Report: Bitcoin Use on Darknet Markets Doubled in 2018

Report: Bitcoin Use on Darknet Marketplaces Doubled Throughout 2018Bitcoin use on darknet markets (DNMs) doubled in 2018, a study has shown, rising to an average of $2 million per day. Bitcoin has long been used to buy goods on the darknet due to its relative anonymity, and looks set to remain a favorite on DNMs, despite the existence of more privacy-focused cryptocurrencies. Also […]

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Taiwan: Bitcoin Traders Ran $51 Million Crypto Scam, Prosecutors Say

Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The alleged scammers were charged with multiple violations of Taiwanese banking and business laws. The group of seven were arrested

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Facebook May Be Slapped with ‘Record-Setting’ FTC Fine for Data Breach Scandal

The US Federal Trade Commission is considering slapping Facebook with a “record-setting” fine for its epic data-breach scandal. The social media monopoly is accused of violating user privacy by selling their personal data to third parties without their consent — for years. Three people familiar with internal FTC discussions told the Washington Post the agency is considering imposing

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Plunging Consumer Sentiment is Proof Shutdown Will Wipe Out Dow’s Gains

New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for so long, and falling consumer sentiment is a key indicator of an economic downturn. Ongoing Government Shutdown Will Affect the US Stock Market Consumer sentiment is

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How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that the coins are probably tossed accidentally.” Coinstar to Sell Bitcoin for Pocket Change at US Grocery Stores

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Watching the Pennies Excessively? Pound Falls from Two-Month High as UK Retail Sales Disappoint

The British pound fell from its two-month high early Friday as fears of a no-deal exit from the European Union rescinded. After hitting the $1.3000 mark on Thursday, the sterling pound is now trading around the $1.2940 level. While the sterling had hovered above the $1.2965 mark since the New York close, the decline accelerated

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Bitcoin and Market-Related Headlines Dominated Crypto News Coverage in 2018

Bitcoin and Market-Related Headlines Dominated Crypto News Coverage in 20182018 was a crazy year for cryptocurrency enthusiasts as markets dropped significantly in value, but there were still plenty of sensational headlines to capture attention in a period when digital currency news coverage changed drastically. According to statistics from Cryptocompare and alternative research from other sources, media crypto narratives have evolved rapidly. Also read: Openbazaar’s New […]

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Analyst: Bitcoin Price Must Get Above $3,700 in Order for Crypto Markets to Surge

Although this week was off to a volatile start, as the days went on Bitcoin began finding increased stability in the $3,600 region. This stability has led to a bout of sideways trading for the entire crypto markets, which have drifted down slightly today. Now, one prominent crypto analyst believes that Bitcoin needs to trade

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Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year

Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone

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