Black Market and Crypto

Black Market and Crypto

By Ashif P A | La casa de papel | 28 May 2020


Have you ever thought how crypto currencies can be misused? Do crypto have dark side?

Cryptocurrencies like bitcoin are basically "invisible" digital currencies that users send via the internet. Bitcoin in particular has been in the spotlight recently due to the massive fluctuation in its value. But as volatile is it is, Bitcoin and other cryptocurrencies occupy a real corner of the global financial market, and could possibly change everything about how the world does business.

Cryptocurrency was the dream of many hackers because it represented a way for them to exchange money for products and services that was totally anonymous and divorced from a regulatory authority like banks or governments. But the security of these digital currencies, as well as how to keep people from double-spending or coding their own currency, remained a huge obstacle. That was until 2008, when the mysterious (and still unidentified) Satoshi Nakamoto published a white paper called "Bitcoin: A Peer-to-Peer Electronic Cash System," which essentially started bitcoin as we know it.

Bitcoins have earned a bit of a dark reputation due to how the system allows buyers and sellers to remain anonymous. It has become a popular currency for money laundering and black-market transactions. But after a Senate Banking Committee hearing in February 2018, bitcoin gained a bit more legitimacy, which made its value soar in a matter of hours. And now more businesses are accepting it in lieu of cash or credit.

 

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Ashif P A
Ashif P A

I am type of hardworking and smart working guy.


La casa de papel
La casa de papel

Don't get offended by the name. Here in this blog I will share latest news related to crypto world. Also I will share apps and websites that are genuine and I use for my income.

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