Crypto Currency

A massive dark web child porn site was brought down by tracing bitcoin

Say it with me: Bitcoin is not anonymous.  Three hundred and thirty-seven alleged members of a massive dark web child pornography website were reminded of that fact last year when they were arrested by a global coalition of law enforcement. According to a Department of Justice press release on Wednesday, the individuals in question were…


Say it with me: Bitcoin is not anonymous. 

Three hundred and thirty-seven alleged members of a massive dark web child pornography website were reminded of that fact last year when they were arrested by a global coalition of law enforcement. According to a Department of Justice press release on Wednesday, the individuals in question were tracked down with the help of blockchain analysis. 

In other words, authorities were able to trace bitcoin payments made to the site in question back to the alleged perpetrators. That’s because, as we can never repeat often enough, contrary to popular belief, bitcoin is onlypseudonymous. 

“The complaint alleges that law enforcement was able to trace payments of bitcoin to the Darknet site by following the flow of funds on the blockchain,” reads the press release. “The virtual currency accounts identified in the complaint were allegedly used by 24 individuals in five countries to fund the website and promote the exploitation of children.”

This website, dubbed “Welcome to Video,” was reportedly a large operation. The DOJ notes that it discovered over 250,000 unique vide

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

What is 3Commas?

If you’ve been around the cryptocurrency space for a while, you may have definitely heard about 3Commas. The name refers to a renowned platform in the cryptocurrency market that offers The post What is 3Commas? appeared first on NFT Evening…

If you’ve been around the cryptocurrency space for a while, you may have definitely heard about 3Commas. The name refers to a renowned platform in the cryptocurrency market that offers
The post What is 3Commas? appeared first on NFT Evening…
Read More

Continue Reading
Crypto Currency

JPMorgan Says Bitcoin Could Hit US$165K by Year-End

JPMorgan has raised its price outlook for Bitcoin, forecasting the cryptocurrency could reach US$165,000 (AU$249,082) by the close of 2025 due to its undervaluation relative to gold. The analysts, led by Nikolaos Panigirtzoglou, noted that Bitcoin’s volatility compared to gold has dropped to a ratio below 2.0…

JPMorgan has raised its price outlook for Bitcoin, forecasting the cryptocurrency could reach US$165,000 (AU$249,082) by the close of 2025 due to its undervaluation relative to gold. The analysts, led by Nikolaos Panigirtzoglou, noted that Bitcoin’s volatility compared to gold has dropped to a ratio below 2.0…
Read More

Continue Reading
Crypto Currency

New York Lawmakers Push Tax on Bitcoin Miners Over Energy Use

New York legislators have unveiled a proposal to introduce a new tax on cryptocurrency mining operations, citing the industry’s high electricity consumption and its impact on household utility bills. Senator Liz Krueger and Assemblymember Anna Kelles introduced Senate Bill S8518, which seeks to levy an excise tax on proof-of-work miners across the state…

New York legislators have unveiled a proposal to introduce a new tax on cryptocurrency mining operations, citing the industry’s high electricity consumption and its impact on household utility bills. Senator Liz Krueger and Assemblymember Anna Kelles introduced Senate Bill S8518, which seeks to levy an excise tax on proof-of-work miners across the state…
Read More

Continue Reading
Crypto Currency

JPMorgan to Let Institutions Use Bitcoin and Ether as Loan Collateral, Marking Major Wall Street Shift

JPMorgan is warming up to crypto. The company plans to let institutional clients use their Bitcoin and Ethereum as collateral for loans. That would be a big deal on its own, but it’s especially notable considering what CEO Jamie Dimon has said in the past. He once compared Bitcoin to a “pet rock”…

JPMorgan is warming up to crypto. The company plans to let institutional clients use their Bitcoin and Ethereum as collateral for loans. That would be a big deal on its own, but it’s especially notable considering what CEO Jamie Dimon has said in the past. He once compared Bitcoin to a “pet rock”…
Read More

Continue Reading