Monero Loses Darknet Market in Apparent Exit Scam
Monero appears to have lost its darknet market integrations, and very well may have fallen victim to an exit scam. Darknet market Oasis, the first to accept Monero, has abruptly gone offline in an apparent exit scam, making off with customer funds. An estimated 150 Bitcoins were lost, as well as an indeterminate amount of Monero. Several users report that attempts to withdraw XMR from AlphaBay, the darknet market whose integration was closely correlated with the currency’s meteoric rise, were unresponsive as well. HolladsHerbs, Reddit user, posted in the /r/DarkNetMarkets subreddit a....
Oasis Market, a darknet marketplace has shut shop in what appears to be an exit scam.
Oasis Market, the deep web marketplace has gone dark! Users fear that this might be the last they are going to see of Oasis Market as many lose funds. The marketplace is said to have made away with over 150 BTCs and an undisclosed amount in Monero.
The exit of Oasis Market comes at the time when it was rising up the ranks of darknet marketplaces, alongside AlphaBay, Silk Road 3, Dream Market and others. The notoriously promising marketplace was one of the few to start accepting Monero alongside....
Jaxx has announced it will be integrating Monero into its wallet. The popular multi-coin cryptocurrency wallet announced via Twitter that it planned to integrate the privacy-centric coin in the near future.
This integration will span all nine platforms supported by Jaxx, including iOS and the App Store, which have been notoriously picky about cryptocurrency in the past. Decentral CEO Anthony Di Iorio confirmed in a tweet that the Monero integration would hold true for the App Store as well:
Apple’s confusing App Store cryptocurrency policy.
Cryptocurrencies have long struggled....
“We believe Monero is by far the best cryptocurrency at the moment to buy/sell anonymously,” an unknown rep of Monero Market told CCN before the Monero-focused dakrnet marketplace went offline today.
The representative added:
Bitcoin is not anonymous anymore. There has been lot’s of article of buyers/sellers being busted recently and this is just the tip of the iceberg. We believe in Monero and we do believe our market will grow in the next months as more and more people will get busted using Bitcoin.
Monero Market was the first darknet marketplace....
While Silk Road popularized the industry back in 2011, AlphaBay is the now the most widely used darknet market in existence. Usage statistics are hard to come by when it comes to Tor hidden services, but in an interview with Deep Dot Web earlier this year, the site’s head administrator claimed many vendors from the now-defunct Evolution marketplace have moved over to AlphaBay.
The popularity of AlphaBay is also obvious on the darknet markets subreddit, a popular forum of choice for those who shop on the darknet.
Bitcoin Magazine reached out to AlphaBay to get their thoughts on....
Anonymous cryptocurrency Monero has jumped in value over the past couple of months. More recently though, the price has declined from its highs as the community experienced unexpected rumors. Throughout this, Monero has remained a valued asset with the sixth–highest market capitalization. It also continues to have significant trading volume.
The Oasis Exit Scam.
The darknet marketplace (DNM) Oasis has gone offline, and many believe the administrators left with the escrow holdings. This includes a rumored 150 BTC and some Monero (XMR) as....
The biggest challenges that Bitcoin currently faces are flow of funds, a lack of market makers, and outsized exchange rate risk. It's nearly impossible to move USD in and out of the largest trading platform (MtGox) and, as a result, there are very few significant market makers participating in the exchange. Absent reliable providers of a liquid marketplace, volatility will remain high. This presents major difficulties for businesses and individuals that might otherwise accept Bitcoin as payment for goods and service in forecasting Bitcoin exchange rate risk. Bitcoin can't be a viable long-term currency unless, and until, it is more broadly accepted as an exchange medium for items of real value (i.e. these goods and services). These challenges are interconnected and the current regulatory assault is the single most important aggravating factor to these circumstances.