Skip to main content

Quick Guide to Select the Custom Presentation Boxes’ Design

To Aid US DHS investigations, CipherTrace develops Monero-tracing tool

Anonymity and privacy are the primary benefits of cryptocurrency. Yet crypto transactions are not as anonymous as some may think. This is due to the transparent nature of blockchain technology. Instead, Bitcoin (BTC) and other cryptocurrencies are pseudonymous. This is as each transaction on a blockchain network is transparent. This makes it possible to trace wallet addresses back to their source.

CipherTrace is capable of tracing several hundred cryptocurrency transactions. They do this by analyzing wallet addresses, exchange information, and smart contracts. The company is capable of tracing over 800 cryptocurrencies. They can do this to support investigations of crimes. This is hugely relevant. Cryptocurrency-related crimes during the first half of 2020 have been massive. They have already accounted for $1.4 billion worth in thefts, hack, and fraud.

Monero can now be traced?

Bitcoins have been ranked as the prevalent crypto choice of criminals. But many darknet transactions are conducted using the privacy coin Monero (XMR). Due to this, law enforcement has been too interested in finding a way to trace Monero. Till now, there hasn't been a tool capable of tracing Monero transactions. CipherTrace has developed the first tool for tracking Monero transactions. The tool has been in development for over a year. It will be used by the U.S. Department of Homeland Security to trace Monero transactions. CipherTrace had a recent contract with DHS Science & Technology Directorate. This resulted in the development of forensic tools for law enforcement and government agencies. It will enable them to trace Monero transaction flows for criminal investigations:

A game-changer for combating Monero-using crimes

The tools allows to track stolen Monero. It can also be used to track Monero used for illegal transactions. The tool is not suitable for Anti-Money Laundering purposes just yet. But ransomware cases involving Monero can be traced back to sources. This is notable. This is as it's been mentioned that ransomware criminals are switching from Bitcoin to Monero. It helps them to protect their identities better. The tool will allow to limit ransomeware cases. It will be limited to a couple of different crypto addresses. The exact number of transactions traced hasn't been revealed. But the tool has indeed been validated across a large number of Monero transactions.


Popular posts from this blog

American Diamond Necklace brings diamonds to every woman’s home

Diamonds are said to be a woman’s best friend and almost every woman, deep in her heart, desires diamond jewellery. Both diamonds and women are desirable for their beauty and their elegance. Nothing looks more elegant than a beautiful white diamond necklace around the slender neck of a woman. She creates sparks wherever she goes! However, although diamonds and women are made for each other, it is unfortunate that all women cannot afford to wear them because they are so expensive. Most women can admire them only from afar. For these women, the American Diamond has been created. The American diamond or Cubic Zirconia stone is manufactured in laboratory as an alternative to diamond. It looks the same and gives off the same sparkle but costs so much less. Just a fraction of the price of real diamond. Now, every woman can hope to fulfil her dream of wearing diamonds through these created American diamonds. She can finally wear a beautiful diamond necklace around her neck to show off to the

Quick Guide to Select the Custom Presentation Boxes’ Design

  Many of us find an issue when it comes to choosing the best quality of presentation boxes for a suitable product display. There are quite a few essential aspects that you need to consider when selecting the right  custom presentation boxes  to use for your product representation. We are right here to guide you about it! Here we have highlighted a few of the essential points for you. Let’s have a look below:  The first element is about the selection of the right size of  wholesale custom boxes . Hence, this is an essential element to consider by knowing about the dimension of your product. Always remember that for the small items, you should always look for the small packaging boxes.  The following essential element is about the style of the box packaging. Custom printed presentation boxes  are available in various types, ranging from the slotted half boxes or the overlap containers. Looking for  cheap custom boxes in  the transparent wind

A Guide about Eye Shadow Boxes

  Cosmetic corporations perpetually select new selling methods to form their item distinct from others. Whether or not you're a startup or wish to push your existing   eye shadow boxes  can assist you to build a powerful image within the market. These boxes are available at a wholesale rate to meet your eye shadow packaging necessities and convey you’re complete to fulfill customers’ expectations. The box is that the very first thing customers notice concerning your product. These boxes are a gift for your eye shadows in an unbelievable means. Purchase these innovative boxes to push your complete and charm to customers to require your product home. Add Style: These boxes are one of the leading wholesale products for manufacturers and providers. You’ll style your distinctive boxes or allow us to assist you to style your boxes and print them with the newest technology and techniques while not inflicting a burden on your pocket. Corporations are perpetually in search of surprisingly c