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Bitcoin news roundup, January 22, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Coinbase CEO claims battle with the IRS could cost the startup $1 million Last week, DeepDotWeb reported a new court filing showed Coinbase was ready to fight the IRS in order to stop it from getting to its user records. Coinbase has already claimed this was an “extraordinarily broad ... Read More »

The EU to Hire Hackers and Ex-Drug Users to Stop Darknet Drug Trafficking

Alexis Goosdeel, chief of The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), announced a new approach to fighting darknet drug sales. On January 4, Goosdeel spoke to the Belgian newspaper Le Soir about a newly drafted strategy aimed solely at the buying and selling of darknet-traced drugs. And according to Le Soir, the strategy, while not due for ... Read More »

Elmshorn Man Arrested For Buying Drugs From Dark Web

A 31-year-old was arrested in Elmshorn, Germany for buying narcotics from the dark web. The Customs Office in Essen intercepted a package containing 500 grams of amphetamines. The parcel belonged to the 31-year-old suspect. The package was delivered to an address in Norderstedt, but law enforcement authorities quickly tracked down the suspect’s location in Elmshorn. On December 30, police raided ... Read More »

Is the Government’s Secret Internet Killswitch Being Engaged at Protests Across the US?

A Standard Operating Procedure developed by the United States federal government allegedly for the purposes of stopping terrorists from detonating radio-activated bombs, may actual be being used as a cellular phone and internet killswitch at protests across the country. Government Fights to Keep Internet Killswitch Secret On Monday, January 11th, 2016, the US Supreme Court declined to hear a petition ... Read More »

Cybercrime Investigator Says Police Use “Covert Investigators” to Catch Darknet Vendors

The Attorney General at the Central Office for Combatting Cybercrime (ZIT), spoke with two famed ARD journalists about handling darknet crime. Both reporters, Annette Dittert and Daniel Moßbrucker, previously created a documentary on the darknet. While their interview with the ZIT’s Attorney General, Andrew May, covered the same topics, the interview and documentary were separate projects. Weapons, drugs, and child ... Read More »

French Minister Issues Nationwide Warning on Cyberattacks, Major Infrastructure Providers in Trouble

Earlier this week, French Defense Minister Jean-Yves Le Drian issue a nationwide warning on cyberattacks, stating that major civil infrastructure providers including electricity, water, transport and telecommunication firms may face security issues in the near future. The announcement of Le Drian came after the Ministry of Defense of France reported that it effectively prevented and blocked over 24,000 external attacks ... Read More »

Indian Government is Training Policemen to Crackdown Electronic Fraud

Indian government and law enforcement are allocating increased capital in training police officers to crackdown electronic fraud involving online transactions. A facility was launched in the police headquarters in Kasaba Bawada to ensure police officers obtain necessary information and technical expertise to detect electronic fraud. Sohali Sharma, superintendent of Police, announced: “In Kolhapur district, new software and machines have been ... Read More »

People Commit Suicide in India Amid Shortage of Cash, Demand of Bitcoin Goes up

Just months after Indian Prime Minister Narendra Modi’s announcement to demonetize two of the most widely used banknotes in the country, the circulation of cash halved, declining from over 18,000 billion to 8,000 billion rupees. Such drastic change in India’s cash-based economy led to disastrous economic and financial impact. Within weeks after the demonetization, the general population of India struggled ... Read More »

Three Silk Road Vendors Convicted for Online Drug Distribution

A federal jury in Orlando, Florida, found Julian Villa-Gomez Lemus, a 31-year-old from Visalia, CA, guilty of selling drugs via the darknet. Previously—or very shortly before but within the same week—Julian Villa-Gomez Lemus watched his conspirators plead guilty for the same or very similar crimes. All of the defendants shared a conviction: conspiracy to distribute controlled substances. However, the degree ... Read More »

German Arrested for Buying Ammo on the Darknet

In Mettmann—East of Düsseldorf in the North Rhine-Westphalia state, a 45-year-old IT specialist fell under law enforcement’s scope of suspects for online firearms purchases. The Customs Office of Essen opened the investigation into the suspect but made no mention of how the 45-year-old became a suspect. The Customs Office started investigating the Mettmanner and inspectors from the Customs Office are ... Read More »

FBI Hides Method Used to Catch Pedophile in Dark Web

The Federal Bureau of Investigation (FBI) has found itself in the midst of a controversial debate in regards to the agency’s recent decision to charge a man alleged for various pedophiliac activities, including the illicit acquisition of child pornography. Initially, the FBI filed a lawsuit against Jay Michaud, a middle school teacher in Vancouver, Washington, for his involvement in darknet ... Read More »

Three Irishmen Jailed For Dark Web Drug Trading, Use of Cash Vital in Crackdown

As previously reported by DeepDotWeb In December, three Irishmen including Richard Sinclair of Coleraine, Stephen Rodgers of Carrickfergus and Kyle Hall of Belfast were charged with several offenses including money laundering, possession of and intent to supply class A drugs and intent to supply and class A drugs. This week, Sinclair and Hall both plead guilty to most of the ... Read More »

DARPA To Fight Against Human Trafficking

On December 28, President of the United States Barack Obama announced that January would be the National Slavery and Human Trafficking Prevention Month. As part of this program, the Defense Advanced Research Projects Agency (DARPA) will be developing next-gen search technologies. This new tech will help law enforcement authorities track down the online violators of the crimes. In a recent ... Read More »

The Legitimacy of the Latest FBI Hack is Still Being Questioned

A hacker known as CyberZeist, for the second time, hacked the Federal Bureau of Investigation and uploaded account information to Pastebin, according to RT. CyberZeist (CZ), in 2011, breached the FBI’s security with a phishing scam. Internet users attributed the hack to Anonymous—and Anonymous claimed credit for it. Like the 2011 occurrence, Anonymous received lots of attention, thanks to the ... Read More »

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Ohio Man Indicted On Child Porn Charges

James Denney, a 30-year-old man from Anderson Township, Ohio was charged with two counts related to child pornography promotion. According to the indictment, the accused knowingly promoted a URL on the dark net containing child pornographic material. He also helped a connected child porn forum user in accessing illegal content of a minor engaging in sexually explicit conduct. Law enforcement ... Read More »