Bitcoin - Is Evolution Imminent?
"Bitcoin is the future of the global economy". We have been saying these words for a while now and even Bitcoin has been showing signs of stabilizing. The value of this widely adopted digital currency has been fluctuating around the $250 mark in the past few months. But Bitcoin's future rests on a precarious slope. Bitcoin network and the technology surrounding it needs improvements in the near future in order to be sustainable. Introduced in 2008 by the elusive Satoshi Nakamoto, Bitcoin has gained a lot of users since then. Even though the application of Blockchain has now expanded beyond....
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Notorious dark web marketplace Evolution has vanished amid reports that its administrators have absconded with more than $12m in bitcoin. Accessible only via the Tor network, the market had become the go-to online drug bazaar following the shut down of Silk Road and Operation Onymous, a pan-agency crackdown on illicit markets that seized over 400 domains in November. Members of the darkweb community expressed concerns about Evolution's moderators - operating under the handles 'Kimble' and 'Verto' - who were delayed responding to and processing withdrawal requests. Reddit's Evolution....
The Bitcoin market this week has been volatile, shifting a total of $43.39 between this week’s peak of $293 and low of $250. We saw the market retest territory and for a little while it seemed like we would break $300, with volumes exceeding $50,000,000 at some points. The massive fall drop in the bitcoin price — amounting to approximately 15%– may be due to the fact that the Evolution drug market closed after a staffer alleged that admins had scammed its huge user base. Bigger than the original Silk Road or its descendant Silk Road 2, Evolution was able to amass 20,000 drug sales shortly....
Wired reports that the shutdown of Silk Road 2 was shut down by FBI's and Europol's Operation Onymous, earlier this month, scattered the Dark Web's drug dealers. But one new and improved crypto market is welcoming and profiting from those refugees: an appropriately named website called Evolution. Evolution, a Tor hidden service only accessible using Tor (like Silk Road and most online drug marketplaces), has more than tripled its rate of growth in new product listings, according to data collected by the non-profit Digital Citizens Alliance, since the demise of Silk Road 2. That's helped....
FBI Takes Down Silk Road. Last month, the FBI took down the online drug marketplace known as Silk Road. However much like a hydra, a new online marketplace has reared its head called Evolution Marketplace, and it is enjoying explosive growth in its offer of drugs and other illegal items. A statement from the Digital Citizens Alliance shows that though the FBI action in taking down websites did have the effect of slowing down the darknet, new sites have nonetheless emerged in the interim. The latest Darknet site, Evolution significantly ups the stakes. Digital Citizens Alliance Research....
Amor Sexton is a consultant and lawyer at Adroit Lawyers, Australia's first specialist digital currency legal practice. She advises digital currency businesses and has worked with bitcoin industry bodies to clarify the regulatory framework in Australia. In a recent article, Jon Matonis stated that "bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations". The current global political climate has resulted in the development of laws that are increasingly pervasive and intrusive on the rights of private individuals. In many....