Silk Road, the infamous darknet marketplace known for selling illegal drugs and weapons back in the day is back in the news again amid Bitcoin’s bullish burst. US law enforcement authorities have managed to make their largest cryptocurrency bust after confiscating $1 billion worth of Bitcoin associated with the Silkroad. U.S. Attorney David Anderson of
Bitcoin [BTC] rose to popularity in its early days mainly attributing to its use on the silk road. The anonymous currency was perceived as the choice exchange for conducting illicit activities. However, the KYC and AML laws, along with strict surveillance, have reduced its use in illegal activities considerably. So much so, that recent analyses
In mid-August, a Redditor named “sick_silk” took the world by surprise when he posted that a dormant wallet containing 111,114.62 $BTC / $ BCH had got active indicating that the wallet belonged to the Dark Web drug’s marketplace SilkRoad. But now it turns out that there is no SilkRoad involvement. In the latest development regarding
The last couple of weeks Bitcoin price are slowly and steadily moving up. While many believe its happening due to the news built-up around Bitcoin ETF, according to Redditor “sick_silk”, it could be because of a huge movement of Bitcoins and its forks from the wallets that were inactive for almost 4 years carrying USD
In a recent transaction data, a popular darknet site Silk Road which sells drugs online seems to have moved USD 1 billion worth bitcoin from its cold wallet. In its early years, Bitcoin was known as the currency of the Darknet. People used it for all sought of activities taking full advantage of its anonymity. But
With the rise in the value of bitcoin, the darknet markets (DNM) have also increased but these early adopters of bitcoin are having issues in cashing out their cryptocurrency into fiat. Darknet markets vendors not able to cash out The darknet markets (DNM) are still very much present though they are not in clear sight.