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Tag Archives: 20

Bitcoin news roundup, August 20, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Rogue Silk Road agent admits he stole another 1,600 BTC after guilty plea Shaun Bridges, a rogue Secret Service agent who plead guilty to obstruction of justice and money laundering while investigating Silk Road, after stealing over $800,000 worth of Bitcoin, recently plead guilty to stealing another 1,600 BTC ... Read More »

Bitcoin news roundup, May 20, 2017

This week’s summary of various cryptocurrency news and developments: New developments: WannaCry ransomware campaign netted hackers nearly $100,000 in bitcoin A massive global ransomware campaign using a strain known as WannaCry, carried out by an unknown author, recently hit organizations in nearly 100 countries using an NSA exploit and demanded a bitcoin ransom in return for the victims’ files back. ... Read More »

Former Silk Road 2.0 Buyer Sentenced to Prison

On March 13, acting U.S. Attorney Andrew Birge announced that Chief U.S. District Judge Robert J. Jonker sentenced a Michigan man to prison for conspiracy to distribute controlled substances. Michael Carlton Paiva, the defendant, bought significant quantities of drugs from vendors on the Silk Road 2.0. The feds watched him until 2017 when they gathered enough evidence to send Paiva ... Read More »

US Silk Road 2.0 Reseller Sentenced To Prison

Michael Carlton Paiva, a 30-year-old man from Norton Shores, was sentenced to prison for ordering various substances from the dark net and reselling them to his customers locally. The suspect was arrested as part of an international law enforcement operation. Operation Onymous, a joint police action between the Federal Bureau of Investigation, Europol, and local authorities, resulted in the bust ... Read More »

Tax Records of American Citizens Sold on Darknet For $20 in Bitcoin

Tax scams are on the rise again as the tax season is approaching. Hackers and scammers are using sophisticated tools and complex software to steal sensitive financial and personal information to file fraudulent tax returns. There exists two main phases in a tax scam: acquisition of necessary financial and personal information and utilizing data sets to request for tax refunds. ... Read More »

Anonymous Hacks Freedom Hosting II, Bringing Down Almost 20% of Active Darknet Sites

A researcher known as @Deku_shrub, after he found a Reddit post mentioning an oddity, verified that an entity hacked Freedom Hosting II, one of the largest hosting platforms for hidden services. In 2013, the FBI indicted the creator and owner of the original Freedom Hosting, Eric Eoin Marques for hosting child pornography. Marques, a 31-year-old man from Dublin, fought against ... Read More »

Third Co-Admin of the Child Pornography Site “PlayPen” Sentenced to 20 Years in Prison

Michael Fluckiger, known as “Administrator 2” in the administration of the child pornography site PlayPen, pleaded guilty to his crimes in December 2015. In early January, a judge sentenced the man to 20 years in prison for engaging in a child exploitation enterprise. The Indiana man, after being arrested in April 2015, pleaded not guilty to sexual exploitation and other ... Read More »

Ex-UKIP Member Faces Upto 20 Years in Prison For Wire Fraud

In August of 2016, DeepDotWeb reported the UK Independence Party (UKIP) and the European Parliament member Nigel Farage’s aide’s arrest in the midst of boarding a flight to Britain. During that time, former UKIP aide George Cottrell was charged with 21 offences, including money laundering and blackmail. This week, Cottrell plead guilty to wire fraud, settling an agreement with the ... Read More »

Investors See Bitcoin as Gold 2.0 Amid Global Market Instability

Over the past few years, bitcoin solidated its title as “the global currency” by outperforming reserve currencies and assets worldwide. The rising value of bitcoin and its decentralized nature have led high profile investors and traders to consider bitcoin as a safe asset. Upon the election of Donald Trump, the price of bitcoin immediately surged amid global market instability. Australian ... Read More »

Biometric Security Growing : 20% Smartphones Unlocked With Fingerprint

A recent study conducted by Deloitte highlights the usage of biometric security in the UK’s smartphone users. In Deloitte’s sixth annual There’s no place like phone study, numerous notable digital trends and growths were unveiled. Although 81% of the population have smartphones, only 27% have digital fingerprint sensors, of which 76% are used. Smartphone usage had been rapidly expanding over ... Read More »

OpenBazaar 2.0 To Run On The Tor Network

In the upcoming version 2.0, OpenBazaar will be able to connect over the Tor network. For the privacy conscious, lack of Tor support is one of the major drawbacks to the OpenBazaar protocol. Brian Hoffman, the CEO of OpenBazaar, enthusiastically confirmed that a OpenBazaar will be running on Tor. A back end developer, Chris Pacia, was the first to successfully ... Read More »

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Bitcoin Price Analysis 20 September 2016

This week, the price of bitcoin was on a hungover from the $40 surprise sell off from last week, 11 September. Price retraced from the low $594 bottom, and traded sideways within the $595 – $610 range. Bitcoin did not make the headlines this week, as much of the news comprised alternative blockchains. The dominant trend as seen above has ... Read More »

Liberty Reserve Founder Sentenced To 20 Years In Prison

Arthur Budovsky (42), the creator of Liberty Reserve, a virtual currency before Bitcoin got into the game, was sentenced to 20 years in federal prison. According to the US government, the whole project of Budovsky was a $6 billion money-laundering operation. For 7 years, starting in 2006, anyone could use Liberty Reserve’s website to transfer money with just little oversight. ... Read More »

‘DoctorClu’ Pleads Guilty In Silk Road 2.0 Case

Earlier this month on March 11, a plea was entered into the District Court for the Western District of Washington where Brian Farrell admitted to being DoctorClu, one of the “key players” in Silk Road 2.0. With this admission, Farrell pleaded guilty to Conspiracy To Distribute Heroin, Methamphetamine, and Cocaine. He was charged with this because of his position on ... Read More »

Bitcoin News Roundup – 20 Dec. 2015

Recapping the week’s biggest Bitcoins stories from around the web. IBM, Wells Fargo and LSE are enticed by the blockchain. As Matthew Leising and Jing Cao of Bloomberg report, finance and technology leaders are backing the blockchain as a means to simplify the recorded transactions. The innovative group works closely with the Linux Foundation, aiming to create a public block-based ... Read More »