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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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Mainstreaming Raises $6 Million Funds to Amplify its Presence in Online Gaming Market

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Milan, ITALY – Mainstreaming, the tech provider known for broadcasting various types of online games and media, has accumulated $6 million funds which will be used to increase its dominance in the online gaming market in the US and Europe. In this investment, Indaco Ventures, Sony Innovation Fund, and United Ventures would take part in enhancing the capability of the company to provide online streaming experiences all across the globe.

Antonio Corrado, Mainstreaming CEO, said that the investment has come after taking into consideration the challenges due to increasing pressure from customers. The broadcasters as well as online gaming providers are facing difficulty in ensuring consistent and high-quality service in the live environment. It will be easy for Mainstreaming to expand its reach in the key regions as well as reinforce its presence in the market. Various types of online game companies such as sports-toto will get benefitted because of this move of the company.

With the use of funds, MainStreaming will be able to increase its dominance in the broadcasting as well as online gaming areas. This will ensure provision of seamless streaming and gaming for customers over the internet. Not only this, it will be possible for MainStreaming to compete with other live stream giants such as Netflix, Hulu, and Amazon Prime Video. This investment will help the company to expand itself into cloud-based gaming with the use of HyperNode solution. Indaco Ventures and Sony would participate in funding in order to provide the tools that are required for the company to progress at an international level.

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