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US Citizen Indicted for Narcotics Distribution in Exchange for Bitcoin

News A United States citizen has been charged with heroin and methamphetamine distribution in exchange for Bitcoin (BTC). According to a Jan. 3 press release published by the U.S. Attorney’s Office for the Eastern District of New York, Joanna De Alba allegedly promoted and sold illegal narcotics o..

Silk Road Darknet Marketplace Founder: BTC Will Reach $100,000 in 2020

News The price of Bitcoin (BTC) will skyrocket up to $100,000 in the coming year, according to the founder of infamous darknet marketplace Silk Road. In a series of blog posts on Dec. 10, Ross Ulbricht — the founder of now-defunct anonymous marketplace Silk Road — predicted that BTC’s price will r..

Russia: Darknet Marketplace Plans $146M ICO for Global Expansion

News Russia’s largest darknet marketplace is looking to raise $146 million in a token offering that would allow it to go global. As Forklog reported on Dec. 11, the token sale is almost certainly illegal — in this case not merely for flouting securities laws or other financial regulations. “A ne..

Tor Project Now Accepts Bitcoin Over Lightning Network

News The Tor Project, the nonprofit organization behind the anonymous network Tor, announced that it now accepts Bitcoin (BTC) donations via the Lightning Network. The organization announced on Nov. 19 that it will accept Lightning Network donations as part of Bitcoin Tuesday, a fundraising initia..

Fake Tor Browser Steals Bitcoin From Darknet Users, Warns ESET

News Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet. Fake browser distributed via 2 websitesTargeting users in Russia, the fake Tor Browser was distributed via two websites and has been stealing crypto from ..

Former US Army Interpreter Gets 30 Years for Dark Web Fentanyl Trade

News A former interpreter for the United States military forces was sentenced to 30 years in jail for dealing fentanyl, which led to the death of a U.S. Marine. Drugs paid for with cryptocurrenciesAccording to a Reuters report from Oct. 3, a former Iraqi U.S interpreter was sentenced to 30 years i..

Crypto, Cash and Drugs: Crypto Use Grows as Drug Trade Digitalizes

Analysis From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently ex..

Chainalysis’ Jesse Spiro on Crypto Wallet Blocking and Its Potential Impact

Interview More and more cryptocurrency addresses have been added to the United States Department of the Treasury’s list of Specially Designated Nationals, which are marked as being possibly associated with the global drug trade. According to the Kingpin Act, U.S. companies and individuals are bann..

Bitcoin No Longer Desirable Option for Criminals, Says CoinCorner CEO

News Gary Davis was sentenced to 6.5 years in prison for helping manage the now-defunct darknet marketplace Silk Road. The 31-year-old Irish man, who was extradited to the United States, had served as Silk Road forum moderator between May and June 2013 before working as a site administrator betwee..

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War

A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such l..

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