The Coinfessions Twitter account shows something that’s not easily accessible. Their tagline says it all: “anonymous crypto confessions.” The little stories it presents paint a scary picture. An industry full of sharks and unfulfilled promises. Secretive individuals that hope never to confess their mistakes or the size of their earnings. Naivete and the people who exploit it. All of that mixed with Terra’s collapse and the beginnings of the crypto winter it apparently brought. That is to say, Coinfessions is extremely entertaining.
Blockchain analysis firm Chainalysis has predicted that the use of Bitcoin on the dark web will reach over $ 1 billion in 2019, hitting a new record. Initially reported by Bloomberg, the blockchain surveillance startup has revealed that so far this year, around $ 515 million has been spent in illegal online marketplaces. This is in purchasing […]
The post $ 1 Billion Bitcoin Shopping Spree to Hit Dark Web in 2019: Research appeared first on CCN Markets
Since Satoshi Nakamoto first published the Bitcoin whitepaper in November 2008, blockchain technology has developed from a small-scale cryptocurrency experiment into large-scale distributed applications with millions of users worldwide. Meanwhile, the architecture of enterprise applications has progressed from service-bearing mainframes to the parallel computing systems with large distributed clusters, providing services to billions of consumers […]
The European Union Agency for Law Enforcement Cooperation, better known as Europol, announced on March 26, 2019, that it has made an ongoing partnership with law enforcement from Canada, the United States and the member states of the European Union to target buyers and sellers of illegal items on the dark web.
This announcement was made on Europol’s website, describing the progress of the crackdown to date, including 61 arrests made and over €6.2 million ($ 6.9 million USD) worth of crypto assets, fiat currency and gold seized. Europol began gathering international teams of experts to the organization’s headquarters in the Netherlands in July of 2018 and began work in late 2018 and early 2019 to prosecute dark web traffickers of illegal narcotics, counterfeit currency and other such contraband in several nations.
Omega One, which is developing an off-exchange venue in digital assets and capital market infrastructure, has launched Omega Dark, the first regulated dark pool for digital assets. According to a recent press release, Omega Dark is the first company to be granted a provisional Digital Asset Exchange License in Bermuda under the country’s new Digital […]
By CCN.com: The hacker going by “ExploitDOT” has recently confirmed he/she was selling know-your-customer (KYC) data from world leading cryptocurrency exchanges on the dark web, in an attempt to clear his name from cryptocurrency news outlets claiming the ad was fake. Last week, CCN broke the news and revealed the hacker was attempting to sell
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On a darknet market called “Dread,” a vendor going by “ExploitDOT” is attempting to sell user data from the know-your-customer (KYC) data top cryptocurrency exchanges ask for, required by most jurisdictions. According to data shared with CCN, the hacker has an ad that has been online since July 2018, in which he claims to have
The post Hacked Customer Data From World Leading Cryptocurrency Exchanges For Sale On The Dark Web? appeared first on CCN
A middle-aged Scottish man has been sentenced to five years in prison for using bitcoin to purchase illegal firearms on the dark web. According to local police, David Mitchell, a 48-year-old from Edinburgh paid for a 9mm handgun, magazine, 150 rounds worth of ammunition, and a suppressor from the United States using about $ 2,750 worth of
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Capcom is officially bringing Dragon’s Dogma: Dark Arisen, an open-world action RPG originally released on PlayStation 3 and Xbox 360 in 2013, to the Nintendo Switch. Set forth, Arisen! Explore the open-world of Gransys at home or on the go with Dragon’s Dogma: Dark Arisen, coming to Nintendo Switch on April 23! pic.twitter.com/xBlc5RyiLa — Dragon’s Dogma (@DragonsDogma) January […]
A DuPage County, Illinois judge has ruled that a woman charged with paying $ 10,000 in bitcoin for a Dark Web hitman to have her former lover’s wife killed must continue wearing a GPS monitoring device as the case goes on. 32 year-old Tina Jones of Des Plaines, Illinois has been arraigned on four counts of solicitation
The post Court: Dark Web Bitcoin Murder-For-Hire Suspect Remains Under GPS Monitoring appeared first on CCN
US District Judge Robert Scola has imposed a 20-year prison sentence on 36 year-old Gal Vallerius also known as “Oxymonster” on the dark web drug hub Dream Market. In June, CCN reported that the French-Israeli citizen was apprehended by police at Atlanta airport in 2017 while attending the World Beard and Moustache Championship in Austin … Continued
The post Dark Web Dealer ‘OxyMonster’ Forfeits $ 700,000 in Crypto with 20-Year Prison Term appeared first on CCN
Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $ 20 to a $ 100 peak in a matter of hours, before correcting to $ 80 at press time. This means the cryptocurrency is currently up by over 277% in the last
The post Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme appeared first on CCN
Jordan Belfort, the penny-shares scammer portrayed by Leonardo DiCaprio in Martin Scorsese’s film, has been weighing in on bitcoin recently. After featuring in the CNBC documentary, Bitcoin: Boom or Bust, he has been hitting the interview circuit. But should we pay any attention to a proven con-artist?
Greater Fools Theory
Belfort has previously said that bitcoin 00 relies on the ‘Greater Fools Theory.’ So people only buy believing that there will be a ‘greater fool’ who will pay a higher price than they. He should know more about this theory than most, having earnt 22 months in jail through abusing it.
Malware targeting Bitcoin ATMs has reportedly been found online for sale on underground dark web sites that sell various illegal goods and services. The malware does not come cheap, as it is being sold for $ 25,000. The seller has reportedly received over 100 customer reviews, which indicates that the expensive piece of malware has generated substantial income. The malware is already in circulation and in use in several locations around the world. Once a buyer purchases the malware, he or she also gets a ready-to-use card with NFC and EMV capabilities. The malware is reported to take advantage of service vulnerabilities, enabling its users to receive as much as $ 6,500 worth of Bitcoin.
This week, the U.S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
It wasn’t all unsavory news, though. A new $ 300 million crypto fund was launched by Andreessen Horowitz to help grow the ecosystem, and Coinbase’s CEO started a cryptocurrency charity fund that already has $ 1 million to work with.
Bitcoin has been associated with criminal activities for a long time now and while the crypto community has refuted such claims, an increasing number of instances involving the use of Bitcoin in crime suggest otherwise. The latest is the indictment of two men from Maryland by the US Department of Justice. The two were allegedly manufacturing Xanax and distributing it through sales on the dark web. They would get paid in Bitcoin to maintain anonymity. The two were nabbed as part of a nationwide operation dubbed “Operation Dark Gold” which targets the illegal and criminal activities on dark web marketplaces.
The U.S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
Per the arrests, the agencies confiscated such illicit items as military-grade weapons, drugs and drug manufacturing equipment. They also seized some $ 3.6 million in hard cash and gold bars, as well as at least 2,000 bitcoin (valued at just over $ 12 million) and related mining hardware.
Paymon is one of the more interesting projects in the ICO space right now. One of the prime reasons is that Paymon already has a working app. Its MVP is available on three platforms – Web, iOS, and Android. This is a rarity in the current environment and what makes us so excited about this project.
The project aims to create a blockchain-based exchange platform where users can trade currencies and share messages in a secure manner. All of this will be powered by a new scalable blockchain technology called Hive. Hive makes use of atomic swaps, a technology that allows for swaps between different digital currencies without the need of an exchange platform.
According to Coinmarketcap.com, Ripple (XRP) is currently the third most popular cryptocurrency by capitalization, holding steady at about $ 32 billion dollars. As of the start of this week, it has been the only top-5 cryptocurrency that has had a positive trend since it started trading. However, the Thursday sell-off took it to new lows around 0.92.
Even in light of the digital currency’s impressive run-up in December and the first half of January, it still has quite a bit of potential for future growth. The Ripple technology has one huge advantage: near-instant international payments. With Ripple, such transactions are processed in just 10–15 seconds, while in the SWIFT system they can take up to 3 days. This is exactly why news from the financial sector could further spur Ripple’s growth.
News of a fresh crackdown on cryptocurrency trading in China has added to stress on Bitcoin and altcoin markets, seeing assets lose 30% in hours.
$ 200 Billion Disappears In New Downturn
Bitcoin dipped around 13.7% to challenge $ 12,000 Tuesday as both South Korea and China present regulatory changes which could limit access even further for regular users.
Despite local Korean news outlets forecasting that a “shutdown” on the cryptocurrency exchange space was “not likely” Monday, the situation remains confused as lawmakers attempt to place restrictions on everyday traders.