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Cryptomarkets

Darknet Market (cryptomarket)

Darknet Market (cryptomarket)

What is the 'Darknet Market (Cryptomarket)' Darknet markets, or cryptomarkets, are dark web sites with goods for sale. Although some products for sale are legal, illicit goods such as drugs, stolen information and weapons are common items in these markets. The transaction in darknet markets are anonymized. The markets are accessible via the Tor network or other browsers that protect the users identity and location. Transactions take place via Bitcoin using dark wallets to protect the seller and buyer. The payment is held in escrow by the site operator to discourage scammers. The only exposed link in the chain is the actual shipping of the goods through the postal system. To reduce the risk, darknet market customers may rent a post box or use an address they dont own but can access. BREAKING DOWN 'Darknet Market (Cryptomarket)' Darknet markets' mainstayis the sale of illegal drugs. The Economist reported that between $150 and $180 million worth of drugs was sold through darknet markets in 2015. These online marketplaces have user review systems similar to e-commerce sites like eBay and Amazon. Sellers who deliver the goods as promised receive higher ratings and are rewarded with a better reputation over time. Darknet markets provide resources for sellers and buyers on how to get the products through the mail, including what supplies are needed to disguise shipments and techniques to foil detection. In addition to drugs, which includes prescription pharmaceuticals as well as illegal drugs, darknet markets offer a wide range of products and services. Some markets refuse to sell weapons or poisons, but many list stolen information, illegal services like hacking for hire, pornographic content, and more. Some of the listings and even entire marketplaces are scams, aimed at s Continue reading >>

Daily Cryptocurrency Tracker 27.3.18: Bitcoin Dips Below $8,000

Daily Cryptocurrency Tracker 27.3.18: Bitcoin Dips Below $8,000

eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10. eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263. Past performance is not an indication of future results. General Risk Disclosure | Terms & Conditions CFDs are leveraged products and are considered to be speculative and complex products. Trading in CFDs related to foreign exchange, commodities,indices and other underlying variables, carries a high level of risk and can result in the loss of all of your investment. They are difficult to understand and are appropriate only for experienced investors. You should not invest money that you cannot afford to lose. You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Cryptocurrencies markets are unregulated services which are not governed by any specific European regulatory framework (including MiFID). Therefore when using our Cryptocurrencies Trading Service you will not benefit from the protections available to clients receiving MiFID regulated investment services, such as access to the Cyprus Investor Compensation Fund (ICF)/the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. Trading with eToro by following and/or Continue reading >>

Crypto Markets | Wilkins Finance Online Trading

Crypto Markets | Wilkins Finance Online Trading

The world that we live in is constantly evolving with new innovations and technologies that have a profound effect on our lives. One such recent innovation that is currently driving changes in the financial world is the emergence of cryptocurrencies. Said to be the next big thing in the Fintech industry, cryptocurrencies are digital or virtual currencies that use the techniques of cryptography to enhance the security and privacy of online transactions. But the defining feature of cryptocurrencies is the fact that they are all decentralized.This means that there is no central body or governing body that regulates the use and pricing of these cryptocurrencies. Instead, the value of the cryptocurrency is entirely decided by the market participants. There are many reasons why cryptocurrencies will become part and parcel of daily lives in the new digital globalized economy. The blockchain technology which forms the foundation of cryptocurrencies will help to make online transactions cheaper and more efficient, hence leading to a more energized economy. This improvement in efficiency will no doubt provide the incentive for companies to improve their services. The inefficiencies of traditional payment methods will no doubt force payment processors such as banks and credit card companies to either adopt this new technology or run the risk of becoming an obsolete institution in the new world economy. Over the past few years since Bitcoin was first introduced to the world, interest in cryptocurrencies has been growing. The most well-known and frequently traded cryptocurrency is Bitcoin. When Bitcoin was first introduced to the world in 2008, it drew a mixed reaction. Nevertheless, over the years, Bitcoin has become the poster child of cryptocurrencies, with its value exceeding t Continue reading >>

3 (possible) Reasons The Crypto Markets Tanked This Week

3 (possible) Reasons The Crypto Markets Tanked This Week

3 (Possible) Reasons the Crypto Markets Tanked This Week Jan 18, 2018 at 00:00 UTC|UpdatedJan 18, 2018 at 14:14 UTC This week's cryptocurrency market crash erased paper fortunes and likely churned a few stomachs belonging to new investors who had been piling into the space. While the market has been in a frenzy over the past few months - with the majority of coins reaching all-time-highs while the market caps of cryptocurrencies with little technical development (Dogecoin) and niche business opportunity (Dentacoin) surged past $1 billion in network value - starting Tuesday morning, it began shedding weight. Lots and lots of it, in fact. Most of the major cryptocurrencies saw double-digit drops continuing until Wednesday. The two most popular cryptocurrencies (and the two largest by market cap), bitcoin and ethereum, dipped below the psychological price levels surpassed last year - $10,000 and $1,000, respectively. And XRP, the native cryptocurrency of enterprise blockchain startup Ripple Inc., lost nearly 50 percent of its value on Tuesday, after a month-long bull run that made the coin a retail investor darling and the apple of a startup's eye. As always, crypto-enthusiasts took to social media to restate their HODL-ing patterns and declare that this, in fact, is a great time to buy. But others, who haven't held on through the ups and downs of the last four-plus years, and might even have been some of the reason (i.e., panic selling) the markets tanked so hard, might be wondering what just happened. And as the markets begin to regain some of their position going into Wednesday night, it's hard to pinpoint anything specific, but there's a confluence of events surmised to have driven the couple days of red. By far, the most prevalent explanation is that harsh stances by Continue reading >>

Darknet Market - Wikipedia

Darknet Market - Wikipedia

A darknet market or cryptomarket [1] is a commercial website on the web that operates via darknets such as Tor or I2P . [2] [3] They function primarily as black markets , selling or brokering transactions involving drugs , cyber-arms , [4] weapons , counterfeit currency , stolen credit card details , [5] forged documents , unlicensed pharmaceuticals , [6] steroids , [7] and other illicit goods as well as the sale of legal products. [8] In December 2014, a study by Gareth Owen from the University of Portsmouth suggested the second most popular sites on Tor were darknet markets. [9] Following on from the model developed by Silk Road , contemporary markets are characterised by their use of darknet anonymised access (typically Tor ), bitcoin payment with escrow services, and eBay -like vendor feedback systems . [10] Vendor product breakdown 3 June 2015 [11] Though e-commerce on the dark web only started around 2006, illicit goods were among the first items to be transacted using the internet , when in the early 1970s students at Stanford University and Massachusetts Institute of Technology used what was then called the ARPANET to coordinate the purchase of cannabis . [12] By the end of the 1980s, newsgroups like alt.drugs would become online centres of drug discussion and information; however, any related deals were arranged entirely off-site directly between individuals. [13] With the development and popularization of the World Wide Web and e-commerce in the 1990s, the tools to discuss or conduct illicit transactions became more widely available. One of the better-known web-based drug forums, The Hive , launched in 1997, serving as an information sharing forum for practical drug synthesis and legal discussion. The Hive was featured in a Dateline NBC special called The "X" Continue reading >>

Winklevoss Twins Unveil Proposal For Self-regulation Of Crypto Markets

Winklevoss Twins Unveil Proposal For Self-regulation Of Crypto Markets

Winklevoss Twins Unveil Proposal for Self-Regulation of Crypto Markets By Rakesh Sharma | Updated March 21, 2018 6:15 AM EDT Can self-regulatoryorganizations (SROs) provide a solution to the regulation problem in cryptocurrency markets? Tyler and Cameron Winklevoss, who own crypto-trading exchange Gemini, think they might and recently unveiled a proposal for a Virtual Commodity Association, a self-regulatory organization for cryptocurrency markets that promotes price discovery, efficiency, and transparency through adoption of industry standards. (See also: All about Gemini, the Winklevoss Bitcoin Exchange .) Among other things, it aims to introduce information sharing, rules-based markets, and surveillance systems to an industry whose workings are largely hidden from public and government scrutiny. (See also: Should Cryptocurrency Exchanges Self-Regulate? ) Their proposal has received a cautious welcome from members of crypto markets. The (cryptocurrency) industry suffers from a lack of transparency, sometimes ethics, and, to a large extent, clearly-defined rules that participants can follow, says Rob Viglione, founder of Zen Cash , a cryptocurrency. The combination of an opaque technology and a free-for-all ecosystem has drawn harsh reactions and extreme statements from economists and government regulators. According to Viglione, there is a danger that government regulatory scales might tip too far as a reaction to egregious behavior by cryptocurrency exchanges. The introductionof rules could result in a couple of tangible benefits for SROs. For example, minimum capital requirements and audits could help prevent bankruptcy and build trust. Most cryptocurrencies exchange with fiat currencies and Tether, a coin that trades at parity with the U.S. dollar and claims to ha Continue reading >>

Bitcoin And Crypto Markets Continue Their Slidebut Why?!

Bitcoin And Crypto Markets Continue Their Slidebut Why?!

Bitcoin and Crypto Markets Continue Their SlideBut Why?! JakeTheCryptoKing March 16, 2018 11:00 am Last week was a miserable week for Bitcoin and crypto investors as the markets continued to shed their market cap. This week the bears have continued to win the battle against the bulls pushing the price of BTC and most altcoins further South. Questions remain unanswered, what is causing the drop in the markets? And are positive signs on the horizon? The bulls were stampeding in the final months of 2017. The month of December saw Bitcoin approach $20,000. The following month of January saw a correction of epic proportions concluding in February when BTC dipped under $6,000. This was a percentage decrease of over 70% from BTCs December highs to their February lows. The bears seemed to have taken full control of the market back from the bulls. February through the beginning of March saw the bulls build some momentum with BTC building significant steam following the Chinese New Year. This was a short-lived rebound with BTC going from its February lows of under $6,000 to a March 5, 2018, high of $11,600. By March 9, 2018, Bitcoin was back to under $8,400 and it seemed the bears had regained full control. Today, March 15, 2018, BTC resides at a price of $8,200, only slightly lower than where it was exactly a week ago. The most important questions to ask are: What events are currently impacting Bitcoin and where is it likely to go in value from here? Events Negatively Impacting Bitcoin Prices The last ten days have been filled with multiple negative news events that continue to drive down the value of BTC in the short term. Much of this negative sentiment is caused unnecessarily by the light in which articles are written. Other events are indeed negative, dramatically shifting Continue reading >>

Cryptomarkets And The Future Of Illicit Drug Markets

Cryptomarkets And The Future Of Illicit Drug Markets

Cryptomarkets And The Future Of Illicit Drug Markets Aldridge, Judith & David Dcary-Htu. (2016). "Cryptomarkets And The Future Of Illicit Drug Markets." DANS EMCDDA.(ds.) TheInternet And Drug Markets. Luxembourg: Publications Office of the European Union. A cryptomarket is an online marketplace platform bringing together multiple vendors listing mostly illegal and illicit goods and services for sale. Cryptomarkets share the same look and feel established by clearweb marketplaces like eBay and Amazon and allow their customers to search and compare products and vendors. What differentiates these markets from established clearweb marketplaces however is their anonymous aspect.Although the academic research literature on cryptomarkets is growing (e.g. Barratt 2012, Barratt, Lenton et al. 2013, Martin 2013, Van Hout and Bingham 2013, Van Hout and Bingham 2013, Aldridge and Dcary-Htu 2014, Barratt, Ferris et al. 2014, Martin 2014, Phelps and Watt 2014, Van Hout and Bingham 2014, Buxton and Bingham 2015, Dolliver 2015, Decary-Hetu, Paquet-Clouston et al. in preparation), our understanding of these marketplaces has been shaped in no small part by journalists (e.g. Bartlett 2014, Greenberg 2015), bloggers (e.g. Ormsby 2014) and other independent researchers (e.g. Branwen 2015). Through a combination of these efforts we are able here to piece together evidence and conjecture of the implications of cryptomarketsfor global and local drug markets.We begin by sketching a brief history of these markets and the technologies that gave rise to them. We chart the growth of the first cryptomarket, Silk Road, its demise, and the proliferation since of marketplaces in spite of law enforcement activities. We show that, in spite of the growth and popularity of these markets, their longevity t Continue reading >>

Hidden Wholesale: The Drug Diffusing Capacity Of Online Drug Cryptomarkets - Sciencedirect

Hidden Wholesale: The Drug Diffusing Capacity Of Online Drug Cryptomarkets - Sciencedirect

Hidden wholesale: The drug diffusing capacity of online drug cryptomarkets Author links open overlay panel JudithAldridgea In spite of globalizing processes offline retail drug markets remain localized and in recent decades typically closed, in which dealers sell primarily to known customers. We characterize drug cryptomarkets as anonymous open marketplaces that allow the diffusion of drugs across locales. Where cryptomarket customers make stock-sourcing purchases for offline distribution, the cryptomarket may indirectly serve drug users who are not themselves cryptomarket customers, thereby increasing the drug diffusing capacity of these marketplaces. Our research aimed to identify wholesale activity on the first major cryptomarket, Silk Road 1. Data were collected 1315 September 2013. A bespoke web crawler downloaded content from the first major drug cryptomarket, Silk Road 1. This generated data on 1031 vendors and 10,927 drug listings. We estimated monthly revenues to ascertain the relative importance of wholesale priced listings. Wholesale-level revenue generation (sales for listings priced over USD $1000.00) accounted for about a quarter of the revenue generation on SR1 overall. Ecstasy-type drugs dominated wholesale activity on this marketplace, but we also identified substantial wholesale transactions for benzodiazepines and prescription stimulants. Less important, but still generating wholesale revenue, were cocaine, methamphetamine and heroin. Although vendors on the marketplace were located in 41 countries, wholesale activity was confined to only a quarter of these, with China, the Netherlands, Canada and Belgium prominent. The cryptomarket may function in part as a virtual broker, linking wholesalers with offline retail-level distributors. For drugs like ec Continue reading >>

G20 Pulls Back From Calls To Regulate Crypto-markets

G20 Pulls Back From Calls To Regulate Crypto-markets

G20 pulls back from calls to regulate crypto-markets G20 finance ministers meeting in Argentina have pulled back from calls to regulate the global crypto-currency markets, instead agreeing to keep a close eye on developments in the sector. The failure to agree decisive steps reflects divisions among G20 members on the correct policy response. While countries such as Germany and France wanted to see tough action taken to protect the public and crack down on criminality, others, such as Brazil, made it clear that they would not follow guidelines laid down by the G20. Agreeing that the risks to financial stability remained distant, the G20 communique merely called on international standards setting bodies to "continue their monitoring of crypto-assets and their risks...and assess multi-lateral responses as needed". Noting that crypto assets raise issues with respect to tax evasion, money laundering and terrorist financing, the G20 committed to implement forthcoming standards from the international financial crime collective the Financial Action Task Force. A data gathering exercise to inform future policy making is also underway, with a July deadline proposed to mull the results. Speaking at a press conference after the meeting, Argentina Central Bank chair Frederico Sturzenegger said: "In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'" Continue reading >>

Crypto Markets Slightly Down After Week Of Growth

Crypto Markets Slightly Down After Week Of Growth

Crypto Markets Slightly Down After Week Of Growth Crypto markets have slightly dropped in 24 hours to press time, but are still in the green over a 7-day period. March 25: cryptocurrency markets have seen a slight decline over 24 hours to press time, but are still in the green over the seven-day period. All top-10 cryptocurrencies listed on Coin360 are in the red over the past 24 hours, with the total market cap sitting at around $330 bln at press time. Bitcoin (BTC) has lost as much as 5 percent of its value, trading at around $8,520, according to Cointelegraphs price index . Ethereum (ETH) is trading at about $519, having lost 3.7 percent over the past 24 hours. Cardano (ADA) and Stellar (XLM) are also down 2.19% and 3.13%, trading at $0.18 and $0.23 respectively. After Bitcoin has managed to approach $9,000 and Ethereum went closer to $600 on March 24 , the crypto markets are fluctuating again. Yesterday, Cointelegraph reported that Nigerias Deposit Insurance Corporation warned the public to stay away from cryptocurrencies, citing the lack of backing by any physical commodity, likely contributing to the renewed downward dynamic. Additionally, it was reported March 23 that Reddit removed the option to pay with Bitcoin for its premium membership program, Reddit Gold, due to the upcoming Coinbase change. However, over the past 7 days the majority of crypto markets are still in the green, with some altcoins growing by as much as 60 percent. Bitcoin and Ethereum are up about 11% and 8% respectively over the past week, with most of the top-10 altcoins displaying similar, or larger growth. EOS is probably the biggest winner this week with a 58% percent increase from March 18 when it was trading around $4. The altcoin is now at $6.58, according to Coin360 . This growth is l Continue reading >>

Top Regulator Worries That Crypto Markets Could Be Full Of Manipulation

Top Regulator Worries That Crypto Markets Could Be Full Of Manipulation

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Top Regulator Worries That Crypto Markets Could Be Full of Manipulation SEC official wonders who watches for spoofing, front running Warding off manipulative behavior a top concern, Redfearn says Add a top U.S. financial regulator to the list of people concerned that lightly policed cryptocurrency markets make easy targets for manipulators. Warding off market cheaters in digital currencies is among the Securities and Exchange Commissions major concerns as it monitors those assets, according to Brett Redfearn, head of the regulators Division of Trading and Markets. We are concerned about a lot of the issues around manipulation, whether its spoofing, or any other forms of market manipulation that are out there, he said Thursday at an event in New York. Spoofing , front running, wash trading, pump-and-dump, insider trading -- theres a question of, how are they being watched out for? Few cops are currently on the beat watching for rigging, in part because regulators are still trying to work out whos responsible for what and also because its not clear they can do much until the exchanges register with them. Cameron and Tyler Winklevoss, who run the Gemini exchange for Bitcoin and Ether, recently proposed that the industry start self-policing to help fill in the vacuum. Continue reading >>

Initial Coin Offering (ico) Risk, Value And Cost In Blockchain Trustless Crypto Markets

Initial Coin Offering (ico) Risk, Value And Cost In Blockchain Trustless Crypto Markets

On July 25th 2017 the SEC published guidance indicating that US securities laws may apply to token sales, effectively recognizing crypto coins associated with entities such as the DAO as a new asset class. In Mutual Distributed Ledgers, or Blockchains, trust is embedded and no explicit chain of trust is necessary. Smart contracts running on a Blockchain allow to create objects with various degrees of liquidity and to automate the operations of a fund, enabling trustless crypto markets. Despite great promise, the sources of uncertainty and risk in such trustless settings are not yet well understood; for instance The DAO (Decentralised Autonomous Organisation), which was the worlds first decentralised investment fund, went from being the largest crowdfunding event in history to get about a third of its assets compromised due to an attack from a shareholder. The dual nature of money shared by a Blockchain calls for a novel approach: a DAO is a listed entity by default, and its projects might be financial instruments as well, so we use network correlations to study portfolio risk diversification. Furthermore, automated corporations are essentially about decentralized intelligence, so we need to consider the strategic nature of the social world; for this we map the vector field and use signal processing to investigate volatility in traffic flows. The primary objective of the study is to determine factors that affect cash flows in decentralized applications, to enhance the understanding on whether decentralized organizations are perceived as truly trustless entities, or, if investors are rather forced to trust in the design. The target audiences of this paper are Government regulatory authorities, Banking sector and Stock markets. Keywords: Blockchain, Smart Contracts, Econo Continue reading >>

R/cryptomarkets

R/cryptomarkets

Technicals Fundamentals Sentiments Discussions Exchanges Strategies Tools New Coins Educational Support Scams Welcome to the FOREX community of cryptocurrencies! This subreddit is for discussing all crypto denominated markets but with an emphasis on altcoins. Topics can range from exchanges, technical analysis, to fundamental analysis. If you have any questions, comments, or would like to contribute to the development of the community in some way, please message the moderators. Are you new to alt-cryptocurrency markets? Here are some links to get you started. Continue reading >>

Crypto Markets React Following Reported Japanese Pressure On Binance

Crypto Markets React Following Reported Japanese Pressure On Binance

Crypto Markets React Following Reported Japanese Pressure on Binance The cryptocurrency market has reacted today as Binance, one of the worlds largest cryptocurrency exchanges, has come under pressure from the government of Japan for operating without a license, according to a report. However Binancefounder Zhao Changpeng dismissed the news asirresponsible journalism. Cryptocurrency Market Reacts With Japan vs Binance Story A Nikkei report has provoked a storm in the cryptocurrency market this Thursday. It alleges that the Financial Services Agency, Japans financial watchdog, is about toorderthe exchangetofreeze its operations within thejurisdictionwhile its license is pending officialapproval. Zhao Changpeng,founder of Binance, has expressed disappointment with Nikkei as he dismissed the news report. Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them. Whether it is FUD or not, is still unknown. Twitter user Henno van Rensburg claims it is not:I spoke to people in the know and theyve asked Binance to take down the Japanese translation to discourage Japanese to use their platform. The cryptocurrency market jittered in response to the news on fears thatincreased regulatory scrutiny will curb demand for digital assets in one of its largest markets. Bitcoin was trading over $9,000 before the news report, the tumble led to daily low of $8,706.BTC is down by just under 4% at the time of writing as is priced at $8,740. The wide majority of the top 100 cryptocurrencies and tokens on the Coinmarketcap.com list are also down on what appears to be account of the news report. Total market ca Continue reading >>

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