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Canada’s New Cyberweapon “Project Arachnid” Crawls the Internet for Child Pornography

Ever since the public gained access to the internet, some entity always found a way to attract law enforcement’s attention. Hacking, drug dealing, and financial crimes like credit card fraud or identity theft often topped the list in pure numbers. However, one type of crime often attracted more attention than others: child pornography and sites that facilitated the sharing of ... Read More »

PascalCoin – A New Cryptocurrency Setting a Record For Daily Trade Volume

Right after being enlisted on Poloniex, the cryptocurrency exchange, the price of PascalCoin (PASCAL) soared by more than 1600% within less than 24 hours. The volume of exchange exceeded 7000 bitcoins less than a day after the PASC/BTC market was added to Poloniex. Although the first block on PASCAL’s blockchain was mined last August, PascalCoin didn’t attract much attention until ... Read More »

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Bitcoin price analysis Febraury 14, 2017

China Strikes Again The People’s Bank of China, conducted an impromptu inspection some of the biggest exchanges in China. Price plunged as soon as word was out, from its $1085 highs, down to $951. Over the past 3 months, the world’s 2nd largest economy was partly responsible for the bull run of late 2016, and fully responsible for all the ... Read More »

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DRAFT – Using Financial Derivatives To Secure the Assets of Decentralized Applications (DAPPs)

Ethereum contracts can be formulated to act like decentralized applications, or DAPPs. Numerous DAPPs are already operating including a role playing game, an online marketplace, an internet service provider and a prediction market. Unfortunately, DAPPs are vulnerable to hacking, and the funds they hold can be stolen. The recent attack on a DAPP, known as DAO, has revealed that smart ... Read More »

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K-Chains – Blockchain Protocols Based On Quantum Mechanics

Quantum mechanics have ignited a transformational change in the way we envision the world and utilize technology. Economics is one of the prominent fields throughout which Quantum mechanics can be deployed. Quantum mechanics can be utilized to create a novel class of blockchains. A new paper has just been published exploring the possibilities of building blockchains on the basis of ... Read More »

Five Arrested for Hacking 41 ATMs and Stealing $2.5m in Taiwan

According to a press release from Europol, law enforcement in Europe and Asia ran a “complex operation” that resulted in five arrests. Three separate law enforcement agencies made the arrests after collecting intel during the year-long investigation into “an organized criminal group.” The European and Asian law enforcement agencies involved—agencies in Romania, Belarus, and Taiwan—successfully convicted three of the five ... Read More »

Man Uploads Videos of Himself Abusing a Child to a Pedophile Site, Police Arrest Him the Next Day

According to n-tv.de, German Police arrested a formerly wanted-man who repeatedly abused an eight-year-old girl and posted the videos on a “child porn platform through the darknet.” Police conducted the arrest on January 26, one day after they published his photos and asked the public for help finding him. The 27-year-old suspect from Traunstein, Bavaria, abused the girl on camera ... Read More »

Owner of Four Illegal Online Pharmacies Sentenced to Eight Years in Prison

In late May 2014 U.S. Attorney Jenny A. Durkan announced that a federal grand jury in the Western District of Washington indicted seven people for illegally distributing narcotics through an online pharmacy. The group, according to the indictment, sold $9,000,000 worth of controlled substances to patients without a prescription. On January 26, 2016, U.S. Attorney Annette L. Hayes announced the ... Read More »

Major Tor & Darknet Major Privacy Update, Gov’t Investigations Struggle

The Tor Project, a non-profit organization established to provide increased privacy and anonymity to billions of internet users, is set to roll out major privacy updates in the upcoming months which will obstruct active government and law enforcement investigations. Over the past few years, government and law enforcement agencies including Interpol and the FBI have conducted various investigations to crack ... Read More »

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Narcotics, Weapons, And Counterfeit Money Found In German’s Apartment

A 28-year-old man from Stuttgart, Germany stood before court for possessing large amounts of narcotics, counterfeit money, and weapons in his apartment. According to police information, all illegal goods were ordered from the dark web. The case started in 2016 when the suspect bought a kilogram of marijuana from a dark web vendor “River 87”, the defendant confessed. Meanwhile, the ... Read More »

German Police Raided Three Suspects for Showing Interest in Darknet Firearm Sales

Despite ample evidence pointing towards German law enforcement’s enhanced ability to catch darknet firearm buyers, people keep trying to buy guns online. Some countries may not report a connection between illegal guns and the darknet. And other countries—according to a Russian forum where guns are a commonplace—have more pressing matters than hunting down gun buyers. Whatever the case may be, ... Read More »

Bitcoin news roundup, February 12, 2017

This week’s summary of various cryptocurrency news and developments: New developments: China’s central bank threatened to shut down bitcoin exchanges The People’s Bank of China (PBOC), China’s central bank, released a statement in its website, where it laid out a warning issued to several bitcoin exchanges in a meeting. Notably, the People’s Bank of China told exchanges not to take ... Read More »

Dealer Busted with 70g of MDMA Found Guilty, Claimed He Ordered from the Darknet for Himself

Julian Fleming-Burt, a 35-year-old former DJ, stood in front of an Exeter Crown Court judge for drug possession charges. The Haldon Road, Tiverton, DJ admitted possession of both ecstascy and marijuana—both intended for distribution, he said. This confession of guilt followed a contradictory “bizarre police interview,” according to Express & Echo. Officers arrested the man with large quantities of MDMA, ... Read More »

Man Who Hacked Women’s Computers to Steal Explicit Photos Signs Sealed Plea Deal

According to the U.S. Attorney’s Office for the Northern District of Alabama, a former Shelby County resident agreed to plead guilty to hacking email and file storage accounts of 50 women. Authorities kept the plea-agreement sealed but still revealed some case details. Roger C. Stanton the FBI Special Agent in Charge, explained that the defendant, Kevin Maldonado, phished the Gmail ... Read More »

Member of $71m Cybercrime Group Sentenced for Wire Fraud

According to US Attorney Annette L. Hayes, US District Judge Thomas S. Zilly sentenced another individual in connection with a massive “ScareWare” scam. The defendant, a 37-year-old citizen of Belarus named Alexander Mihailovski, pleaded guilty to conspiracy to commit wire fraud in 2016. Although the FBI named Mihailovski in 2012 indictment, Mihailovski avoided any run-ins with law enforcement until police ... Read More »