US Government closed Alpha Bay

One of the biggest illegal markets on the deepweb is finally shut down 
26 July 2017   1898
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.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.