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A 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.
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Despite 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.
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The 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.
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Bitcoin has been associated with criminal activity for as long as people can remember. That is quite worrisome for many reasons. Even though Bitcoin lacks privacy and anonymity, criminals still flock to this payment option because of its global appeal. According to a new study, however, that situation may come to change very soon. In fact, it seems criminals are showing an increasing interest in Litecoin and Dash, even though neither currency is more suitable than Bitcoin. Bitcoin Isn’t a Tool for Criminals Most people already know criminals tend to focus on privacy and anonymity when cashing out their financial gains. OnPowered by WPeMatico
The members of the Darknet Markets have become disappointed with Bitcoin.
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The 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.
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Darknet marketplaces are making some big changes behind the scenes. With some of the major trading hubs having been shut down by law enforcement agencies last year, there is a growing need for privacy and anonymity. This also means payment solutions such as Bitcoin and Bitcoin Cash are no longer sufficient. Dream Market, currently the top darknet marketplace, is completing its integration of Monero. Vendors are being asked to set their preference to use Monero or not. It’s a big step forward for all parties involved. Monero is Coming to Dream Market Soon Most darknet marketplace operators tend to announce major developmentsPowered by WPeMatico
The 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.
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Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall. Also read: US Marshals Plan to […]
The post US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC appeared first on Bitcoin News.
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With over 50 privacy coins on the market, purveyors of anonymous transactions are spoilt for choice. This smorgasbord of privacy-centric coins can be a little overwhelming though. To help you pick the best of the bunch, here’s our rundown of the main contenders. Also read: Meet ‘Cash Shuffle’, the Privacy-Centric Protocol for Bitcoin Cash How Privacy […]
The post Everything You Ever Wanted to Know About Privacy Coins appeared first on Bitcoin News.
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