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Monero and the Dark Web.

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Realising the relationship between Monero and Dark Web Services.

Intro

The cryptocurrencies are specially designed for a number of different purposes, in order to optimize, not only the financial economy but also the other fields which require the usage of a third party intermediary, in order to eliminate all the uncertainties related with it. This has been very much evident as we see the Blockchain technology as well as the cryptocurrencies being applied in Healthcare, supply chain management, election process, etc. However, Bitcoin was regarded as the no. 1 cryptocurrency that was consistently being used in the dark websites for all the kinds of illicit activities like money laundering, tax evasion, terrorism funding, etc. Let us now read about Monero Coin and its relationship with the dark web.

 

Monero: The privacy for coin

Monero is another cryptocurrency on the market which is very well known for its privacy. Its ability to provide privacy, leaving Bitcoin behind, has led it to become the top cryptocurrency being used in the dark web. However, according to the experts, the usage of Monero through other intermediary parties is also highly risky in nature, therefore one needs to understand the complete functionality and the architecture of the cryptocurrency coin in order to achieve complete privacy while using it for transactional purposes. In a nutshell, Bitcoin’s popularity as a dark web cryptocurrency has been falling down as the lawbreakers have changed the frame of reference and have shifted their focus towards privacy-focused coins like Monero, Dash, ZCash, etc.

 

Other alternatives for dark webs

According to the cybersecurity experts, the incorporation of Bitcoin in the usage of dark Web Services has drastically fallen from almost 30% to 1%. They have also experienced a sudden increase in the usage of Monero, marking them to extensively be used for illegal activities in the dark web.  According to the professionals, this has been a great bane to the government as well as the law enforcement agencies to track the illegal use of cryptocurrencies. It has been estimated that the dark web markets have constantly been updating themselves in order to avoid the higher transaction fees and hours of transactional confirmation of Bitcoin. According to reports, currently, even Monero has not been utilized as much as Litecoin is been incorporated for all the dark web services in the market.

 

American and European dark web

Litecoin, Dash, Bitcoin Cash, Ethereum as well as Monero constitutes to some of the most prominent cryptocurrencies that been utilized for most of the illegal activities in the dark web among both the European as well as English speaking domain. Specifically, it was observed that the English speaking websites related to the dark Web Services predominantly incorporated Monero and other privacy-focused coins but the Russian speaking uses didn’t seem to care much and incorporated Litecoin as their major cryptocurrency for dark web transactions. The main reason behind this attitude of the Russians is that the law enforcement bodies don’t seem to be very strict on the fellow Russians.

 

Monero vs Dash

According to a casual survey conducted within the dark web market, it was found out that people still preferred Monero and Dash with 22% as well as 20% votes, for the future acceptance respectively within the Dark Web Services. Also, due to the genius of mining Monero, it has been the number one cryptocurrency for most of the Malware attacks on desktops, mobile phones, PCs, and other electronic gadgets. They prominently run the small JavaScripts on the user’s side and use their processing power in order to mine Monero without their relevant knowledge itself, the process is known as cryptojacking.

 

Conclusion

However, with increased regulations like the Anti Money Laundering as well as KYC regulations on many of the financial marketplaces the usage of Monero for the dark Web Services might decline. It must be understood that’s Monero is extensively been used in the dark Web Services and a sudden restriction can cause the prices of Monero to plummet to the floors, therefore no sudden reactionary decisions must be taken in order to control the illegal activities. Will Ripple be disregarded as a cryptocurrency or would monero become the top cryptocurrency for the dark Web Services it would be better for everyone you just wait and watch the future conditions of these cryptocurrencies.   

#Investment

Serena Williams: Olympic star invests in Coinbase

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Serena Williams posted about the launch of her own venture firm called Serena Ventures. The firm has invested in more than 30 companies including Coinbase.

Four-time gold medalist, Olympic star and one of the most famous tennis player, Serena Williams recently posted on Instagram about the launch of her own venture firm called Serena Ventures. She also revealed that the firm has invested in more than thirty companies that include the Coinbase.

 

 

Serena Williams: Serena Ventures

The website of the venture firm reveals that the market capitalization of the list of financial assets held by the firm amounts to more than $12 billion and the diversity of the owners of the different firms that Serena Ventures has invested is around 60 percent. Serena Ventures especially focuses on companies that are still in the early stage and persuades partnership between the portfolio firms.

 

Serena Williams is a four-time gold medalist at the world Olympics and is ranked no.1 in singles according to the Women Tennis Association. The net worth of the Olympic star amounts to more than $180 million according to TheStreet.

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#Lending

New assets management dimension: VIP services for big crypto investors

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Top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

Some great news today for all crypto-holders and investors: top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

 

MoneyToken’s VIP clients gain exclusive access to their own Personal Manager who will provide them with a 24/7 high-quality service and access to a list of benefits not found anywhere in the crypto lending world.

 

This service has been specifically created to cater to busy asset holders that don’t have time to constantly manage their assets alone. If the client is busy or doesn’t have time to effectively manage his/her assets, managers will take all asset management issues, saving your time and efforts.

 

With this, MoneyToken becomes the only crypto lending platform that offers a VIP level of customer service, at a global scale.

 

Presenting a whole new level of client service to the crypto lending market, MoneyToken makes VIP service free of charge for those clients, whose assets exceed $50,000 and making it more than affordable for smaller assets with $300 monthly fee.

 

Through the MoneyToken VIP Service, clients gain access to the following list of exclusive features:

 

 

Lending services

 

With access through your VIP account to MoneyToken lending services, you can borrow credit funds using your crypto assets as collateral.

Or you can safely and securely lend your assets through MoneyToken and receive daily interest revenue by getting your investments to work for you.

 

 

Crypto assets and collateral trading

 

This is a pure crypto lending innovation: with full control over your assets, you are able to make collateral trading and account operations with the help of your Personal Manager at any time and from any location.

 

 

Short selling

 

For experienced traders who hold a VIP account with MoneyToken, use short selling to earn money on the volatile cryptocurrency market: if you foresee rises and falls in the market, you can consult your Personal Manager and look for ways to benefit from upcoming potential price changes.

 

 

Hedging

 

Hedging is a series of complex actions implemented by experienced traders and investors to lower the risks on their investments. You can convert your assets to fiat or stablecoins to protect them from sudden price falls. This includes futures, short selling, and perpetual swaps – all of which can be effectively implemented with the assistance of your Personal Manager.

 

 

Private token sales

 

All VIP clients get immediate access to closed private token sales; it gives clients the ability to make smart investment decisions and benefit for the significant discounts that private sales can offer.

 

 

OTC services

 

A great option for VIP clients to quickly convert their crypto-assets into fiat currency with no additional hassle, fees or transaction limits.

 

Focus on what you need and leave your day-to-day asset management to the experts in the MoneyToken VIP Customer Service Team.

 

27/4 Portfolio Access

MoneyToken VIP clients have access to their personal portfolio anytime from any location and on any device, with individual 24/7 assistance by contacting your Personal Manager via phone call, email or Telegram.

 

B2B & B2C Management

For major crypto-asset organizations, MoneyToken offers the perfect B2B levels of client service. Large asset holders require an individual approach that meets various business demands and that provides fast, professional assistance.

 

At the same time, the MoneyToken VIP Customer Service account works for the individual asset holder, meeting your individual demands; you can take a vacation or throw yourself into your work, leaving asset management tasks to our VIP Customer Service Team to complete on your behalf.

 

A VIP-level of Customer Service for serious asset holders and a new experience in the cryptocurrency. For more information, go to MoneyToken website.

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#Exchange

Japan to establish new regulations for cold wallets of crypto exchanges

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The Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets of cryptocurrency exchanges.

As reported by Reuters, the Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets for the storage of cryptocurrencies for cryptocurrency exchanges.

 

According to the report, the financial regulator of Japan is going to need a more strict internal supervision of the cold storage wallets (offline wallets) within the crypto exchanges.

 

The Financial Services Agency of Japan is going to mark the issues of protecting the security of the cryptocurrencies and other endangers to the country by establishing new regulations since the agency wants to uplift the fintech industry in order to encourage the economical growth.

 

Even though the cold storage wallets are in offline mode (not connected to the internet) and are considered a lot safer than the online wallets, Japan’s Financial Services Agency is considering the internal thefts within the organization itself. Currently, a lot of cryptocurrency exchanges do not have a procedure of rotating the individual responsible for the cold storage wallets.

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