BTC Dark Web Transactions Have Fallen Big Time
Dark web markets – which typically rely on assets like bitcoin and other crypto to clear transactions – are seeing a lot less business these past few weeks as people turn more to cash than they do digital currencies. Data from security firm Chainalysis suggests that over the last two months, people have spent a lot less money on the dark web than they have in just the beginning portion of the year.
The company released the following statement: Among the biggest dark web sites to enter the crypto industry in the last ten years include Silk Road, arguably the most notorious of all the sites to mix illicit behavior with cryptocurrency. Chainalysis suggests that darknet markets may have shuttered bitcoin transactions as a means of preventing Armageddon in the space.
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