2019-8-28 05:30 |
Five drug dealers who used cryptocurrencies to launder their funds were sentenced to varying jail terms on Monday.
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A man from the small town of Westwood in California has pleaded guilty to running an unlicensed Bitcoin exchange and ATM, and laundering money. Kunal Kalra, 25 has been found guilty of owning and operating unlicensed money transmitting business which he used to exchange up to $25 million in cash and virtual currencies.
2019-8-26 12:33 | |
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The U. S. Food and Drug Administration (FDA) has recently announced that it may use blockchain technology in the future. According to the organization, this technology could be used to improve medical product reviews and recalls.
2019-8-24 22:21 | |
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US authorities have expressed a negative perception of a cryptocurrency over the last few months, and the country has since operated with policies designed to keep the crypto industry in check. Many crypto-related businesses and exchange have withdrawn their business from the US as a result of the hostile environment. Two advisories pertaining to drug […]
2019-8-23 19:33 | |
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The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market.
2019-8-23 16:00 | |
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The US government has released a series of advisory notes, one of which specifically looks at the role played by cryptocurrencies in the buying and selling of illegal substances such as fentanyl.
2019-8-22 14:20 | |
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A drug dealer ordered to forfeit millions of dollars in cryptocurrencies such as Bitcoin, Ethereum, and Monero, has been sentenced to 70 months in prison for distributing drugs including carfentanil and fentanyl.
2019-8-20 16:24 | |
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Irish man Gary Davis, also known as “Libertas,” has been sentenced to 78 months in prison for helping to run the now defunct Silk Road website on the dark web. The Irish national, who was extradited to the US in July last year, was arrested in January 2014.
2019-7-26 17:35 | |
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U.S. Treasury Secretary Steven Mnuchin believes cryptocurrency transactions may pose certain risks to the financial system as they could potentially be used fund illicit activities such as money laundering and drug trafficking. Mnuchin’s recent comments...
2019-7-25 12:35 | |
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A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used […] The post JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War appeared first on Bitcoin News.
2019-7-11 11:30 | |
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While there are many advantages and benefits that cryptocurrency has brought the world there are a number of downsides and one of these is the use of cryptocurrency for the purposes of committing crime.
2019-6-28 23:53 | |
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Another suspected dark web drug dealer is about to stand trail because he wrongly believed Bitcoin transactions were entirely anonymous. This has prompted the US Attorney for the Northern District of Texas, Erin Nealy Cox, to issue a warning for all those attempting to deal drugs online using Bitcoin.
2019-5-30 00:00 | |
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Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.
2019-5-8 18:42 | |
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Two Israeli citizens have been apprehended by law enforcement based on suspicions that they developed and ran a darknet marketplace for dealing illegal goods. The Israeli police announced via Twitter that it has collaborated with the United States Federal Bureau of Investigation (FBI) to arrest two locals who they believe managed the dark web marketplace, which used bitcoin to facilitate trades.
2019-5-8 18:42 | |
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Members of a Bitcoin-fueled drug ring that used the dark web to import crystal meth into the UK have been sentenced to more than 30 years behind bars. Most drugs were imported from Canada in a popular comparison website’s freebie toys.
2019-4-26 15:26 | |
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Bitcoin is the reigning champion of cryptocurrency criminals. That’s the conclusion of blockchain analysis firm Chainalysis, which discovered that bitcoin is used in 95% of crypto crimes. This finding isn’t surprising since bitcoin is by far the most popular and widely used of the 2,000 digital currencies around today.
2019-4-26 19:12 | |
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Two Australian businessmen who ran a business related to Bitcoin ATMs have been arrested for importing drugs into the country
2019-4-22 19:37 | |
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As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281. 41 bitcoin (worth about $1. 4 million) after it was found that he used the cryptocurrency to fund his illegal activities.
2019-4-5 20:02 | |
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It’s well known that Bitcoin (BTC) was and still is widely used on the dark web for buying and… The post This Drug Dealer Has To Pay $1.9M in BTC For Possessing Drugs and Attempting To Import a Handgun appeared first on Invest In Blockchain.
2019-4-5 23:28 | |
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A Toronto judge has ruled that a 30-year old drug dealer must forfeit 281.41 bitcoins used in illegal activities on the dark web.
2019-4-5 22:35 | |
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A Canadian judge has ordered the forfeiture of approximately $1. 4 million in Bitcoin found on a drug dealer’s computer as part of a criminal investigation. On Wednesday, Superior Court Justice Jane Kelly ordered that 281.
2019-4-4 11:48 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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Canadian authorities have reportedly seized 288 BTC from a suspected drug dealer. Matthew Phan, a university dropout, is lobbying for access to at least half of his bitcoin holdings, claiming that not all of the seized bitcoin was used in illegal activities.
2019-2-19 14:00 | |
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Blockchain is set to be used for traceability and quality assurance by the Food and Drug Administration of the Chinese Chongqing Yuzhong District
2019-2-2 13:12 | |
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A bill to begin a study into how cryptocurrencies and the general online marketplace can be used in the proliferation of sex and drug trafficking has been passed by the United States House of Representatives.
2019-1-30 02:58 | |
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The United States House of Representatives has passed a bill to commission a study into how crypto and online marketplaces can be used to facilitate sex and drug trafficking
2019-1-30 22:58 | |
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According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies. Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even set up their website to facilitate the trade of drugs.
2018-12-26 20:00 | |
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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.
2018-10-24 19:38 | |
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Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.
2018-10-13 23:34 | |
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Nouriel Roubini, an economist best known for his predictions of the 2008 housing bubble, and Peter Van Valkenburgh, Coin Center’s director of research, testified before the U.
2018-10-12 18:06 | |
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On the most recent episode of The Tatiana Show, host Tatiana Moroz opened with an interview with Lyn Ulbricht, leader of the Free Ross campaign, to deliver some recent updates with the struggle to petition the carceral state for his clemency.
2018-10-4 20:31 | |
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If 90 percent of Bitcoin’s applications used to be tied to illegal activities in 2013, today, the cryptocurrency is being used for legal financial speculation in 90 percent of cases. Bitcoin and illegality are found in association only 10 percent of the time currently.
2018-10-3 09:00 | |
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A growing number of start-ups and larger companies have begun to experiment with blockchain’s utility for solving public health crises — like the opioid epidemic in the United States. Cryptocurrencies have had a testy relationship with some law enforcement figures in the United States, who see popular forms like Bitcoin as a scapegoat for an ongoing opioid crisis.
2018-9-8 23:00 | |
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Critics have always warned anyone willing to listen that cryptocurrency could be used for illegal activities. Thanks to the US Drug Enforcement Administration (DEA) data, the public now has an idea just how much of Bitcoin’s transactions are connected to criminal activity.
2018-8-10 23:00 | |
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The U. S. Drug Enforcement Administration (DEA) has found that cryptocurrency use is now dominated by Bitcoin speculators, and the ratio of legal to illegal activity surrounding Bitcoin has reversed.
2018-8-10 22:51 | |
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Since Bitcoin’s inception, many crypto aficionados have worked to dissociate their favorite digital coin from the notion that it may be used for illegal activity, and new data from the U. S. Drug Enforcement Administration (DEA) is proving that criminal activity in the space is massively shrinking.
2018-8-8 18:00 | |
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Recently, Lilita Infante of the U.S. Drug Enforcement Administration [DEA] made a statement regarding the relation between Bitcoin and illegal activities. She stated that the transaction volume of Bitcoin used for illegal or criminal activities has increased since 2013, but the ratio of its usage in criminal activities has come down to 10% from an […]
2018-8-8 09:37 | |
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It is rare to see a large government agency speak kindly about Bitcoin, yet today for the first time (ever, I think), the United States Drug Enforcement Administration (DEA) have spoken out about Bitcoin stating that now, within the DEA’s remit, instances of Bitcoin being used within criminal activity have dropped.
2018-8-7 23:00 | |
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While in 2013 some 90% of bitcoin transactions were utilized for criminal activity, now that has dropped to just 10% according to analysis by Lilita Infante, a U. S. Drug Enforcement Administration.
2018-8-7 17:50 | |
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When discussing cryptocurrency with friends and associates, I often hear a familiar refrain. “Isn’t Bitcoin used by criminals?” The short answer is yes – everything with any value is used by criminals, whether it’s art, money, jewelry, or more.
2018-7-31 21:24 | |
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The Chinese government is analyzing urine and feces from sewage as part of a sweeping national crackdown on illegal drug use. China isn’t the first country to sift through sewage in order to collect data on illegal drug use, but as far as we know it’s the first to implement the technique in actual law enforcement situations — a move which prompts a litany of privacy and citizen safety concerns.
2018-7-16 21:10 | |
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The cryptocurrency was used within the financial structure of illegal drug trade in 23 constituent units of the Russian Federation, a new report shows.
2018-7-3 13:25 | |
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This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
2018-6-30 20:56 | |
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The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
2018-6-27 20:26 | |
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The DarkMarket site was thought to be the world's largest illegal online marketplace.