Bitcoin and criminals

According to the article, what percentage of Bitcoin transactions are associated with illegal activity?

• 25%

• 36%

• 44%

• 50%

Why is Bitcoin attractive to criminals?

• It allows users to conceal their identities

• It is the only digital currency available

• It is not regulated by governments

• It has no transaction fees

How did researchers trace illegal Bitcoin transactions?

• By tracking IP addresses

• By analyzing the blockchain

• By following police reports

• By interviewing criminals

What is one of the potential risks for Bitcoin users involved in illegal activities?

• Bitcoin transactions are completely anonymous

• Authorities can use blockchain data to identify users

• Bitcoin can be easily copied and forged

• There are no risks since transactions cannot be traced

What was the estimated value of illegal Bitcoin transactions per year?

• $36 billion

• $5 billion

• $72 billion

• $100 billion

What action did the FBI take against the illegal use of Bitcoin?

• Banned Bitcoin trading worldwide

• Created its own cryptocurrency

• Shut down the Silk Road Dark Web marketplace

• Partnered with banks to track Bitcoin transactions

What happens when criminals switch to alternative cryptocurrencies?

• Bitcoin's illegal activity percentage decreases

• Bitcoin becomes more valuable

• Bitcoin transactions become untraceable

• Governments increase Bitcoin regulations

What is the blockchain?

• A private database controlled by banks

• A public ledger that records all Bitcoin transactions

• A secret code used for money laundering

• A government-regulated payment system

How did researchers identify some Bitcoin users?

• By tracking their social media activity

• By monitoring high-profile Bitcoin seizures

• By analyzing their spending habits

• By hacking into their accounts

What could cause Bitcoin's value to decrease according to the study?

• A rise in government support for Bitcoin

• A decrease in illegal activity using Bitcoin

• A shortage of Bitcoin miners

• Increased usage of Bitcoin in legal businesses