Articles Tagged with theft

cryptocurrency-300x200A report compiled by the leading cryptocurrency intelligence firm, CipherTrace, gives details about the current state of major crypto-based criminal activity. Main highlights of this report include the increase in cross-border crypto payments, Iran’s growing interest in cryptocurrency as a means to sidestep sanctions, and the $356 million in cryptocurrency thefts in that quarter alone. These findings are an attempt to discover common trends in order to assist in developing future legislation against such corruptions.

CipherTrace is a well-known and highly-developed intelligence operation that works to build solutions for monitoring and regulating crypto-based fraud. CipherTrace is often used by leading exchanges, banks, investigators, regulators, and digital asset businesses in order to trace transactions and display compliance with current anti-money laundering regulations in hopes of building trust in the cryptocurrency economy. Their quarterly reports have become a vital data resource when it comes to monitoring and the legislation of crypto transitions.

CipherTrace’s report for this quarter shows a concerning trend involving cross-border crypto payments becoming untraceable as they leave U.S. exchanges after entering offshore locations. In twelve months the crypto transfers from the U.S. exchange to offshore exchanges grew 21 points or 46 percent when compared to the same period from two years before. These transactions fall out of U.S. awareness as they leave the exchange, making them blind spots that are highly difficult to monitor or regulate.

sand depletionWhile viewed as a seemingly limitless natural resource, the levels of certain kinds of sand have started to steadily decrease as the world’s need for further development increases. The sand that is gathered for building resources has almost caught up to the sand that is naturally made.

Sand is an essential item required for building and construction. It is a key component of concrete, asphalt, and glass that are used to structure nearly every building. It also accounts for 80% of all mining activity across the globe, according to a 2014 United Nations Environment Program report.

The demand is now higher than ever while the levels available are low worldwide. It is even the subject of major theft, especially in urban areas pushing for advanced innovation such as the United States. Some even estimate that the aggregate business shares involving sand are already worth $70 billion in annual sales. The importance of this resource is only further proven as “sand mafias” in India are willing to sell sand they mined illegally on the black market. Without a steady supply of sand, many believe urban and suburban development will slow significantly.