カテゴリー: darknet

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.

These Are the Most Popular Darknet Marketplaces Right Now

Ever since Reddit pulled the plug on r/darknetmarkets, deep web users have been starved of real time information on trustworthy sites and vendors. Deep Dot Web is one of the few remaining clearnet portals where information on darknet markets (DNMs) can be found. DNMs were bitcoin’s first “killer app”, and to this day provide one […]

The post These Are the Most Popular Darknet Marketplaces Right Now 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.

Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’

Wealthy Darknet Vendors Have Issues 'Cashing Out'The price of BTC had increased in value significantly over the years, reaching $19,600 at its highest peak – and the exchange rate rests at $8,500 today. This is a stark contrast to just over a year ago when the digital currency’s value was under $1,000 per coin. Since the fiat value has increased so […]

The post Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’ appeared first on Bitcoin News.

Coincheck Drops Anonymous Monero, Dash, Zcash

Coincheck Drops Anonymous Monero, Dash, ZcashCoincheck, the Japanese exchange that lost ~$550 million worth of NEM to hackers, will stop dealing with Monero, Dash and Zcash. The trading platform has recognized the risk posed by these cryptocurrencies which provide high levels of anonymity. Half of the NEM coins stolen in the hack may have been converted already on the darknet, […]

The post Coincheck Drops Anonymous Monero, Dash, Zcash 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.

Ross Ulbricht Denied Post-Conviction Relief Extension

Ross Ulbricht Denied Post-Conviction Relief ExtensionThe man convicted of creating the Silk Road marketplace, Ross Ulbricht, has lost yet another appeal to extend his “post-conviction relief.” Judge Katherine Forrest, the judge who sentenced Ulbricht to a double life sentence in 2015, denied the legal team’s attempt to renew the case even if additional circumstantial evidence is found in the future. […]

The post Ross Ulbricht Denied Post-Conviction Relief Extension appeared first on Bitcoin News.

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” LaunchesThe darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to […]

The post Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches appeared first on Bitcoin News.

New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions

Research Concludes that Laundering of Illicit Funds Constitutes Less than 1% of Bitcoin TransactionsThe Foundation for Defense of Democracies’ Center of Sanctions and Illicit Finance in conjunction with blockchain analytics company, Elliptic, has published a study seeking to track the circulations of illicit funds within the bitcoin economy from 2013 to 2016. The research concludes that the share of funds of illicit origin comprises less than one percent […]

The post New Research: Laundering of Illicit Funds Less than 1% of Bitcoin Transactions appeared first on Bitcoin News.