Tag: darknet

Jun 17 2022

Bitcoin Is Losing Favor On Darknet Markets

A deep dive into how Bitcoin’s lack of privacy and, by extension, its insufficient fungibility has led to its loss of market share in darknet markets.If you wanted to buy contraband online in the last five years or so, you may have noticed that the option to pay in bitcoin — once the most popular form of payment on darknet markets —...

Apr 24 2022

Quits? Ross Ulbricht Agrees To Pay U.S. Gov’t Using $3 Billion In Stolen Bitcoins

If Silk Road (Ross Ulbricht?) rings a bell then you might have heard about the dark web marketplace where you can buy the craziest stuff that you won’t find in "normal" stores or elsewhere because it’s illegal. The Silk Road marketplace is dubbed to be the first-ever dark web bazaar that sells illegal items online back in 2011....

Apr 22 2022

AUSTRAC Issues 2 New Guides To Help In Fight Versus Cybercriminals

The Australian Financial Compliance Enforcement Agency (AUSTRAC) has announced two new guidelines to make it simpler to identify when crypto is being used for dubious purposes or when a person is being obliged to pay crypto to ransomware perpetrators. Each guide provides practical recommendations to assist organizations in determining whether a payment is tied to a ransomware attack or if someone is committing...

Apr 17 2022

Hydra Loses Head: Russia Collars Mastermind Of The World’s Biggest Darknet Marketplace

Russian officials arrested on Friday the suspected co-founder of the world's biggest darknet bazaar - Hydra - a week after German and US authorities shut down the platform. According to local media sources, the individual is identified as Dmitry Pavlov, the administrator of the recently shuttered darknet marketplace. Pavlov is being investigated in Russia for alleged large- scale sale of illicit drugs. German authorities...

Apr 05 2022

Mar 14 2022

Dark Web Drug Lord Forfeits $2.3 Million In Bitcoin, Gets 8 Years In Jail

Mar 14 2022 Published at Bitcoinist.com under tags  bitcoin darknet dark web drug lord news

Lots of crazy stuff happen on the dark web on a daily basis. The brains behind a highly sophisticated drug trafficking network was sentenced in federal court in Boston on Friday for making and distributing a variety of banned narcotics via the dark web. Binh Thanh Le, 25, of Brockton, Massachusetts is a darknet club drug kingpin who sold ecstasy, generic Xanax, and...

Aug 19 2021

Darknet Bitcoin Mixer Operator Bust, Judge Says Bitcoin Is Money

The defendant faces 20 years in prison, had previously argued he was not guilty because bitcoin is not money for U.S. law, but the judge rejected it.On August 18, an Ohio resident pleaded guilty to money laundering conspiracy charges arising from the operation of a Darknet bitcoin mixing service between 2014 and 2017, as the case's judge recognized bitcoin to be a...

Feb 08 2021

Potential India Crypto Ban, Worldwide Darknet and Virgil Griffith’s Saga Continues

Crypto restrictions in India, fresh darknet market research from Chainalysis and the newest chapter in Virgil Griffith’s North Korea saga.

Dec 03 2020

Darknet Markets Face Headwinds After Year of Mixed Results

Dec 03 2020 Published at CoinDesk under tags  chainalysis ciphertrace darknet elliptic news

Darknet markets are falling off the radar and watching their customer base level off.

Nov 06 2020

U.S. Govt. Seizes $1B in Bitcoin from Hacker of Darknet Marketplace Silk Road

Nov 06 2020 Published at Blockonomi under tags  bitcoin darknet darkweb marketplace security

The U.S. Department of Justice (DOJ) shut down the infamous Silk Road darknet marketplace back in 2013, yet the saga -- which has been intricately linked with bitcoin (BTC) since it was the platform's currency of choice -- continues to thicken. That's because earlier this week, the fourth-largest bitcoin wallet moved 69,369 bitcoins -- roughly [...] The post U.S. Govt. Seizes $1B in...

Oct 01 2020

The Long and Winding Story of Silk Road, Bitcoin’s Earliest Major Application

This article originally appeared in Bitcoin Magazine's 10th anniversary print edition. Silk Road, the online marketplace named for the historic network of trade routes established during the Han Dynasty, went live in February 2011. Its domain was accessible only on the so-called “dark...

Sep 29 2020

Bitcoin Marketplace OpenBazaar Narrowly Escapes Bankruptcy Thanks to Donations

Sep 29 2020 Published at Crypto Briefing under tags  business darknet

Bitcoin marketplace OpenBazaar has secured a donation that will allow it to continue operating for one year, following an announcement that it had run out of funding. BREAKING NEWS! An anonymous donor has agreed to cover the costs to run OpenBazaar infrastructure through at least the end of the year....

Jul 16 2020

As Analytics And Privacy Efforts Clash, Which Path Will Bitcoin Take?

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! Two pieces of Bitcoin news this week seemed to point toward conflicting trends that are central to this era of the technology. As Bitcoin becomes more popular, regulators are seeking ways to monitor its use while, at the...

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