Tag Archives: System D

David Cameron’s plans to ban online encryption dubbed ‘infeasible’

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“David Cameron‘s proposals to end online encryption have been dismissed as ‘infeasible’ by the Parliamentary Office of Science and Technology.  In a report titled ‘The Darknet and Online Anonymity’, the office argues that outlawing anonymity networks such as Tor may create more problems that it would solve.  The new dossier states that the network plays only a ‘minor role’ in the distribution and viewing of indecent images of children.  The importance of Tor for whistleblower organisations was also highlighted by the parliamentary office.  The report also downplays the threat posed by online drug markets like Silk Road, claiming that they shorten the supply chain from producers to consumers.”

http://www.digitalspy.com/tech/news/a634487/david-camerons-plans-to-ban-online-encryption-dubbed-infeasible.html

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$50m Dark Web Market Just Disappeared With Millions In Bitcoin

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“It had become a bigger, badder version of the Silk Road drug bazaar in its short life, but Evolution, founded on 14 January last year, has apparently been closed and one staffer is claiming the admins have scammed its huge user base. The site, based on the anonymising Tor network, was home to nearly 20,000 drug sales at the time of its apparent demise, far more than Silk Road or its subsequent iteration Silk Road 2, but also sold weapons, from guns to tasers hidden in fake cigarette packets, and plenty of fraud material. It was also slicker, faster and more professional than other dark web markets, but is ostensibly no more.”

http://www.forbes.com/sites/thomasbrewster/2015/03/18/evolution-market-a-scam-says-site-pr/

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Astonishing Images Show $4.2 Million In Seized Dark Market Drugs

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“Officers in Leipzig apprehended two individuals they believe to have been involved in the web-based Shiny-Flakes narcotics dealership, one a 20-year-old whose apartment was searched on 26 February and a 51-year-old Bulgarian courier.  From the search of the apartment and further seizures of shipments, a whopping 360kg of drugs were acquired by the police, including crystal meth, cocaine, speed, ecstasy tablets, LSD, hashish and marijuana. Combined, the drugs were worth just over $4.2 million. A cool €48,000 ($50,461) in cash was also found alongside all those illegal substances. The stash really is something to behold, as seen in the images sent over by the law enforcement agency.”

http://www.forbes.com/sites/thomasbrewster/2015/03/13/shiny-flakes-bust-pictures/

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Bitcoin: The People’s Money with Roger Ver and Jeffrey Tucker

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“This is the first episode in a monthly series dedicated to Bitcoin.  We could hardly have better guests than Chief Liberty Officer of Liberty.me, Jeffrey Tucker, and Roger ‘Bitcoin Jesus’ Ver, investor in some of the most successful Bitcoin companies like Blockchain.info, BitPay, and Kraken. We will talk about Jeffrey’s latest book ‘Bit By Bit: How P2P Is Freeing the World’, businesses that Roger is involved in, their path to Bitcoin, and how it relates to the philosophy of liberty and the Austrian school of economics.”

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Bitcoin dealer sentenced to four years in prison

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“Robert Faiella, 55, and an accomplice were charged with conspiracy to commit money laundering and running an unlicensed money transmitting business. Faiella, who pleaded guilty in September 2014, was also ordered to pay $950,000.  He and accomplice Charlie Shrem, 25, were accused of running a company allowing people to use cash to buy bitcoins, and issuing $1 million in the virtual currency that is based on a mysterious computer algorithm.  Shrem was convicted to two years in prison on December 19.”

http://timesofindia.indiatimes.com/tech/tech-news/Bitcoin-dealer-sentenced-to-four-years-in-prison/articleshow/45967280.cms

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Taxing Cannabis Consumers Into the Black Market, Waiting for Medicine

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“High Alert Investment Management is pleased to bring you this brief summary of some of the week’s top stories from the burgeoning worldwide cannabis legalization and decriminalization trend. Savvy investors and cannabis industry insiders already know this sector is one to be keeping a close eye on, and at High Alert, we’ve been watching keenly and covering it at The Daily Bell since late 2013. Many casual observers will also be interested in following a trend that is already strongly affecting the state of liberty, economics and health care around the world.”

http://www.thedailybell.com/trends-and-sector-reports/35911/Cannabis-Trends-Report-Taxing-Consumers-Into-the-Black-Market-Waiting-for-Medicine/

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Online Drug Dealers Are Now Accepting Darkcoin

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“Over the last month, two of the dark web markets selling an anonymous, mail-order catalog of narcotics and other contraband have begun supporting darkcoin transactions. On a site called Nucleus, visitors can now use darkcoin to buy LSD, MDMA, and marijuana. On the competing market Diabolus, dealers accept it for cocaine, synthetic stimulants like ethylone and alpha-PVP, and even counterfeit Euros. Those two markets still represent only a tiny fraction of the growing dark web drug economy—most of which uses bitcoin exclusively. But darkcoin’s entrance could signal a new means of transaction in that underground industry, and one that’s far harder for law enforcement to trace.”

http://www.wired.com/2014/11/darkcoin-and-online-drug-dealers/

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Feds Seize Silk Road 2 in Major Dark Web Drug Bust

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“On Thursday international law enforcement agencies including the FBI, the Department of Homeland Security and Europol took down the Silk Road 2 and arrested its alleged operator 26-year-old Blake Benthall in San Francisco. The criminal complaint against Benthall outlines how the Silk Road 2’s staff was infiltrated by at least one undercover law enforcement agent even before the site went online in November of last year. In May of this year, the FBI somehow pinpointed the foreign server that ran the Silk Road 2 despite its use of the anonymity software Tor to protect its location, and obtained records from the server’s hosting provider identifying Benthall.”

http://www.wired.com/2014/11/feds-seize-silk-road-2/

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The Forfeiture Curmudgeons

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“Cash became the crime.  The government figured out that drug sales weren’t done on Visa or MasterCard, but in currency.  Evil currency. So they criminalized cash.  But that still wasn’t enough to feed the hunger of the government and starve the drug kingpins, so then the ‘instrumentalities of the crime’ was conceived. If you drove to a drug deal, the car was an instrumentality. If the drug deal happened in a house, the house was the instrumentality. And even if there was no drug deal at all, it was all an instrumentality or substituted proceeds.  Take the profit out of crime.  This became as important, if not more so, than proving the existence of a crime at all.  And it was so much easier.”

http://blog.simplejustice.us/2014/09/20/the-forfeiture-curmudgeons/

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India says not considering immediate gold import duty cut

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“India is not considering an immediate cut in gold import duties, Trade Minister Nirmala Sitharaman said on Wednesday, extending a policy that has helped narrow the country’s trade deficit but is believed to have led to an increase in smuggling.  India’s trade and current account deficits have narrowed sharply since New Delhi raised the duty on gold imports to 10 percent from 2 percent through a series of steps last year, helping revive confidence in the country’s economy.  But the duties have also fuelled a belief that smuggling has surged, causing some suspicions about distorted data and raising expectations the government will ease some of its restrictions.”

http://in.reuters.com/article/2014/09/10/india-gold-imports-idINKBN0H50MC20140910

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