Examining the Relationship between the Bitcoin and Cybercrime

Abstract

In the past decade, online crime has begun to emerge, owing to Bitcoin what was released in 2009 [1], which was an excellent tool for cybercriminals to launder their income from illegal sources. In our research, we investigate the relationship between Bitcoin as cryptocurrency and cybercrime through theoretical examples and real crimes. Besides blockchain - registry and inventory system for the recording, tracking, monitoring, and transacting - various cyber-attack modes are presented, and solution and protection suggestions are also introduced that make the cyberspace more protected.