The Dark Web - The Bitcoin Slang Market

The Dark Web - The Bitcoin Slang Market

Many people believe that search engines, especially Google, can index most of the pages available on the web for a given search query. Nonetheless, the truth is that there is a massive part of the internet that cannot be accessed by Google's crawling spiders. This part of the web is known as the "Dark Web" and it is a place where cryptocurrency, namely bitcoin, is the official currency. What is The Dark Web? The dark web, or deep web (false name as the deep web is a part of the dark web), represents the parts of the world wide web that are hosted on overlay networks, darknets, TOR....


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Bitcoin on the Dark Web: The Facts

Bitcoin has been the de facto currency of the Dark Web - the 'hidden' Internet accessible only by Tor - since the pioneering marketplace Silk Road, the 'eBay of drugs', arrived in 2011. But just how much do we know about these new underground economies? Who is buying and selling - and what? Here's what available data can tell us about bitcoin on the Dark Web. Bitcoin on the Dark Web: the Facts

Bitcoin Exchange Kraken Launches New Dark Pool

San Francisco-based digital currency exchange Kraken has launched a new dark pool for bitcoin trades. The dark pool, which functions as an invisible order book separate from its public offering, is intended to provide a means for traders to move more than 50 BTC (roughly $12,500 at press time) on the market in relative secret. Dark pools are used throughout the global financial system, though the practice has faced rising scrutiny from regulators, and banks have been penalized in the past for unlawful activity within the dark pools they operate. Supporters of dark pools say they help....

Survey: Silk Road Closure Didn't Stop Dark Web Drug Surge

Drug sales on the dark web actually increased after the closure of bitcoin-only marketplace Silk Road, a new survey has shown. Established by addiction specialist Dr Adam Winstock in 2011, the Global Drug Survey is a harm reduction initiative that seeks to provide accurate statistics on substance use worldwide. Analysing over 100,000 responses from 50 countries, the survey found the number of users buying drugs from dark marketplaces rose by 1.2% in 2014. The UK led this surge in demand, with 15.1% of British drug users buying from the dark web, a near-3% rise from the year before.....

Shining a dim light on Dark Wallet

What is behind Dark Wallet, the new plug-in browser-based bitcoin wallet designed for non-technical users, and described in the New Yorker last week? The wallet is under development by Cody Wilson, who has gained notoriety as a distributor of information that can challenge traditional notions of free speech. Wilson did not respond to requests for an interview, and little is known about Dark Wallet at present, other than what is reported in the New Yorker. The system will be designed as a wallet for mainstream users, used as a plug-in for Chrome and Firefox browsers, on Windows, Mac, and....

Dark Market Agora Shuts Down Citing Security Threat

Dark web marketplace Agora has announced it will shut down temporarily while it explores defense mechanisms against potential attacks. The marketplace attributed its decision to recent research that highlighted vulnerabilities in the Tor protocol that could lead to the identification of its servers and operators. Agora is believed to be the largest dark market website by daily transaction volume, and uses bitcoin to facilitate payment for both legal and illicit items listed by vendors. In its online announcement, Agora's anonymous administrators reported they had moved servers following....

Quotes

I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting. It has been obvious to us all for quite some time that people aren’t satisfied with the business as usual approach adopted by the major payment networks. There’s a real desire for greater levels of control, freedom and scrutiny over what happens with our money, Bitcoin addresses these concerns and that is why so many people believe it represents the future.

Sir Richard Branson, Founder of Virgin Records, Virgin Galactic, and 400+ other businesses