カテゴリー: Drugs

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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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 […]

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India Divided on Whether to Ban Crypto Use

India Divided on Whether to Ban Crypto UseAs India works on the bill to regulate cryptocurrencies, each government department has its own opinion on whether to ban the use of crypto, including bitcoin. The Finance Ministry, the Reserve Bank of India (RBI), the Income Tax Department, and the Special Investigation Team have voiced their opinions on the upcoming bill. Also read: Russian Regulators […]

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US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering

Bitcoin Trader Convicted for Illegal Money Transmission and LaunderingThe U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office […]

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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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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 […]

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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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Bitcoiners Increasingly Targeted by Police as Prices Yield Large Asset Forfeiture Gains   

Bitcoiners Increasingly Targeted by Police as Prices Yield Large Asset Forfeiture GainsThe Department of Justice has announced another potential auction of seized bitcoin, totalling over 8 million USD. There’s a noticeable uptick in bitcoin-related prosecutions since at least 2014 and the Ross Ulbricht, Silk Road affair. With the price of bitcoin rising to stratospheric heights, the phenomenon has made bitcoiners relatively wealthy; it might have also […]

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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 […]

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