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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: Dark Net

Recently Closed Dark Web Marketplace AlphaBay Was Ripe Ground For Phishing

Category: Bitcoin, Commentary, News

Recently Closed Dark Web Marketplace AlphaBay Was Ripe Ground For Phishing

A hacker, operating under the pseudonym “PhishKingz,” has allegedly generated over one million dollars in just 14 months on the recently closed down dark web marketplace AlphaBay by running a phishing scam. The hacker gave an interview to DeepDotWeb detailing how profitable the operation has been. “I have a trade volume on LocalBitcoins of about 500 BTC in total. This…

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Coordinated International Law Enforcement Effort Leads to Shut Down of AlphaBay

Category: Bitcoin, Business, News

Coordinated International Law Enforcement Effort Leads to Shut Down of AlphaBay

On July 5, Alphabay, one of the biggest marketplaces on the dark web, went offline mysteriously with no explanation from its developers or administrators. The website has yet to resume service, and it is believed to have been shut down by law enforcement. AlphaBay started its operations in December 2014, filling the void left by the absence of Silk Road….

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AlphaBay’s Downtime Unnerves Users: Another Exit Scam?

Category: Altcoins, Bitcoin, News, Tech

AlphaBay’s Downtime Unnerves Users: Another Exit Scam?

On July 5, the largest dark net marketplace globally disappeared, with vendors and buyers unable to access their accounts and any bitcoin or cryptocurrency associated with it. Five days later, on July 10, there is no sign of the marketplace coming back. As the largest dark net market, even dwarfing the infamous Silk Road, the site could be experiencing an…

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Ross Ulbricht’s Appeal Rejected, Judges Blast Drug Policy

Category: Bitcoin, Commentary, News, Regulation

Ross Ulbricht’s Appeal Rejected, Judges Blast Drug Policy

US Judges uphold Ross Ulbricht’s life sentence Reuters reported on May 31, as the self-confessed mastermind of the infamous Silk Road deep web marketplace lost an appeal to overturn his conviction. On May 31, 2017, the Court of Appeals in New York rejected the appeal, where Ulbricht’s lawyers argued that their client was not given a fair trial due to…

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BitVal: Measuring Bitcoin Based On Money Laundering

Category: Bitcoin, Commentary, Finance, News

BitVal: Measuring Bitcoin Based On Money Laundering

With bitcoin skyrocketing in price and looking to break $3,000 if the current trajectory holds, how much is too much? What is one bitcoin really worth? BitVal, a beta metric, tries to put a valuation measure on the cryptocurrency in a way that makes logical sense. For stocks, this value is typically derived from the earnings of the underlying firm…

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Ether to be Added as Third Supported Cryptocurrency on AlphaBay

Category: Altcoins, Ethereum, News

Ether to be Added as Third Supported Cryptocurrency on AlphaBay

AlphaBay, one of the leading dark web markets, announced March 18 that they would be initiating acceptance of Ethereum’s token, ether, as a supported cryptocurrency on their website. Ether will be joining the ranks of bitcoin and monero and will be fully operational on May 1, 2017. Ethereum’s cryptocurrency, ether, is already at an all-time high, and with the announcement…

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Danish Police Follow Bitcoin’s ‘Breadcrumbs’ to Jail Cybercriminals

Category: Bitcoin, News, Regulation

Danish Police Follow Bitcoin’s ‘Breadcrumbs’ to Jail Cybercriminals

In a world first, Danish police have analyzed bitcoin transactions to track down and prosecute individuals involved in drug trafficking on the Dark Net, as repoted by Danish news outlet Berlingske. January 2017 saw a Danish 20 year old convicted for drug trafficking by way of analysis of bitcoin tranasctions, the second such time in Denmark. The man in question…

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BITCRIME: “We Aspire Innovation-friendly Regulation”

Category: Bitcoin, Interviews, News, Regulation

BITCRIME: “We Aspire Innovation-friendly Regulation”

The German-Austrian research project BITCRIME recommends governments to regulate Bitcoin based on transaction blacklists. The coordinator of the German subproject, legal scholar Dr. Paulina Pesch, explains why. (translated from German) Dear Ms. Pesch, in the recently published policy recommendation you write that it is not clear to which extent bitcoin are used for criminal purposes. Shouldn’t we expect you to…

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‘Ethical Hackers’ Hijack Zcash with the Creation of Ebitz

Category: Altcoins, News, Tech

‘Ethical Hackers’ Hijack Zcash with the Creation of Ebitz

A group of European ‘ethical hackers’ have taken steps to launch a newer, improved version of Zcash that addresses many of the hotly-debated drawbacks of the privacy-centric cryptocurrency. Two significant changes to the Zcash protocol have been made and the launch of the improved version, named Ebitz, is due November 28. Firstly, Ebitz does not support the “founder’s reward,” unlike…

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