Monero Rising: Why Dark Markets Matter
The precipitous rise of Monero in the past few days has caused many users and traders to ask: what’s behind the surge of the self-proclaimed “untraceable” XMR token? Monero Surge Indicative of Demand for Privacy? For those familiar with the altcoin market, it’s not how much a coin has made, but more how much has it made for you lately? The latest....
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Privacy-centric cryptocurrency Monero (XMR) has been making waves in the community as of late. Most recently, it has been revealed that the digital currency will be used by leading Dark Net Markets. Oasis & Alphabay Will Implement Monero. According to a recent Reddit post on the Dark Net Markets (DNM) forum, Monero will be used by the Alphabay and....
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 […]
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....
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....
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....