Russian Hacking Dependent on Bitcoin: Price Unaffected Thus Far

Written by:
Guest
Published on:
Jul/13/2018

US Deputy Attorney General Rob Rosenstein announced Friday afternoon a series of bombshell indictments related to alleged Russian meddling in the 2016 US Presidential elections.  The indictment claims the scheme was dependent on the cryptocurrency bitcoin.

It was those bitcoin transactions that apparently contributed to the hackers getting caught.

"To hide their connections to Russia and the Russian government, the Conspirators used false identities and made false statements about their identities," Special Counsel Robert Mueller wrote in the indictment. "To further avoid detection, the Conspirators used a network of computers located across the world, including in the United States, and paid for this infrastructure using cryptocurrency."

The price of bitcoin did not appear to be affected by the news as it hovered around the $6200 mark.

The Russians conspired to launder somewhere around $95,000 through cryptocurrency transactions as a means of purchasing infrastructure the hackers used to conduct their campaign, Mueller alleged. The Russian officials did so to "capitalize on the perceived anonymity" of cryptocurrencies like bitcoin.

"The use of bitcoin allowed the Conspirators to avoid direct relationships with traditional financial institutions, allowing them to evade greater scrutiny of their identities and sources of funds," Mueller wrote.

- Jagajeet Chiba, Gambling911.com

Business/Financial News

The Truth About Becoming A Successful Online Bookie Agent

A lot of misinformation exists about becoming a successful online bookie agent. Check out falsehoods and truths about becoming the successful bookie you’ve always dreamed of being.

Why Use Weekend Promoted Parlays In Your Sportsbook Anyways?

We try to breakdown profitable weekend promoted parlays to make pay per head agents more money and bring in more action. But, why do we insist on them? Check out 3 reasons it’s time to start promoting parlays.

How to Understand Sports Betting Odds: A Guide to Figuring Out How Betting Lines Are Set

How to Understand Sports Betting Odds: A Guide to Figuring Out How Betting Lines Are Set

Figuring out how to understand sports betting odds isn’t all that simple. It’s a delicate dance that relies on a perfect blend of mathematics, research, and dash of industry-specific intuition. That being said, our goal today is to explain this in a much broader, simpler way.

How Do Bookies Work?

How Do Bookies Work?

Bookies work pretty straightforwardly; they accept sporting event bets from their clients and then manage all of the bets through their “book”, which can be an actual book or some kind of sports bookie software program.

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Create A Lucrative Sportsbook Empire With These 3 Premium PPH Tools

Dreaming of creating a sportsbook empire you can retire on one day? Daydreaming is over. Have these 3 premium PPH tools in your toolbox and unlock the potential in your sportsbook business.

Syndicate