"World's Largest" Darknet Marketplace Has Been Shut Down

By Nik Hoffman

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 this week.

There was a total of 4,650 BTC involved in over 320,000 transactions facilitated by the marketplace, according to prosecutors.

Your Bitcoin News Roundup

News Reporting:

Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America
By Jessie Willms

Bitcoin mining farm operator Compute North and financial services group Foundry Digital are bringing more hash power to North America.

Human Rights Foundation Provides Grants To Specter, Lot49
By Peter Chawaga

The Human Rights Foundation is providing $25,000 each to support Specter Desktop and Lot49 through its Bitcoin Development Fund.

Blockstream Adds Six Members To Liquid Federation
By Peter Chawaga

Blockstream’s Liquid has added six new projects to its Bitcoin sidechain federation, bringing its total roster count to 59.

Bitcoin Magazine's Guide To Exchange Scaling Support
By Peter Chawaga

We’ve compiled a list of the most popular bitcoin exchanges, along with their level of support for Bitcoin’s central scaling upgrades.

Guest Contributions:

The Future Of Bitcoin Upgrades: Off-Chain Contract Execution
By Ben Carman

Bitcoin’s future protocol upgrades center around off-chain contract execution, increasing privacy and scalability for users.

How Monetary Policy And Dollar Devaluation Are Driving Institutional Interest In Bitcoin
By Jan Wuestenfeld

Central bank balance sheets, dollar indices and monetary policy make it clear that institutional interest in bitcoin will only grow.

2020: Year 11 Of “The Transformation”
By Akin Fernandez

If the U.S. hopes to benefit from the Bitcoin transformation, it needs to refrain from heavy-handed and unAmerican regulatory efforts.

Winning Hearts And Minds For Bitcoin
By Andy Edstrom and Peter McCormack

The psychological moral foundations theory provides a framework through which we can convince others of Bitcoin’s value propositions.

Bitcoin And The Printing Press
By Anil

Both Gutenberg’s printing press and Nakamoto’s Bitcoin protocol gave us new methods to permissionlessly transport information.

Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold
By Kent Polkinghorne

Parsing the history of money, stock-to-flow ratio transaction costs and other critical metrics demonstrates that bitcoin will replace gold.

A Decade Of Dollar-Denominated Debasement Debauchery
By Tyler Bain

Since Bitcoin’s genesis block, central banks around the world have been debasing their fiat.

Audio And Video:

The Hardest Trade: BitcoinTINA On Bitcoin

In this episode of the BitcoinTINA podcast, the hosts covered three potential bitcoin price paths for the future.

The Lightning Network Basics

In this episode of “The Van Wirdum Sjorsnado,” the hosts discuss the basics of the Lightning Network and its challenges.

Interview: Securing Bitcoin With Anchorage’s Diogo Monica

Diogo Monica of Anchorage Custody joins the “Bitcoin Magazine Podcast” to discuss institutional BTC storage and securing private keys.

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