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Bitcoin (BTC) Crime: British Man Gets Nine Years in Prison for Selling Lethal Drugs

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Tue, 01/28/2020 - 19:42
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  • Justas Bieksa will have to serve nine years in prison after selling extremely dangerous drugs on the dark web

Cover image via www.123rf.com

Justas Bieksa, a 34-year-old British man who ran a drug business on the dark web, has been sentenced to nine years in prison.

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Bieksa was selling multiple lethal drugs, including carfentanil and furanyl, for Bitcoin. The above-mentioned opioids are 100 times more potent than fentanyl. Carfentanil, for instance, is applied in medicine as a sedative for elephants and other large animals, which shows how powerful these fentanyl analogs can be for humans.         

“Fentanyl and its analogues, which Bieksa was selling, are extremely dangerous. Even a tiny amount could kill a user," said NCA Senior Investigating Officer Jim Cook. 

He continued that such drugs are also dangerous for anyone who comes in contact with them.    

Bieksa appeared in the crosshairs of the National Crime Agency (NCA) in July 2017 after he created an account on a dark web forum.

After a long investigation, Bieksa was busted at his home red-handed in September 2019, with police officers seizing his laptops with active orders, drug testing equipment, and packages.  

Cook stated that the nine-year prison time reflected his "dangerous and calculated" actions. 

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While the crypto industry is well beyond the days of Silk Road, Bitcoin drug deals remain rampant. Back in October, an Iraqi man was sentenced to 30 years in a US federal prison for selling fentanyl.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Tue, 03/31/2020 - 17:59
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  • Ripple's development platform proposes to add an opt-in privacy feature to the XRP Ledger

Cover image via stock.adobe.com
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Ripple's development arm Xpring has come up with a new proposal to add an "opt-in" privacy feature to the XRP Ledger. It's now up to the community to review the proposal via GitHub.   

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Private transactions  

In his blog post, Warren Paul Anderson, the head of the Xpring developer community, explains that XRP can be made anonymous with the help of 'blinded tags' that would obfuscate the source and destination tags from anyone apart from from the originator and the source of a specific transaction. 

In such a way, private payments on the XRP Ledger would appear 'random' to third parties.  

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Streaming payments  

Xpring also made an announcement about the Xpring Wallet adding support for the STREAM protocol. It allows users to send and receive in the form of encrypted packets of money or data over blockchain-agnostic Interledger by establishing an HTTP connection.  

All developers can now integrate streaming payments into their applications with the help of Testnet XRP.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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