Criminal Underworld Is Dropping Bitcoin for Another Currency

Bloomberg
Bloomberg
Jan 2, 2018 · 4 min read
Photo by John Macdougall/AFP/Getty Images.

By Olga Kharif

Bitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency.

Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of…

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