Crypto Markets News 

Bitcoin Is Falling Out of Favor on the Dark Web

“For vendors, price drops while payments are in escrow might wipe out all the profits from a sale, for instance” writes Annie Lowrey for theatlantic.com. That means the darknet markets, which have continued to crop up and collapse since the federal authorities seized Silk Road in 2013.All bitcoin transactions are kept in a decentralized and public ledger.Indeed, the price of a bitcoin transaction recently spiked as high as $55.On those markets, the price of drugs and other illicit and licit goods are fundamentally pegged to dollars or euros, not bitcoin. Source:…

Read More
News 

Justice Department Announces ‘Largest Darknet Takedown In History’

“The Justice Department announced Thursday that together with the FBI and international law enforcement agencies, officials had shut down “the largest darknet marketplace in history.”” writes Colin Dwyer for npr.org. U.S. authorities say they collaborated with law enforcement in a half-dozen countries on three continents.Another darknet marketplace, called Hansa, was shut down Thursday as part of the international operation. Source: npr.org Share This:

Read More
Markets News 

AlphaBay Taken down by Law Enforcement, Alleged Admin Commits Suicide in Jail

“On July 5, CCN reported that popular darknet market AlphaBay had been down for several hours and that a suspicious transaction led users to believe the admins pulled an exit scam” writes unknown author for cryptocoinsnews.com. Now, according to the Wall Street Journal, it’s known that the marketplace was taken down by law enforcement raids in three different countries across the globe.AlphaBay being taken down took a toll on the darknet market scene, and now both buyers and sellers are looking for new marketplaces to do business. Source: cryptocoinsnews.com Share This:

Read More
Crypto Markets News 

Darknet Market AlphaBay Down: Exit Scam or Maintenance?

“Back in May, another darknet market known as Outlaw also allegedly pulled an exit scam on its users” reports cryptocoinsnews.com. Another reddit thread reminds users that AlphaBay is an established market and that when markets go down, phishers become more active.Popular darknet market AlphaBay, responsible for helping Monero’s value surge in 2016 after it partnered with Oasis and started accepting the cryptocurrency, seems to be down since Tuesday night, and users are now starting to grow suspicious.While details are still scarce, various users stumbled upon a large bitcoin withdrawal coming…

Read More
News 

Patient details being sold on the darknet points to a ‘troubling trend in the future’

“Nevertheless, the fact that personal details on a protected database are seemingly so easy to extract and sell is worrying, especially considering Australia’s metadata retention laws” writes Johnny Lieu for mashable.com. As reported by The Guardian, a vendor on a large darknet marketplace is illegally selling patient details in a listing dubbed the “Medicare machine.”. “The security of personal data is an extremely serious matter.The seller claims to get the data by “exploiting a vulnerability” in a government system. Source: mashable.com Share This:

Read More
News 

Where Australians buy and sell illegal goods

“It is called the darknet because its sites are not accessible through normal search engines or web browsers” writes Paul Farrell for theguardian.com. So I purchased some bitcoin – a common cryptocurrency used on the darknet – and bought my own Medicare patient details.A lot of the commercial darknet is made up of websites that look like online auctions. Source: theguardian.com Share This:

Read More
News 

Drug Enforcement Officer From India Accused of Stealing Bitcoins

“This week an Indian-Narcotics Control Bureau officer has been charged with stealing bitcoins from a darknet investigation” writes Jamie Redman Is for bitcoin.com. According to regional reports, officer Satyendra Kumar Singh collaborated with a group of accused darknet vendors and stole seized bitcoins from the agency’s confiscation.What do you think about the officer stealing seized bitcoins?.  Source: bitcoin.com Share This:

Read More
Crypto Markets News 

Darknet Market Operators Who Stole 40 Thousand BTC Face Prison Time

“The Sheep Marketplace was a popular darknet market much like the Silk Road but only lasted a few months due to the operators ceasing operations in an alleged exit scam” writes Jamie Redman Is for bitcoin.com. The Sheep Marketplace was considered one of the biggest exit scams in the history of darknet markets as the operators were accused of stealing 40,000 bitcoins from customers.Czech prosecutors have not disclosed what will happen to the seized properties and the remaining bitcoins. Source: bitcoin.com Share This:

Read More