge to the next step, a step into the future… and therefore to help you step into the future too !