Rising Number of Darknet Marketplace Jobs has Researchers Concerned

Even though the darknet doesn’t have the best of reputations, its popularity continues to rise over time. That is not entirely surprising, as the allure of getting rich quick attracts people from all strides of life. One noteworthy trend is how the number of “job openings” found on the darknet is increasing. That is very peculiar, as its long-term impact remains unclear. Finding a Job on the Darknet One has to keep in mind the darknet is only a small part of the deep web, the part of the internet which is not indexed by traditional search engines.

Cybercrime-As-A-Service Has Become a $1tn Industry

In the world of cybercrime, various threats have emerged over the past few years. Computer and mobile users know that all too well, as it is evident staying safe is an ongoing challenge. The rise of cybercrime-as-a-service will ensure this process does not come to an end anytime soon. It creates a very troublesome situation for consumers and security researchers alike. The Popularity of Cybercrime-as-a-Service Any concept in the world can be turned into an “as-a-service” model.
Vatican Address to Highlight Bitcoin Use in Slave Trade

Vatican Address to Highlight Bitcoin Use in Slave Trade

The Vatican is soon to host an address on how bitcoin and other cryptocurrencies are being used in the modern-day slave trade. To be held today at the Pontifical Academy of Social Sciences (PASS) in the headquarters of the Roman Catholic Church, the talk by Bank of Montreal senior manager Joseph Mari is to provide an overview of the role cryptocurrencies play in money laundering, while highlighting the potential of blockchain to help the unbanked. The second of a three-day long event, itself part of an even larger effort led by Pope Francis to eradicate slavery entirely by 2020, the address is expected to be given to an audience including the Vatican secretary of state, Cardinal Pietro Parolin, and other senior church leaders.
Michigan Man Charged for Unlawful Bitcoin Exchange

Michigan Man Charged for Unlawful Bitcoin Exchange

A Michigan man has been charged with running an unlicensed money transmitting business after selling nearly $150,000 in bitcoin online. According to an indictment released by Detroit TV news services WD-IV Friday, 52-year-old Bradley Anthony Stetkiw ran an exchange through the LocalBitcoins website, conducting transactions at restaurants in the Bloomfield area.
UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk

UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk

The U.K. government's economic and finance ministry has released a new policy document stating that cryptocurrencies like bitcoin pose a "low risk" for terrorist financing. According to the HM Treasury paper, the country's National Crime Agency (NCA) also deemed that the risks of digital currency use in money laundering are "relatively low.
Fraudsters Post Fake Poloniex Cryptocurrency Trading Apps to Google Store

Fraudsters Post Fake Poloniex Cryptocurrency Trading Apps to Google Store

Security researchers have discovered at least three fraudulent apps on the Google Play store purportedly tied to the Poloniex cryptocurrency exchange. An article posted on IT security firm ESET’s news site We Live Security details how two of the apps, respectively called "Poloniex" and "Poloniex Exchange," were put onto the Android app service and downloaded more than 5,500 times before being removed.
Bitcoin Exchange Operator Given 16-Month Prison Sentence

Bitcoin Exchange Operator Given 16-Month Prison Sentence

One of the operators of the now-defunct bitcoin exchange Coin.mx has been sentenced to 16 months in prison. According to a Reuters report, Florida-based software engineer Yuri Lebedev had been found guilty of helping run the unlicensed bitcoin exchange.
Alleged Bitcoin Money Launderer Has First Extradition Hearing

Alleged Bitcoin Money Launderer Has First Extradition Hearing

Alleged former BTC-e employee Alexander Vinnik appeared in a Greek court on Friday for the first of what could be several hearings to determine where he will ultimately stand trial. Arrested in July by authorities on behalf of the U.S. government, Vinnik was charged with money laundering, computer hacking, fraud and drug trafficking alongside his former employer, bitcoin exchange BTC-e.
SEC Charges ICO: US Agency Takes Action Against Alleged Token Scammer

SEC Charges ICO: US Agency Takes Action Against Alleged Token Scammer

The SEC has brought what appears to be its first charges against a company utilizing the initial coin offering (ICO) fundraising model. In a press release issued late today, the U.S. securities regulator charged two companies and their founder, businessman Maksim Zaslavskiy, with violating anti-fraud and registration provisions of federal securities laws. Allegedly, Zaslavskiy sold cryptocurrencies backed by assets that did not exist in two token sales, one for a project called Diamond Reserve Club World, and the other for an effort called the REcoin Group Foundation, the SEC said.

Evolve Funds намерена запустить первый в Канаде биткоин-ETF

Компания Evolve Funds подала заявку на открытие первого в Канаде биржевого инвестиционного фонда (ETF). Об этом пишет BNN.ca. Как отмечает издание, ETF будет котироваться на Фондовой бирже Торонто (TSX ) под тикером BITS. “Для многих доступ к биткоину затруднен — это очень сложный и дорогостоящий процесс, поскольку в настоящее время инвесторы не могут торговать им на обычном брокерском счете, — отмечает CEO Evolve ETFs Радж Лала.
CFTC Sues New York Man Over Alleged $600k Bitcoin Ponzi Scheme

CFTC Sues New York Man Over Alleged $600k Bitcoin Ponzi Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a New York-based man and his company for allegedly running a bitcoin-based Ponzi scheme. Nicholas Gelfman and his firm, Gelfman Blueprint Inc (GBI), are accused of procuring over $600,000 from 80 people between January 2014 and approximately January 2016. According to the CFTC, the funds were solicited from customers under the pretence of sponsoring a high-frequency bitcoin trading algorithm called "Jigsaw.
Swiss Finance Regulator Cracks Down on E-Coin Cryptocurrency Scheme

Swiss Finance Regulator Cracks Down on E-Coin Cryptocurrency Scheme

Switzerland's financial markets regulator has ordered the closure of three companies tied to an alleged cryptocurrency scam. The Swiss Financial Market Supervisory Authority (FINMA) announced on September 19 that it had shut down the Quid Pro Quo Association, Digital Trading AG and Marcelco Group AG in connection with the sales of a so-called "E-Coin" cryptocurrency. The companies had apparently been operating without the appropriate authorization, and were liquidated by FINMA as a result.
The European Union Wants to Beef Up Penalties for Cryptocurrency Crimes

The European Union Wants to Beef Up Penalties for Cryptocurrency Crimes

The European Commission is gearing up to propose new penalties for cybercrimes involving cryptocurrencies. In a release yesterday, the European Union's executive arm outlined its intent to introduce a new directive focused on digital crimes, citing recent ransomware attacks in the region and abroad. Part of that plan would involve the creation of a European cybersecurity agency to spearhead such efforts.