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95% of Cryptocurrency Crimes Linked to Bitcoin: Analyst

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NEW YORK CITY – Jonathan Levin, the co-founder, and COO of Chainalysis, on one of the episodes of Fortune’s “Balancing the Ledger” said that Bitcoin is the favorite cryptocurrency crime of criminals to carry out illicit activities. The analyst said that despite the availability of 2000 different cryptocurrencies and many privacy coins, about 95% of cryptocurrency crimes are linked to Bitcoin. It is so because Bitcoin is the top digital coin in the market and enjoys the highest value among all cryptocurrencies. Also, the transaction volume of Bitcoin is the highest in trading and spending, among all the other cryptocurrencies.

The firm, Chainalysis has been responsible for developing software to help cryptocurrency firms and law enforcements in tracing the public ledger of transactions on 10 different blockchains. Also, many dollar-backed stablecoins have been added under this. Levin said that most of the illegal activities in the US have been conducted to buy opioid drugs such as fentanyl and other drugs from pharmacies in China by paying in bitcoin cryptocurrency. Homeland Security and the DEA have managed to seize people involved in illegal activities related to cryptocurrencies.

Out of all latest blockchain & cryptocurrency news, this bitcoin mystery gained the attention of a huge number of people all across the world. Chainalysis, in its earlier attempt, could not manage to crack the mystery behind the lost access to 190$ million of customer funds through the Canadian cryptocurrency exchange, QuadrigaCX post the death of its CEO. However, in the end, it was explained by Levin that Quadriga never had those customer funds and where that money went is an intriguing subject to ponder.

From television to the internet platform, Jonathan switched his journey in digital media with Bigtime Daily. He served as a journalist for popular news channels and currently contributes his experience for Bigtime Daily by writing about the tech domain.

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Expert Embedded Hardware Development Services by Integra

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Integra is a seasoned hardware design companies with a decade of experience in the field. Whether you need end-to-end embedded product development or assistance with specific project components, we’ve got you covered. From assessing your requirements to crafting hardware and firmware, to prototype testing, we ensure a comprehensive approach to meet your needs.

Our Offerings

At Integra, we specialize in developing embedded products for a wide range of systems. We excel in implementing projects based on 32-bit microcontrollers, designing electronics leveraging System-on-Chip (SoC) technology, and crafting solutions using 32- and 64-bit Single Board Computers (SBCs). Our expertise extends to creating intricate electronics with enhanced security requirements and a rich array of peripheral devices and input-output capabilities.

Our engineers are adept at crafting secure, cost-effective, and user-friendly embedded solutions for various industries, including consumer electronics, retail, healthcare, mining, oil and gas, entertainment, manufacturing, and more.

Services We Offer

  • PCB Design and Layout: We provide comprehensive PCB design services, ensuring optimal layout and functionality for your embedded hardware.
  • FPGA Design: Our experts handle FPGA design to meet the specific requirements of your project, ensuring efficiency and performance.
  • Prototyping and Testing: We offer prototyping services to validate the design and functionality of your embedded systems, ensuring they meet your expectations before moving to production.
  • Production Readiness: Integra prepares your embedded hardware for mass production, ensuring seamless scalability and consistency in quality.
  • Warranty Period: We stand behind our work with a commitment to quality and reliability, offering a warranty period to ensure your peace of mind.

Why Choose Integra?

  • Experience: With a decade of experience in the industry, we bring a wealth of expertise to every project we undertake.
  • Custom Solutions: We tailor our services to your unique requirements, ensuring that your embedded hardware aligns perfectly with your goals.
  • Quality Assurance: At Integra, we prioritize quality at every stage of development, ensuring that your embedded systems meet the highest standards of performance and reliability.
  • Industry Expertise: Our team has extensive experience across various industries, enabling us to deliver solutions that address specific industry challenges and requirements.

Partner with Integra for expert embedded hardware development services that drive innovation and propel your projects to success. Contact us today to discuss your project requirements and see how we can help bring your vision to life.

 

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