A powerful source of investment and an alternate payment method can be attributed to none other than bitcoin itself and it has become quite popular among the masses due to the popularity of digital zones. The main reason behind the popularity of digital platforms among people is the easy reach of customers to smartphones and cheap internet access. Every household has at least one smartphone and a country’s government wants its country to go digital. So, there is a cut in the prices of the internet and as a result, people use more and more internet services. If you are interested in Bitcoin, you may consider knowing about the Bitcoin Benefits.
The Internet being a core source of information has led its users to go through bitcoin and many other cryptocurrencies. Every day, several people start their journey in the crypto world and invest in one of the most popular cryptocurrencies of all time, that is bitcoin. Not just the normal customers but the customers that have an evil eye towards the network also being associated with this network. In this article, we are going to study the increased rate of criminal activities on the digital platform and will try to create a view on whether bitcoin is becoming a common and popular source of monetary exchange between criminals. So let us start our discussion!
Attacks on blockchain and the theft of bitcoins
The bitcoin network is a decentralized one that has no authority or regulation of government agencies. As a result, scammers and hackers find this platform an easy target for getting people duped out of their money. There are many cases in the past and in some recent times, where there was an attack on the body and soul of bitcoin, that is blockchain. Bitcoins worth millions were stolen right under the nose of users and as result, the bitcoin industry underwent a major theft. Not only this, some customers report some kind of malicious links that they will find in some legit-looking emails that claim they are genuine by the name of a popular exchange. By clicking on the link, the identity of people gets stolen and their monetary assets come in the direct scan by scammers.
The other part of the web
The Internet is divided into two parts. One part is legal. Every user that uses the internet surfs pages on that platform. There is least or no possibility of any illegal activity on this platform. But there is another face of the internet too. This face of the internet is commonly called the dark web and this is quite famous among criminals. Many cases are registered in worldwide police stations about crimes related to the dark web. On this platform, the major payment source is bitcoin, and criminals use it as a currency for their illegal works. Drugs, illegal arms, and kidnapping are quite common practices in kidnapping and thus should be avoided as much as possible.
Bitcoin being a mainstream payment method
As discussed, criminals use bitcoin for their monetary transactions. The major reason behind the usage is the advent of bitcoin and the dark web at the same time. Secondly, the decentralized nature of both platforms makes it almost anonymous to track, thus people use it as a backend backup for their illegal assignments. Many countries are becoming conscious of this trend and they are trying to bring bitcoin and its derivatives among their own rights and control. This is also necessary as if this thing becomes large, it would be too late to take action upon something. Thus, bitcoin is becoming too famous among criminals and there should be checks about the circulation and supply of bitcoin as much as possible.
