カテゴリー: dark net

Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin

Young New Zealand Man Spared Jail for Dealing Drugs With BitcoinThis week, Elias Valentin Smith, a 20-year-old man from New Zealand, successfully appealed his prison sentence for drug dealing with bitcoin as a teenager. This was despite the fact that the court system considered the use of bitcoin as a sign of criminal sophistication. Also Read: Bitcoin Is Not Used by Organized Crime Says Hong […]

The post Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin appeared first on Bitcoin News.

Reddit Removes Bitcoin Payment Option, Censors Darknet Forum

Reddit Removes Bitcoin Payment Option, Censors Darknet ForumDespite all the Telegram groups, Discord channels and many other alternatives, Reddit remains a leading forum for the wider bitcoin community – especially for new users to learn about the concept for the first time. As such, the website holds power over the conversation and what happens on Reddit can have much wider repercussions. Also […]

The post Reddit Removes Bitcoin Payment Option, Censors Darknet Forum appeared first on Bitcoin News.

British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money

British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug MoneyA UK man living in Amsterdam is facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs. He supposedly started by growing cannabis himself but soon found the bitcoin business to be more profitable by itself.   Also Read: US Navy Investigators […]

The post British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money appeared first on Bitcoin News.

US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy

US Navy Investigators Bust Bitcoin Drug Ring at Naval AcademyDespite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many. The most recent example comes from the US Navy, where a few entrepreneurial cadets reportedly used bitcoin to buy drugs which they distributed to their classmates […]

The post US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy appeared first on Bitcoin News.

Report Claims Litecoin is the Second Most Adopted Currency on Dark Marketplaces

A recent study has revealed Litecoin to be the second most adopted means of payment among dark marketplaces. The study also indicated a significant increase in adoption of Monero among English-speaking platforms. Also Read: South Korean Prosecutor Fights to Confiscate Bitcoins from Criminal Proceeds Dark Marketplaces Increase Altcoin Adoption The study, conducted by Recorded Future, involved […]

The post Report Claims Litecoin is the Second Most Adopted Currency on Dark Marketplaces appeared first on Bitcoin News.

Deep Web Roundup: Alphabay Suspect Dies, Monero Climbs, and 126m Verge Lost

Deep Web RoundupThe days of darknet markets driving bitcoin are long gone, but even for those with no compunction to visit the deep web, its activity is worth monitoring. From anonymous coins to multi-sig wallets, the darknet often leads the way when it comes to adopting tech – especially when that tech can be used to enhance […]

The post Deep Web Roundup: Alphabay Suspect Dies, Monero Climbs, and 126m Verge Lost appeared first on Bitcoin News.

Darknet Markets Are Back – But With the Blockchain Bloated Who’s Buying?

Darknet Markets Are Back But With the Blockchain Bloated, Who’s Buying?Darknet markets, prized for their range of wares not commonly found on the clearnet, are back online. For the past three weeks, the most popular DNMs, including Dream and Aero, have been offline due to sustained DDoS attacks. Now, following a lengthy hiatus, the majority of markets are back online. There’s just one problem: with […]

The post Darknet Markets Are Back – But With the Blockchain Bloated Who’s Buying? appeared first on Bitcoin News.