RATE Group | Criminals are still using Bitcoin, but ISIS loves ZCash
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Criminals are still using Bitcoin, but ISIS loves ZCash

19 Sep Criminals are still using Bitcoin, but ISIS loves ZCash

Posted at 16:18h in Bitcoin News by

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Europol has found that Bitcoin is still the chosen cryptocurrency of the internet underworld.

The insight comes from Europol’s latest Internet Organised Crime Threat Assessment (IOCTA) report. Among other things, the research claims cybercriminals still favor Bitcoin BTC over other cryptocurrencies – despite its lack of anonymity features.

Europol also notes Bitcoin’s share of the cryptocurrency market has dropped significantly, from over 80 percent to less than 35 percent (it’s worth pointing out Bitcoin currently accounts for 55 percent of the market, according to CoinMarketCap).

“The abuse of cryptocurrencies by cybercriminals continues to play a pivotal role in the commission, perpetration and monetisation of cybercrime,” the new IOCTA reads. “They remain the primary payment mechanism for the payment of criminal services, a plethora of goods on Darknet markets and for extortion demands, whether as a result of ransomware, DDoS…

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