Economics, Charles Ponzi, Pyramid scheme, Finance, Confidence trick, Criminal justice

DeFi Still Needs a Silk Road Moment

On Oct 25, 2020
@CoinDesk shared
"I'll believe DeFi has a product-market fit when drug smugglers can buy trust-minimized insurance for their shipments and retail speculators can gamble on the price of cocaine in Australia the same way they do with the price of oil in Texas." - @sobradob https://t.co/iEHqnE4y7k
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Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.

www.coindesk.com
On Oct 25, 2020
@CoinDesk shared
"I'll believe DeFi has a product-market fit when drug smugglers can buy trust-minimized insurance for their shipments and retail speculators can gamble on the price of cocaine in Australia the same way they do with the price of oil in Texas." - @sobradob https://t.co/iEHqnE4y7k
Open

DeFi Still Needs a Silk Road Moment

DeFi Still Needs a Silk Road Moment

Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.

Europol Says Cybercrime Involving Crypto Still Widespread

Europol Says Cybercrime Involving Crypto Still Widespread

Organized crime ranging from sextortion to theft all lead back to cryptocurrencies, according to the report.

Crypto Crimes Rated: From the Twitter Hackers to Not Your Keyser, Not Your Coins

Crypto Crimes Rated: From the Twitter Hackers to Not Your Keyser, Not Your Coins

Crypto criminals are like every other ne'er do well who ever scammed a mark: while some are masterminds, the majority are... well... as thick as thieves.

$4.3B In Cryptocurrency Stolen In 2019

$4.3B In Cryptocurrency Stolen In 2019

One of the biggest early selling points for cryptocurrency was its security, but a new study by Chainalysis suggests criminals are having no problem making huge profits in cryptocurrency. ...

MetaMask blacklists the most used Ethereum dApp as an ‘active scam’

MetaMask blacklists the most used Ethereum dApp as an ‘active scam’

The most actively used Ethereum dApp - 333ETH - has just been labelled an "active scam" and blacklisted by popular cryptocurrency wallet MetaMask.

Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

Crypto Thefts, Scams On The Rise Finds New Research

Crypto Thefts, Scams On The Rise Finds New Research

Thefts and scams are plaguing the crypto space, which saw US$1.7 billion worth of cryptocurrencies being stolen and scammed in 2018, a sharp increase despite a slump in the market, ...

Cryptocurrency crime losses more than double to $4.5 billion in 2019

Cryptocurrency crime losses more than double to $4.5 billion in 2019

Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related crime losses resulting from thefts, hacks, and fraud.

The Most Famous Financial Pyramids in the Crypto World

The Most Famous Financial Pyramids in the Crypto World

The Most Famous Financial Pyramids in the Crypto World

Top 5 DeFi Crypto Projects

Top 5 DeFi Crypto Projects

In this article, We will discuss DeFi applications, history, development, Top 5 DeFi crypto projects and pro & cons of

Cybercriminals garnered $1.4B from cryptocurrency crimes in spring 2020

Cybercriminals garnered $1.4B from cryptocurrency crimes in spring 2020

This year could see the second-highest value in cryptocurrency crimes recorded, with coronavirus-themed attacks contributing to growth, CipherTrace found.

Tracing Illegal Activity Through The Bitcoin Blockchain To Combat Cryptocurrency-Related Crimes

Tracing Illegal Activity Through The Bitcoin Blockchain To Combat Cryptocurrency-Related Crimes

A growing number of Bitcoin transactions are associated with illicit activity. Companies focused on combating cryptocurrency related crimes can pinpoint accounts that appear to belong to ...

How to Avoid Anything but Real Crypto and Why It Matters

How to Avoid Anything but Real Crypto and Why It Matters

The dawn of the cryptocurrency revolution has sparked tremendous excitement from a wide spectrum of individuals; from technology enthusiasts to retail investors

2019 Was The Year of DeFi (and Why 2020 Will be Too)

2019 Was The Year of DeFi (and Why 2020 Will be Too)

Learn more about decentralized finance and how Ethereum will create an open financial system through cryptoassets and open source protocols.