A bubble in the global cryptocurrency market started to pop and Japanese cryptocurrency exchange CoinCheck was hacked, losing $500 million of a cryptocurrency called XEM. Wilcox asked Rand to investigate how widely cryptocurrencies generally, and zcash specifically, were being used for criminal activities. The DWO found less than 1% of the illegal and illicit offerings that mentioned cryptocurrency even accepted zcash. Rand CorporationWilcox believes the Rand report demonstrates anonymous transactions aren’t the same as illicit ones and that ordinary, upstanding people value privacy. Rand CorporationThe Rand report raises a big question, however.

Source: Forbes May 06, 2020 13:18 UTC