Cryptocurrency is a digital or virtual currency kept safe by encryption and isn’t backed by the government or a bank. It is not run by a single person or group. This means that it’s not in the middle of something.
In the late 2000s, the first cryptocurrency was made by an unknown person or group using the name “Satoshi Nakamoto.” Most people see this as the start of the business of cryptocurrencies. People have made money in many different ways since then. Ethereum, Litecoin, and Monero are three of these new cryptocurrencies.
Because cryptocurrencies are mysterious and hard to understand, many people need to learn how they work or if they are real money. There has been a lot of mystery and intrigue around Bitcoin. Because of this, more people are calling themselves “digital sleuths”. People who want to know how cryptocurrencies work and why they do.
These digital detectives have degrees in many different fields, such as computer science, economics, and finance. They put their knowledge and experience to use by studying the technology behind cryptocurrencies, researching market patterns, and looking into any cases of fraud or bad behavior.
Digital sleuths are essential in teaching people about this new and complicated technology. They need to explain how cryptocurrency works; they do a lot more. Digital investigators are very important because they teach people how to use this new, complicated technology. They offer sound advice and analysis to help people decide whether to invest in cryptocurrencies.
When the New York lawmaker talked about Silk Road, he or she helped spread a false story about it. In his article “Tracers in the Dark,” technology reporter Andy Greenberg goes into great detail to show that this is not true. This myth says you must track how Bitcoin and other cryptocurrencies are used.
Greenberg shows how what was already known led to a new field of study in this surprising real-life police procedural. The story is about police officers and programmers who make and use tools that track cryptocurrency to catch a new kind of criminal. I am surprised by how excited Greenberg gets when he talks about this new field.
But Greenberg is more interested in the “ultra-nerds” who are making a new digital law enforcement path by tracking bitcoin on the “blockchain,” which is a distributed ledger that records every transaction. People involved in the transactions may be hard to find, so “mixers” are often used to hide their identities. Cybercriminals often get caught when they make a mistake or when someone does a careful online check.
Sarah Meiklejohn was one of the first academics to study crypto-tracking. One of the first people to study it was her. She was very careful because her father was a lawyer.
Greenberg deserves credit for being able to add technical details to the story without slowing it down. He has written about the start of critical technological events in different places. He writes for the magazine Wired. The movie This Machine Kills Information examines WikiLeaks and other people who leak secrets for political reasons. The Russian military hired a well-known group of hackers called “Sandworm.” It shows how attacks on computers have changed over time.
“Tracers” follows its main characters through the closing of Silk Road and AlphaBay, the theft of the Bitcoin exchange Mt. Gox in 2014, and the terrible bust of Welcome to Video. The police officers who worked on that case will always remember the horrible photos they used as proof to link customers’ bitcoin wallets to their transactions.
The story of how the Dutch cyber police secretly took over and started running the Hansa dark web marketplace right as many customers of the now-defunct AlphaBay were signing up is told very well. The author also talks about newer types of cryptocurrencies, such as Monero and ZCash, which promise to be hard to find. You can learn more here about a great resource for trading and investing.
Greenberg needs help to think of a good story about BTC-e, the biggest illegal cyber currency exchange ever. Not much has been said about essential parts of this group’s ties to the Kremlin. Alexander Vinnik, arrested in Greece and sent back to the US, is thought to oversee the site. He might have stolen more than $4 billion, and he is now in California waiting to be tried. He is one of the few Russian hackers charged in the West.
