Bitcoin Illegal Activity

Nearly Half Of Bitcoin Transactions Facilitate Illegal Activities

Does it surprise you that one-quarter of Bitcoin users and one-half of Bitcoin transactions involve illegal activities? According to data from an Australian research group, Bitcoin is wrapped up in approximately $72 billion worth of illegal activity each year. This is comparable to the cost of the illegal drug market … Read More

Bitcoin: What is it, how it works, and how it’s doing in Canada

What is bitcoin? Bitcoin is a digital currency that was created in 2009 by an unknown person or persons who go by the alias Satoshi Nakamoto. It is a type of cryptocurrency which functions as a medium of exchange using cryptography. The cryptography aspect of bitcoin is part of its … Read More

Best of DailyXY in 2014

Our Brave New Bitcoin World “Both David and Kemper are confident that as digital currencies become more widely used, innovators will bring more proprietary technologies to the table in order to further enhance Bitcoin’s usability and security. “It’s really the early days,” says Kemper. “As advances come out, there’s a … Read More

Our Brave New Bitcoin World

“Imagine you’re sitting around a table at a restaurant, and the bill comes. It’s 500 bucks for a big group dinner, but $440 if you pay Bitcoin.” This is Joseph David, CEO of the Canadian Virtual Exchange (CAVIRTEX), Canada’s largest virtual exchange by market capitalization. “That’s where I see everything … Read More

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