Marketplaces on the dark web frequently processed more bitcoin transactions than BitPay last year, new research has found.
In a paper released this week , Kyle Soska and Nicolas Christin from Carnegie Mellon University revealed that, even by conservative estimates, the daily sales volume of six large-scale dark markets reached up to $650,000 in 2014.
The bitcoin merchant processor’s self-reported annual total, $158.8m , would produce a daily average of around $435,000.The report reads: "In the […]
