Chainalysis estimates that $1 billion dollars will be spent on illegal businesses on the dark web in 2019, but that the proportion of bitcoin transactions that involve illegal activity has declined.
A recent report by Chainalysis illustrates that, despite government efforts to curb it, darknet market activity has thrived, with trading volume more than doubling in 2018.
“Consumers are starting to lose faith in online services and privacy protections they hoped were in place,” David Chaum told the audience at Money 20/20 in Las Vegas on October 23, 2018.
In a nationwide bust, U.S. federal officials have confiscated some 2,000 bitcoin (valued at just over $12 million) from 35 dark web drug lords and arms dealers.
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