The use of bitcoin in darknet markets, such as for buying illegal drugs, has continued to grow, according to data from Chainalysis. However, its share on such markets accounts for less than 1% of all bitcoin transactions, according to Elliptic. In its new Crypto Crime Report, published Tuesday, Chainalysis said over $600 million worth of […] The post Bitcoin’s use in darknet markets continues to grow: Chainalysis appeared first on The Block.

HM Revenue and Customs (HMRC) is looking for a tool which, at a minimum, would help track seven digital assets - bitcoin (BTC), bitcoin cash (BTC), ether (ETH), ether classic (ETC), XRP, litecoin (LTC) and Tether (USDT) stablecoin. The post UK’s tax authority wants to deploy a blockchain analytics tool to catch crypto cybercriminals appeared first on The Block.

But future regulation might curb hidden activity