Monero

Despite a global slowdown in cryptocurrency transactions on darknet markets, Russia’s crypto underground is thriving. According to the latest findings from blockchain analytics firm Chainalysis, cryptocurrency activity on Russian darknet platforms surged by 68%, even as global darknet sales dropped by 15% year-over-year.

Kraken Surges While Others Collapse
The report highlights that Kraken, now the largest darknet marketplace focused on Russia, has quickly risen to dominance after the takedown of the infamous Hydra marketplace in April 2022.
🔹 In 2024, Kraken handled $737 million worth of cryptocurrency, marking an increase of nearly 68% year-over-year.

🔹 In contrast, rival platform Mega — once a primary drug supplier to other darknet markets — saw its inflow fall by more than 50%.

Global Darknet Crypto Activity Declines
Globally, darknet crypto activity fell by 15% in 2024, largely due to ongoing efforts by international law enforcement and the increasing transparency of blockchain transactions.
📉 These pressures have forced many darknet operators to reconsider the tools they use — particularly a shift away from Bitcoin, which is known for its traceability.

Monero Takes the Lead on the Darknet
According to Chainalysis, many darknet platforms have now switched to using Monero (XMR) exclusively.
🔐 Monero is a privacy-focused cryptocurrency designed for maximum anonymity, making it significantly more difficult to trace transactions or identify participants. This privacy feature has made it the preferred currency for those aiming to stay off the radar of global authorities.

Summary
While global darknet markets are shrinking, Russia's scene is expanding rapidly. Kraken has taken the lead, and Bitcoin is losing ground to more private coins like Monero.
The Chainalysis report serves as a reminder that, although blockchain activity is transparent, privacy is still achievable — especially when the right technologies are used. That continues to present a major challenge for international regulators and law enforcement agencies.

#CryptoCrime , #darknet , #CyberSecurity , #Monero , #CryptoSecurity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Monero (XMR) has caught attention with a sudden price spike at the beginning of the week. The price jumped from $232 to $331 early in the morning, prompting speculation about suspicious market activity.Monero (XMR) Surge
Market data shows that Monero experienced an almost 50% increase within an eight-hour period. This upward movement began with the sudden price jump observed in the early hours. However, as the volatility could not be sustained, Monero’s value partially retreated after the surge, currently trading around $263Reports suggest that a transfer of 3,520 Bitcoin $95,133 is being viewed as the start of this suspicious activity. This transaction involved a large sum of funds being broken into smaller pieces and sent to various exchanges. According to the details of the operation, it is alleged that one of the affected parties is a user from major American exchanges.

Expert Opinions and Transaction Details
Prominent on-chain detective ZachXBT noted on social media that this movement is unusual. He highlighted that the price spike followed a suspicious transfer that converted funds into Monero..ZachXBT: “A suspicious transfer occurred nine hours ago. This movement may indicate that money has been stolen.”

Following the incident, data checked indicated that funds were converted to Monero through various instantaneous platforms. Analysts commented that the transaction might be a hack, based on technical analysis and suspicious movement patterns. Meanwhile, Bitcoin remained unchanged throughout the day, showcasing a 6.5% increase over the past week.
In the cryptocurrency market, market participants continue to closely monitor such high-value, instantaneous transactions. Significant trading moves in a shallow liquidity environment tend to yield much larger consequences for prices.
It is crucial for market participants to take careful steps in light of sudden price movements and high-volume transactions, considering existing risks. The uncertainties and fluctuations in the cryptocurrency market serve as a reminder for participants to act cautiously.#Monero #BinanceAlphaPoints #SaylorBTCPurchase #

Monero (XMR) increased by 19% after a rise of 9.33% last week. The technical forecast suggests a breakout upward and a continuation of the rally with a target of $345.
The price of $Monero breaks above the ascending triangle on the daily chart, rising over 19%. This model was created by drawing

What are Privacy Coins?
There is nothing unusual about understanding this term. It's quite simple. Privacy coins are cryptocurrency that supports anonymity and security. It's all about the specific methods of this cryptocurrency to protect transaction data. This means that the sender, receiver, and transferred amount remain concealed, providing users with complete privacy.