Beginning bull market instead of bear market rally
DJE Kapital AG – To mitigate the consequences of Corona, central banks are pumping enormous amounts of money into the markets. This should allow the economy to gradually recover. In addition, many investors are only marginally invested in shares – reasons for Dr. Ulrich Kaffarnik to assume that a longer lasting upward trend will begin.
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Strike against Darknet markets: 179 drug dealers go behind bars
Chainalysis: Cryptocurrencies as economic engine in Africa
An American woman wanted to hire a contract killer with Bitcoin in the dark expanses of the darkness. But the website turned out to be Scam.
Protected by supposed anonymity, trading sites in the Darknet can cover the entire illegal spectrum from drugs and weapons to contract killing. In the USA, a woman has now been arrested who wanted to use the „services“ of a Darknet website and have her ex-husband killed for 12 Bitcoin.
The incident took place as early as 2016, when the accused allegedly hired a contract killer on the platform and paid Bitcoin for the site, which was worth around $5,000 at the time. However, as the court files show, the website was a scam.
The site was a now defunct site in darknet, pretending to be a legitimate platform and offering a variety of services, including murder, kidnapping and assault in exchange for payments in crypto-currencies. The site was actually a scam, taking users‘ money without performing any of the services offered.
In an exchange of words with operators of the platform, the place and time for the crime were agreed upon. But this was never to happen. The website was blocked until 2016. After the authorities had opened the case in 2019, last week there was an arrest.
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In the public perception crypto currencies like Bitcoin and the Privacy Coins like Monero and Dash, which are probably more suitable for illegal purposes, still enjoy a dubious reputation because of their function in darknet. Only recently, Europol confiscated Bitcoin and other crypto currencies worth 6.5 million US dollars from a Darknet platform.
Bitcoin and Darknet: A sinister alliance
Measured by the total volume of BTCs held by illegal platforms, however, this was only a small blow to organized crime. According to block chain analysts at Chainanalysis, an estimated 800,000 BTCs are in criminal hands. Darknet platforms account for the majority of 516,000 BTC, or over $5.5 billion.
However, the transparency of Bitcoin Blockchain allows the money movements of scams and Darknet marketplaces to be tracked fairly accurately. According to this, criminal transaction flows account for only a small part of total payment traffic. According to Chainalysis, the share of „illegal flows“ is currently 0.28 percent.
According to a study by Chainalysis, the use of Bitcoin and Co. for illegal purposes has increased overall in recent years. According to the study, the money laundering business in particular is still booming. However, since Bitcoin can be assigned to illegal entities, these must first be freed from their traces using a mixer. According to Chainalysis, around half of the money flows through the Binance and Huobi exchanges. A total of over 300,000 addresses in criminal hands are registered on both exchanges.