Advertisements

drugs

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

</header> <strong>Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers …

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide Read More »

Advertisements

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity

Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1. As per the report, the total flat value of BTC …

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity Read More »

7 Darknet Markets Where Your Cryptocurrency Is Welcome

<header class=”article__header”> </header> <strong>Whether you’re a Store of Value advocate or a Medium of Exchange purveyor, every bitcoiner ought to spend a little crypto from time to time. Consider it as paying it forward, spreading the love, fostering adoption or simply treating yourself. And where better to send your spare satoshis than the darknet, where …

7 Darknet Markets Where Your Cryptocurrency Is Welcome Read More »

Tracking Drugs on Blockchain: How Significant Is Walmart and IBM’s New Collaboration?

Walmart is no stranger to distributed ledger technology (DLT). Back in October 2016, the multinational food retailer began collaborating with IBM on a blockchain-based system that could identify and flag recalled foods. Since then, it has dived into a number of patents and trials — e.g., tracking meat in China, tracking delivery drones, patenting smart deliveries and tracking live food …

Tracking Drugs on Blockchain: How Significant Is Walmart and IBM’s New Collaboration? Read More »

How to Stay Safe When Using Darknet Markets

<header class=”article__header”> </header> <strong>If you’re planning to visit a darknet market, you’re either keen to window shop or keen to sample the wares. Whatever your reasons for stopping by, that’s your business and no one else’s. Unfortunately, not everyone shares those civilized ideals. To keep those spoilsports at bay, here’s how to browse darknet markets …

How to Stay Safe When Using Darknet Markets Read More »

Why Darknet Drug Sales Are on the Rise

<header class=”article__header”> </header> <strong>The public’s appetite for darknet drugs remains undaunted. A major new survey has shown consistent growth in online drug sales since 2014, with Scotland, Brazil and England leading the demand for narcotics procured off the darknet. Despite numerous darknet markets (DNMs) and supporting infrastructure including clearnet link sites and bitcoin mixers being …

Why Darknet Drug Sales Are on the Rise Read More »

Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

<header class=”article__header”> </header> <strong>Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two …

Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time Read More »

German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site

German police, along with Europol, have shut down servers of a dark web marketplace and seized six figures in crypto from the arrested suspects, Europol announced on May 3. The Wall Street Market, reportedly the world’s second-largest dark web market, has been shut down by the German Federal Criminal Police under the authority of the …

German Police Seize Six Figures in Crypto From Suspects Involved in Dark Web Site Read More »

New York State Sees First Conviction for Crypto Money Laundering

A case involving millions of dollars in bitcoin and Western Union payments has resulted in New York State’s first conviction for cryptocurrency money laundering. The Manhattan District Attorney’s Office announced Wednesday that defendants Callaway Crain and Mark Sanchez, both 35, laundered $2.8 million earned through sales of controlled substances carried out over the internet. Between 2013 …

New York State Sees First Conviction for Crypto Money Laundering Read More »

Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest

<strong>Immediately after the Silk Road was taken down in 2013, a marketplace known as the Silk Road 2 launched. The new darknet market was run by a person who called himself the Dread Pirate Roberts 2 and he was arrested a few months later in November 2014. However, privacy advocate Thomas White, otherwise known as …

Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest Read More »