DarkMarket Shut Down By German Police – Bitcoin Magazine

Popular darknet marketplace DarkMarket, which hosted an estimated half million users, was shut down by German police authorities in a raid conducted over the weekend.  Announcements from prosecutors in the cities of Koblenz and Oldenburg indicated that the operator of the marketplace was headquartered somewhere near the border between Germany and Denmark. The marketplace’s server was officially turned off yesterday. “Police in the northern city of Oldenburg ‘were able to arrest the alleged operator of the suspected world’s largest illegal marketplace on the darknet, the DarkMarket, at the weekend,’ prosecutors…

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Authorities shut off electricity to Bitcoin miners in China’s Yunnan province

Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease supplying power to the city’s miners. On Nov. 30, Chinese crypto reporter Colin Wu tweeted that several miners had informed him of the ban, sharing what appear to be scanned copies of official documents issued to power producers: Several miners told Wu that Baoshan, Yunnan, where China’s crypto mines are located, received a ban on November 30, requiring the power…

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Non-Custodial Bitcoin to Ethereum Bridge Shut Down After Two Days

The team behind the tBTC project, an effort to bring Bitcoin (BTC) over to Ethereum (ETH) through decentralized custodians, shut down the bridge just two days after launching it. The decision was disclosed on May 18 by Matt Luongo, the founder of Thesis, a company that backs tBTC through the Keep project. TBTC was launched on May 16 on the Ethereum mainnet, lasting only two days before a temporary shutdown option was executed by the team. While the team did not specify the reason for shutting down the protocol, it…

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‘Governments Will be Unable to Shut It Down’ – John McAfee to Launch Privacy Centric Crypto

The U.S. Presidential candidate who remains on the run from the IRS, John McAfee, announced he’s launching a new privacy coin called Ghost. McAfee says the Ghost cryptocurrency will be a proof-of-stake (PoS) coin and it will be available on his decentralized exchange (dex). The former anti-virus software tycoon also stressed to the public on Twitter that by combining Ghost with his dex, governments won’t be able to shut the project down. Also read: Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout McAfee Is Launching…

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