Bitcoin

The Block: “darknet sites prefer bitcoins”

A study by The Block journalist Steven Zheng found that darknet marketplaces prefer bitcoins for payments and withdrawals.

In total, 49 darknet trading platforms were investigated and 98% of them support payments in BTC. In second place in popularity was the anonymous cryptocurrency Monero – it is supported by 45% of sites. Cryptocurrencies Litecoin and Bitcoin Cash are supported by 29% and 12% of trading platforms, respectively.

100820_darknet_crypto.jpg

Interestingly, the second largest cryptocurrency in terms of capitalization, ETH, is not very popular – only 8% of platforms can pay for illegal goods with this coin. At the same time, last year the broadcast ranked third in popularity.

Recall that, as shown by a recent study by the analytical company Bitfury Crystal, in the first quarter of 2020, darknet users began to use Bitcoin transaction mixing services more often. 

At the same time, according to the specialists of the Chainalysis company, 892,000 BTC are associated with illegal activities and are located on the darknet markets, in the hands of scammers or hackers. That being said, most of these BTC end up on cryptocurrency exchanges.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Bitcoin

After Previous Negative Statements, Norwegian Billionaire Invests In Bitcoin

BitcoinCryptocurrencyEthereum

Bitcoin Recovers $56,000: ETH Recovers $1,700 (Observed Over The Weekend)

Bitcoin

Bitcoin Sets Fresh Record Above $50,000

BitcoinMining

BTC miners earned more than $ 4 million per hour amid growing fees and BTC rate

Sign up for our newsletter and stay informed

0 0 votes
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x