Dealers to Sell Drugs For Crypto in Korea

Nine criminals arrested; they were accepting DarkCoin (Dash) cryptocurrency
25 December 2018   716

The authorities of South Korea detained nine people accused of distributing drugs for cryptocurrency, Finance Magnates reports.

As prosecutors of central district of Seoul announced on Sunday, the alleged criminals were involved in the distribution of drugs in Darkweb, and even created a separate website for this. Over time, he began to attract more and more visitors. Between March and November, there were 636 people in their community. To date, the site has been closed. It is noted that this is the first such operation of the South Korean authorities in the darkweb.

The detainees are also accused of growing marijuana and selling homemade hashish. In addition, they ordered other psychoactive substances abroad and distributed them to local residents. The owner and developer of the site among other things charged with the use of marijuana.

For financial transactions, dealers used the DarkCoin cryptocurrency (note - obviously, they mean Dash, which received its current name in 2015). Now, the authorities intend to keep 100 million won ($ 88,700), received from the practice of illegal activities.

Earlier this year, British police confiscated at least 300 bitcoins worth about $ 1.7 million owned by drug dealers and money launderers who used cryptocurrency to conceal their activities. In the US, the problem is even more ambitious - in June, 35 people were detained, from whom a total of $ 20 million was withdrawn in cryptocurrencies.

Coinbase to Consider New Assets Listing

Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves are being considered as possible candidates for including on the trading platform
06 August 2019   579

Coinbase, the largest US cryptocurrency company, is considering listing new digital assets on its platform.

Among the applicants for listing, tokens of the following projects are: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology and Waves.

So, Coinbase expects over time to provide users with access to 90% of the total cryptocurrency market capitalization.

However, company representatives emphasized that legal compliance issues in a number of jurisdictions could seriously affect plans to add these assets.

Tezos (XTZ) was the last in the listing of the site, after which its price immediately increased by almost 30%.

Recently Coinbase CEO Brian Armstrong said his company is committed to creating an open financial system and forcing “100 million people to start using cryptocurrencies.”