カテゴリー: dark web

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 […]

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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 […]

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University Student Gang ”Breaking Bad” Jailed For Dealing $1M+ in Drugs for Bitcoin

University Student Gang ”Breaking Bad” Jailed For Dealing $1M+ in Drugs for BitcoinThe fall of the Silk Road marketplace continues to reverberate around the world, this week leading to a number of university students going to jail for many years. The young men have been found guilty of selling party drugs and tranquilizers online for bitcoin.  Also Read: Swiss Officials Fear ICOs Will Tarnish Reputation of ‘Crypto […]

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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 […]

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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 […]

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US Government to Sell Bitcoin Seized from Dark Web Dealer

US Government to Sell Bitcoin Seized from Dark Web DealerThe US government has been approved by a federal judge in Utah to sell 513 Bitcoin and 512 Bitcoin Cash seized from an investigation involving Aaron Michael Shamo, a dark web dealer. Also Read: Bitfury as Big Brother: Mining Company Tracks Bitcoiners 513 Bitcoin and 512 Bitcoin Cash The U.S government is expected to sell all […]

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Silk Road – The Theatrical Version, Funded by Bitcoin, to Debut in London

Ross Ulbricht's Silk Road Story, Funded by Bitcoin, to Debut in LondonThe first of its kind to be funded by bitcoin, Silk Road, the play, ran in 2014 at the prestigious Edinburgh Festival Fringe. After a hiatus, it’s back and having a premiere in London. A one-man story based loosely on the trials and tribulations of Ross Ulbricht, who was convicted of having operated the notorious […]

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Cyber Crimes Unit to Catch Sexual Predators By Mining Bitcoin

Cyber Crimes Unit to Catch Sexual Predators By Mining BitcoinA Benton County Arkansas Cyber crimes police unit said they intend to catch child pornographers and sex criminals by mining bitcoin. The county’s sheriff, Shawn Holloway, said that technology is evolving rapidly. In this sense, law enforcers must remain a step ahead to keep up with nascent trends in criminality. This is especially true when […]

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Trump’s Attorney General Jeff Sessions: ”Bitcoin is a big problem”

Trump's Attorney General Jeff Sessions: ”Bitcoin is a big problem"President Donald Trump’s Attorney General, Jeff Sessions, testified before the Senate Committee on the Judiciary. The committee is given rather broad powers concerning federal criminal law and internet privacy. During a quick exchange, hours into the hearing, Mr. Sessions was asked about the “dark web.” His answers might foreshadow what’s ahead for digital privacy and […]

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Younger Americans See Bitcoin As Investment Opportunity, Survey Says

A new survey recently conducted by Lend Edu polled Americans about their interest in bitcoin. The survey asked basic questions about whether people have heard about bitcoin, whether it was legal, and if they would use it or invest in it. By and large, younger generations have increasingly heard of bitcoin, and they see it as […]

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