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News Updates

Chronicled Introduces Ethrereum Blockchain-Based IoT Delivery Drone

Chronicled has introduced an Ethereum blockchain-based Internet of Things technology that allows delivery drones to interact with bluetooth devices for in-home delivery. The startup previously raised US$3.4 million earlier this year to bring prevent the illicit distribution of counterfeit sneakers through the usage of blockchain. Over time, the firm pivoted to IoT after recognizing massive potential in the industry and ... Read More »

Tor And Mozilla Working Together For More Protection Against Malware

The Tor browser’s primary function is to provide users with high level of protection and anonymity when they browse the internet. Lately, law enforcement authorities were carrying out attacks on individuals instead of the network itself by hacking their computers or the end points. This lead to the authorities learning the users’ IP addresses. Now, Tor Project’s and Mozilla’s team ... Read More »

Irish Dark Net Drug Dealer Requests Shorter Sentence for His Cooperation

Neil Mannion, the mastermind who ran an international drug business on the dark net was sentenced to six-and-a-half years. His Partner, Richard O’ Connor received a three-year sentence. Mannion, of Mount Drummond Avenue in Dublin, Ireland is now requesting for a shorter sentence due to the fact that he worked with law enforcement, and helped them learn about how criminals ... Read More »

Coen Brothers to write Dark Web, a Ross Ulbricht-focused thriller

From the team that brought you The Big Lebowski, True Grit, Fargo, and Bridge of Spies comes…a biopic about enigmatic Silk Road founder, Ross Ulbricht! Fox has tapped the Coen Brothers to pen a Silk Road-inspired feature, titled Dark Web, according to The Hollywood Reporter. The distinguished fraternal writing duo’s efforts will be based on a brilliant Wired magazine article ... Read More »

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German Police Call the Deepweb an Interface for Terrorism, Promise to Crackdown Harder

Following an organized crime study, Holger Münch, president of Germany’s federal police (BKA), revealed how the deepweb changed the playing field. The data presented by Münch highlighted how the deepweb has been an interface for terrorism. Similar to Münch’s statement after the Munich shooting, the BKA president vowed to increase action against illegal internet activity. Münch said “We [the BKA] ... Read More »

Bitcoin news roundup, 23nd October 2016

This week’s summary of various cryptocurrency news and developments New developments: Bitfinex is trying to “discuss an arrangement” with the hacker that stole roughly 120.000 BTC Bitfinex was the victim of an attack earlier this year, an attack in which roughly $65 million worth of bitcoin were stolen, and that led to a very controversial way of the exchange to ... Read More »

8 Million Blockchain.info Left Unaccessible; DNS Hijack

The bitcoin community’s most widely used wallet platform Blockchain fell victim to a Domain Name System (DNS) hijack, which allowed attackers to compromise the platform’s DNS registrar and forced the Blockchain development team to shut down the entire website for a substantial period of time. Users of all 8 million bitcoin wallet accounts on the Blockchain platform were unable to ... Read More »

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German Special Forces Arrest Darknet Amphetamine Vendor

On October 14, 2016, German Special forces prepared for an early morning raid. Law enforcement followed a “drug trail” that led directly to a house in Dinslaken. An initial investigation revealed the house’s resident was a darknet vendor. According to a spokesman from the prosecutor’s office, Special Task Force had been called in based on a potential firearm threat. Investigators ... Read More »

UK Introduces a Money Laundering Bill Allowing Them to Seize Finances

On October 13, UK government introduced the Criminal Finances BIll. The bill was introduced in an effort to counter money laundering and corruption. London has been known to be a haven for dirty money. Government officials claimed the new powers granted by the legislation will change criminal activity in the UK. Security Minister Ben Wallace said: “The UK is one ... Read More »

Chemical Love Vendors Formally Charged for Drug Trafficking

Nearly half a year after the arrests of the individuals behind the “Chemical Love” marketplace, charges have been formally filed. On April, 2016, German police raided the basement of what was considered the Chemical Love headquarters. Massive quantities of drugs were seized. Police announced the arrest of five individuals as a result of the raid. In early October, the prosecutor’s ... Read More »

Digital Asset Holdings & Nasdaq Executive File Blockchain Patents

Nasdaq’s senior vice president of enterprise architecture Tom Fay and former JP Morgan executive’s Digital Asset Holdings have both filed for blockchain patents for the settlement of transactions and assets. The application filed by the Nasdaq executive focused on the methods of recording transactions on a blockchain network. In theory, Nasdaq’s patent entails a private blockchain network, with which the ... Read More »

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Two German Men Sentenced for Selling Counterfeit Euros on the Deepweb

In early 2016, Bavarian police received information on a currency counterfeiting operation in Geisenhausen. A thorough investigation ensued. The counterfeiting “workshop” was discovered in a garage owned by two German men: a 22-year-old and a 24-year-old. After the investigation, both men were arrested and remained in custody until the court date on October 12, 2016. The majority of the details ... Read More »

Romania Extradites Deepweb Vendor to Face US Drug Charges

Romania extradited another suspect indicted in the Italian Mafia Brussels (IMB) case: Filip Lucian Simion. According to the DoJ, Simion has been charged with several counts of distribution of controlled substances by means of the Internet. IMB was shut down in May after an international investigation. A total of 10 suspects were arrested in Belgium and surrounding areas. One suspect, ... Read More »

Blockchain Technology May Be Borrowed By DARPA To Secure Military Networks

Blockchain, the technology that underlies digital cryptocurrencies such as Bitcoin, has acquired a different identity. According to Steve Norton’s article “CIO Explainer: What Is Blockchain?” published in the Wall Street Journal, he explains how the technology is emerging as an alternative way for companies to instantaneously make and verify their network transactions. A considerable number of firms are experimenting with ... Read More »