Ether, the cryptocurrency powering Ethereum blockchain protocol has once again gained the trading communityâs attention. The second largest cryptocurrency recently exhibited an unprecedented growth in its value, influencing many to invest in the digital currency. The positive development has allowed ether to receive support from the unlikeliest of all sectorsâ the dark web.
AlphaBay, one of the leading dark web marketplaces has announced that its customers can soon start paying for their purchases with ether. Reports suggest that the platformâs admin first made the announcement in one of the dark net forums. The news later made it to other social media platforms including the Reddit.
The new cryptocurrency payment option is set to make an appearance at the beginning of May 2017. Media outlets have quoted the dark net marketplaceâs admin saying,
âWe are currently laying out the framework to make ETH acceptance possible, and we will enable Ethereum deposits and withdrawals starting May 1st, 2017.â
In addition to the newly included Ethereum, the AlphaBay marketplace also supports Bitcoin, and the privacy oriented Monero cryptocurrency tokens. According to reports, the implementation of Ethereum on AlphaBay was influenced by the recent adoption of zkSNARKs â Non-interactive zero-knowledge proof technology on the cryptocurrency platform which imparts anonymity to ether transactions.
Just like in the case of Monero, the marketplaceâs announcement to include Ethereum support fueled further demand for the cryptocurrency, driving its price up. However, not everyone is convinced by the decision taken by AlphaBay as some believe that the levels of security and anonymity offered by ETH or the anonymous Bitcoin fork â ZCash are debatable at best.
The Ethereum platform has received a lot of traction from legitimate businesses, mainly for its smart contracts capabilities. Many banking and financial institutions are already working on creating various applications built on the technology. The creation of Enterprise Ethereum Alliance recently is another achievement in this direction. The adoption on AlphaBay represents the other end of the customer base who also appreciate the digital currency.
An Interview With Angelo Melis, Founder of Local World Forwarders (LWF) Project
The applications of blockchain technology across industries is increasing every day. Among these, the supply chain and logistics sector is one among them. Recognizing the need for a complete overhaul
Mario Draghi States There’s no Need for Bitcoin Regulation in Europe Right now
Europe is a rather controversial region when it comes to Bitcoin and cryptocurrencies. Up until this point, there is no hint of any regulatory measures whatsoever. That isnât necessarily a bad
Bitcoin Price Could Reach $10,000 if China Resumes Cryptocurrency Trading This Year
Earlier today, on October 21, the Bitcoin price achieved a new all-time high at $6,199. The market is confident that the price of Bitcoin could reach $10,000 in the mid-term if major markets such as
Coinbase Claims the Bitcoin Gold “Fork” has Already Taken Place
There are some conflicting reports regarding the Bitcoin Gold fork date. This is not entirely surprising, as the project is poorly organized at best. The website claims the âforkâ â which isnâ
Blockchain Asset Fund: Community Driven Investment Solution, Announces BAF Token Fundraiser
The cryptocurrency industry has in the recent days, broken all the past records. The rapid growth in value of the overall market has evoked mixed reactions, with some hailing the digital currency
SegWit2x Lead Mike Belshe: ‘Things Are Looking Good’ for Bitcoin Hard Fork
BitGo chief executive and SegWit2x project lead Mike Belshe says that, despite contention within the bitcoin community related to the block size debate, “things are looking good” for the SegWit2x hard
ECB Chief: Bitcoin Not ‘Mature’ Enough for Regulation
European Central Bank (ECB) chief Mario Draghi says that bitcoin and other cryptocurrencies are not mature enough for regulation.
As reported by CNBC, the ECB president made these comments during a
Bitcoin Price Climbs to $6,200 as Record-Setting Advance Continues
Bitcoin’s record-setting run continued on Saturday, as the bitcoin price touched the $6,200 mark to set a new all-time high.
On Friday, bitcoin shocked analysts and investors alike when it made a s