Monero Challenges Bitcoin to Become Darknet Currency
Alphabay, a deep web marketplace is soon starting to accept Monero on the platform. The increased interest in Monero is attributed to its enhanced privacy features. A new cryptocurrency is giving Bitcoin a run for its money when it comes to the title of being the most favored currency on the dark net. Monero, as the cryptocurrency is titled, is gaining recognition for its better-tha-Bitcoin privacy features. Unlike Bitcoin, the blockchain of which is open and transparent, and can easily trace users by their respective wallet addressed, Monero automatically generates a new wallet address....
Related News
Monero (XMR), a privacy-focused open source cryptocurrency, has agitated the digital currency community after demonstrating a nearly 100% increase in price over a 6-day period, from August 24th-30th. Users and investors of the currency, which has been around for over two years, have questioned the factors behind the sudden increase in the price of Monero. At the moment, experts suggest that there should have been at least five major factors which triggered the value of Monero: the integration of Monero by darknet marketplaces, continuous support of experts, legitimate cryptography, a rise....
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....
The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number of crypto proponents have reported on the darknet marketplace, White House dropping bitcoin (BTC) payments in order to exclusively support monero (XMR). On December 28, one individual on Twitter wrote: “[One of the] largest darknet markets, White House Market, drops bitcoin support, now only....
The dark web has started to embrace Monero, a privacy-conscious alternative to Bitcoin. First, the operators of SIGAINT, a commonly used dark web email provider, decided to host a full node for Monero light wallets. Then, an eight-month-old darknet market called Oasis decided to allow vendors to accept Monero. Finally, Alphabay, the largest darknet market in operation right now, announced the first phase of Monero implementation on their platform. Why Monero? Staff members at Alphabay and Oasis say that customers and vendors have simply demanded the Monero option. “It's a lot more secure....
“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 to solely use Monero, a crypto-currency....