News

Total Bitcoin Transactions on the Dark Web

Dark Web'deki Toplam Bitcoin İşlemleri 2 Katına Çıktı

Chainalysis according to, the number of BTC transactions on the dark web has doubled last year.
The total value of all the bitcoin transactions through the Dark Web fell from $ 700 million to $ 600 million over the same period.

Blockchain analysis firm Chainalysis according to the last report,The total bitcoin (BTC) transactions on the Dark web are reportedly doubled in 2018 (against 2017).

Dark Web $ 600 Million from Bitcoin

Despite the long-term crypto bear market, which saw the BTC price drop from $ 20,000 to $ 4,000 in December 2017, there has been an increasing number of bitcoins in the Dark web markets. These underground websites are secretly used to buy controlled items, fake IDs, among other things.

Chainalysis' research, the total value of all bitcoin transactions on the Dark web in 2018, said about $ 600 million. However, in 2017, all of the BTC The value of transactions was about $ 700 million, a decline of 100 million. According to the company's findings, the significant reduction in the total value of all illegal bitcoin transactions was due to the closure of major markets such as Hansa and AlphaBay, which were pulled down in mid-2017.

BTC Transactions Handled by Payment Processors Decreased 80%

Total Bitcoin Transactions on the Dark Web

Kim Grauer, senior economist at Chainalysis, explained in an interview with Reuters:

Uk The reason for this decline is more police activity. It would have been misleading to think that this year (volume) will come down. Bu

Significantly, data previously compiled by Chainalysis showed that the total value of the bitcoin transactions handled by the crypto payment processors decreased by approximately 80% between September 2017 and September 2018. This can be attributed to the drastic sharp decline in prices of crypto money.

Even if prices fall, however, the dark appears on the web to continue to use crypto coins to attach to the buyer and seller transaction. Grauer commented that bitcoin payments are why he thinks that darkness often happens on the web:

For someone who wants to buy something in a dark market, the fluctuation of bitcoin price doesn't really matter. “

However, Grauer said there might be several reasons why bitcoin-related transactions on underground sites could be reduced this year. He believes he can close more markets to reduce the number of crypto-related purchases via the Dark web. To prevent detection, Grauer may begin to use encrypted messaging applications (such as Telegram) to do illegal crypto operations.

Malta-based digital exchange rates Binance has revealed that it uses chainalysis's know-your-customer (KYC) / money laundering prevention (AML) software to help prevent illegal transactions. Chainalysis's proprietary blockchain analysis software helps companies conduct investigations on financial transactions. The software is also used by the security company's corporate clients for compliance.

Source: Cryptoglob to

Up Next

Tron Plans Collaboration with Kiip

Don't Miss

7 People Arrested in Cryptocurrency Fraud in Taiwan

Oğuzhan Gökduman

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph