Bitcoin Remains Most Popular Digital Currency on Dark Web
Two professors at the Department of War Studies at King’s College London have published the results of their deep dive into The Onion Router, or Tor, network, which is designed to make it difficult to track the activity of online users. The study found that websites offered illicit goods and services in 12 categories, including finance, and that bitcoin was still the digital currency of choice for conducting a wide range of other transactions. “Bitcoin is the most common currency employed in all Tor hidden-services trade,” wrote Daniel Moore, a cyber-threat intelligence engineer in the....
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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 initially became popular as a way to pay for illegal goods on the dark web marketplace the Silk Road. But just recently as cryptocurrencies enter the mainstream media once again, the current most active marketplace on the dark net has ditched Bitcoin in favor of Monero. Here’s why Bitcoin’s use as a dark web […]
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....
Kraken has become the first digital currency platform in the history to introduce Ether Dark Pool. Kraken yesterday announced that it is introducing Ether Dark Pool on its platform, thereby becoming the first digital currency exchange to have introduced such a trading feature. The core motto behind the launch of Ether Dark Pool is to provide traders with an abstract layer of privacy, while executing larger orders. Especially in an over-volatile market such as cryptocurrency, the need to shield big trading orders is must for every professional trader – to prevent flock trading, and saving....
In this concluding article of our series looking at Silk Road, a year after its closure, we examine the impact the Silk Road bust had on the dark markets and their most widely used digital currency, bitcoin. The FBI may have taken down the Silk Road in spectacular fashion, slapping a seizure notice on the dark marketplace's website and executing the high-profile public arrests of Ross Ulbricht, and later, bitcoin executive Charlie Shrem and digital currency trader Robert Faiella. According to academics and researchers studying dark web markets - which transact almost exclusively in bitcoin....