Bitcoin Has a New Top Dark Market
Bitcoin Has a New Top Dark Market
Dream Market is now the most popular bitcoin-enabled dark market.
The finding is the result of a new collaboration between blockchain analytics startup Skry and information security firm Terbium Labs, one that analyzed millions of URLs to identify the most popular sites for illicit bitcoin commerce.
The case study, released today, is being positioned by the companies as a countermeasure against the rise of new proposals from the bitcoin community, including those such as CoinJoin and MimbleWimble, both of which seek to increase user privacy on the public blockchain.
Specifically, Palo Alto, California-based Skry used Terbium’s Matchlight system to identify the top three most popular dark web markets in the dataset: Dream Market, AlphaBay Market and The Majestic Garden.
The partnership is designed to provide similar kinds of insight to bitcoin companies, financial institutions and law enforcement looking to track fraud and other criminal activities conducted using products built on blockchains and other distributed ledgers.
Previously known as Coinalytics, Skry used Matchlight to index 3.7 million public keys that appear on Tor hidden services, password-protected forums, dark web markets, i2p, popular paste sites and many other places.
From 11,000 dark web URLs, the partnership identified 22,000 public keys, of which there were 798 unique bitcoin public keys.
The feed of URLs was then incorporated into Skry’s analytics platform, where it underwent further data aggregation and processing to provide “critical associative information,” according to the statement.
In spite of the increased efficiency of efforts that track bitcoin usage on dark markets, however, bitcoin remains the most popular digital currency on the dark web, according to a recent report by two professors at the Department of War Studies at King’s College London.
Article Source: http://www.coindesk.com
A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant …
January 27, 2017 10:20 pm | Jit Sutradhar
The American Association of Insurance Services (AAIS) is turning to the IBM Blockchain platform to support a new automated insurance …
August 15, 2018 6:54 pm | Jit Sutradhar
The price of ether, the native cryptocurrency powering the ethereum blockchain, fell below $200 today for the first time since …
July 11, 2017 11:03 am | Jit Sutradhar
As the price of ether has declined over the past month, e-commerce websites like eBay have seen an increase in …
July 17, 2017 6:01 pm | Jit Sutradhar
- Plz No Cat: The Future of Crypto Disputes Is Being Decided By Doges
August 16, 2018 6:48 PM | By Jit Sutradhar
- Ripple Endorses ‘Preferred’ Crypto Exchanges for XRP Payments
August 16, 2018 6:25 PM | By Jit Sutradhar
- $6.6K: Bitcoin Price Eyes New Target for Bull Reversal
August 16, 2018 6:21 PM | By Jit Sutradhar
- California Is Open to Allowing Crypto Political Donations
August 16, 2018 6:15 PM | By Jit Sutradhar
Plz No Cat: The Future of Crypto Disputes Is Being Decided By Doges
What Intel’s Foreshadow Flaw Means for the Future of Cryptocurrency
Bitcoin’s Taproot Privacy Tech Is Ready – But There’s a Catch
Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain
You Can Now Get Paid (A Little) For Using Bitcoin’s Lightning Network