Project: ITOM (Illegal Trade on Online Marketplaces) Will Target Europe's Bitcoin Users
The Dutch Openbaar Ministerie, their Public Prosecution Service, has leaked a document to volkskrant.nl regarding plans for Project: ITOM (Illegal Trade on Online Marketplaces). The Dutch OM will be working in conjunction with government agencies from around the world, but mostly Europe, to hinder the development of the deep web's online marketplaces, which happen to also sell drugs among other government-approved things. As many people know, a large amount of drug trafficking flows from the Netherlands through the "new Silk Road" to the rest of the world. A previous article by Volkskrant....
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European prosecutors are speaking out about a new pan-European project designed to combat dark markets on the web - and they're addressing bitcoin as a key tool of these illicit bazaars. The Illegal Trade on Online Marketplaces (ITOM) was initiated by the Dutch Public Prosecution Service, the Openbaar Ministrie. Kicking off with a meeting in April this year, the project draws together law enforcement from various European countries in an attempt to stop the illegal trade of goods online. Agencies involved include Europol and law enforcement from the UK, Portugal, and Germany. The project....
Online marketplaces openly advertising their semi-anonymity have gotten a bad reputation over the years. Whenever everyday consumers hear “anonymous marketplace,” they immediately think of illegal products and services, and how Bitcoin facilitates these actions. Nothing could be further from the truth where Bitmarkets is concerned though, as this....
The online marketplace revolution. Online marketplaces are a massively popular phenomenon. Web sites, such as Amazon and eBay, have been very successful and their success translated into multi-billion-dollar capitalizations. It is known, though, that the biggest room in the world is that for improvement. They were revolutionary for their time, offering the users an unprecedented opportunity of trading almost any items across the globe. But by now it is clear that the currently leading online marketplaces are far from perfect. High fees, frequent fraudulent refunds by the sellers and....
With rising fentanyl overdose related deaths, darknet marketplaces like AlphaBay and Darknet Heroes League have taken an anti-fentanyl stance. A drug dealer with a conscience is not something many people are readily willing to come to terms with. But few darknet marketplaces known for facilitating the sale of illegal drugs for Bitcoin payments have started to grown a conscience. According to reports, AlphaBay and Darknet Heroes League are the two darknet marketplaces that are actively discouraging the sale of drugs laced with fentanyl and other similar chemicals. These marketplaces may not....
With all of the focus on the deep web and underground marketplaces, there is a lot of discussion as to which deep web marketplace is the “best’ right now. Plenty of users seem to be for AlphaBay, and their subreddit is filled with a lot of illegal deals and complaints about Bitcoin users being scammed. There are many deep web marketplaces available to users, yet not all of them can be trusted. Any form of peer-to-peer marketplace needs to ensure both buyers and sellers are protected at all times, especially when they deal with Bitcoin as a payment method. After all, cryptocurrency....