Why The Dark Net’s Most Active Market Ditched Bitcoin For Monero
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 […]
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Drug dealers find solace in Monero, Shopawl accepts bitcoin, and the era of traditional banking may finally come to an end. Check out the stories below to catch up on your latest tech and digital currency news. MONERO MAKES DRUG TRADING MORE PRIVATE. At just two years old, Monero is one of the world’s newest altcoins. Despite its lack of experience in the digital arena, however, the price of the coin quadrupled early last month, and the coin is earning newfound popularity among drug dealers thanks to its promise of more privacy. AlphaBay, one of the dark net’s leading drug sites, has....
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....
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....
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....
On January 3, Monero officially overtook Litecoin and Ripple, solidifying its position as one of the leading cryptocurrencies in the market. There exists several major factors that pushed the market cap of Monero this past weekend including the Alphabay userbase, active development and integration. Experts Praise Monero, Over the past 12 months, Monero and its development team received positive and optimistic recognition from leading cryptocurrency experts and cryptographers, due to its legitimate cryptography and technology. It is one of the very few cryptocurrencies in the market that....