News
Cannabis users in the state may soon be able to pay for their green without cash.
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Drugs News
Drugs are any substance that is somehow consumed by an individual with a temporary effect on their physiological and often psychological state of their organism. Drugs are often used for medical purposes, such as anesthesia or as cures for psychological diseases. Still, most drugs have strong side effects with addiction being the most important one. As governmental drug control is often very strict, drug consumers try to find other means of purchasing the drug they want. Internet dark markets offer them the opportunity to buy drugs with Bitcoin or other cryptocurrencies. The Bitcoin drug market is growing over time as more people get used to new payment technologies. Still, blockchain may be also used for developing legal drug purchasing systems. Blockchain technology may help with eliminating counterfeit drugs by recording all the information about licensed products.
- Expert Take
With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization.
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The charges are reminiscent of events that took place during the "Silk Road" saga.
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Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet.
5947 - Analysis
The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emerging challenges.
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Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs.
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Authorities across Europe take down an organized crime syndicate that used an encrypted chat network to coordinate their illicit activities.
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Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency.
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Indian police are collaborating with local research and academic institutions to inform an AI-powered online portal to aid policing initiatives targeting the dark web.
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An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency.
2529 - Analysis
Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.
3830 - AUDIO
Coronavirus keeps marching on the planet, drug dealers lose millions of dollars in BTC, while Tyler Winklevoss experiences his “Bitcoin pizza moment.” Check the bad crypto news of the past week
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MediLedger, a working group comprising 25 major companies operating in the pharmaceutical supply chain has completed a pilot program with the US FDA.
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The OSCE held a five-day course for Central Asian law enforcement representatives that taught them how to prevent drug-related crime facilitated by the darkweb.
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An alleged drug dealer lost over $56 million in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated.
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