US Government closed Alpha Bay

One of the biggest illegal markets on the deepweb is finally shut down 
26 July 2017   1519
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

One of the most popular "deepweb" market, AlphaBay, has been closed by the US government. This is reported by the Cointelegraph.

The US Department of Justice on Thursday confirmed that they have closed the illegal market and captured AlphaBay’s operator. The a combined operation by the US and European authorities was held earlier in July. Alexandre Cazes, the operator of Alphabay, was arrested.

This is an outstanding success by authorities in Europe and the US. The capability of drug traffickers and other serious criminals around the world has taken a serious hit today after a highly sophisticated joint action in multiple countries.
 

Rob Wainwright
Executive Director, Europol

The founder of AlphaBay committed suicide shortly after the arrest. The 25 y.o. Canadian Alexandre Cazes was found dead hanging in a towel on the ceiling of his cell.

Before the close-up, Alpha Bay was known as one of the biggest darkweb markets, with more than 40,000 vendors of drugs which transacted to some 200,000 clients. Guns and malware were available too, additionally to all kinds of drugs.

Cryptocurrencies are used to transact in the dark web marketplace, so, hutting down of AlphaBay may have effects of them.

BlackRock to Consider Bitcoin Futures

World largest asset management firm created a workgroup to study the prospects of crypto-based futures
16 July 2018   75

Investment company BlackRock has formed a working group that should find out what benefits the world's largest asset manager can get from entering the cryptocurrency sector, despite the fact that previously its CEO had heavily criticized bitcoin. This is reported by Financial News.

The investment giant, whose assets amount to $ 6.3 trillion, created a team that included experts from various business areas. They must collect information about the cryptocurrencies, the underlying infrastructure and technology of the blockchain.

The working group, which includes investment strategist Terry Simpson, should find out whether BlackRock should invest in bitcoin futures.

Sources also reported that BlackRock is studying the experience of its competitors in this area and the potential impact of their actions on the company's business. The working group will report on the results of its research to senior management.

A spokeswoman for BlackRock reported that the company has been considering blockchain technology for several years, but declined to comment on the cryptocurrency.

The creation of a working group may mark a turning point in relations between BlackRock and cryptocurrencies. Last year, its head, Larry Fink, said that bitcoin is an extremely speculative tool, and the only reason for its popularity is its anonymity. "This is an instrument that is used for money laundering," he said bluntly.

Fink gave his comments even before the appearance of crypto-currency futures. At that time, he saw no opportunity for his company to enter this market.