Day: March 24, 2018

I had a chat with The Financial Times the other day, and provided lots of background as to why I don’t think cryptocurrencies are the choice of criminals. The comment that was reported was the following:

Key Points

• Bitcoin price recovered nicely from $7300, but it is struggling to gain traction against the US Dollar.
• There is a major bearish trend line forming with resistance at $8,750 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
• The pair must hold the $8,400-8450 support area to avoid any further declines toward $8,000.

Bitcoin price is struggling to break a key barrier at $8,800 against the US Dollar. BTC/USD is slightly bearish with an important support around the $8,400-8,450 zone.

Bitcoin Price Bearish Resistance

This past week, there was a sharp drop in bitcoin price below the $8,000 level against the US Dollar. The price declined below the $7,500 support and traded as low as $7,296. Later, it staged an upside recovery and moved above the $7,500 level. It broke the 23.6% Fib retracement level of the last drop from the $9,912 high to $7,296 low.

Buyers gained traction and pushed the price above $8,000. Moreover, there was a break above the 50% Fib retracement level of the last drop from the $9,912 high to $7,296 low. However, the upside move was protected by the $9,000 resistance zone and the 100 simple moving average (4-hours). More importantly, a major bearish trend line with resistance at $8,750 on the 4-hours chart of the BTC/USD pair is acting as a key hurdle. At the moment, the price is moving lower and is currently trading below $8,750 and the 100 SMA.

On the downside, there is a crucial support at $8,400-8,450. BTC must hold the mentioned $8,400 support to avoid a push into the bearish zone. Below $8,400, the price could even break the $8,000 support. On the upside, a successful break and close above $8,800 is needed for buyers to gain control.

Looking at the technical indicators:              

4-hours MACD – The MACD for BTC/USD is about to move back in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently well below the 50 level.

Major Support Level – $8,400

Major Resistance Level – $8,800

Charts courtesy –Trading View

The post Bitcoin Price Weekly Analysis – BTC/USD Bounce is Fading appeared first on NewsBTC.

Key Highlights

• ETH price made a downside move and declined below the $500 level before a slight recovery against the US Dollar.
• There is a monster bearish trend line forming with resistance at $535 on the 4-hours chart of ETH/USD (data feed via Kraken).
• The pair remains at a risk of more losses if it fails to move above the trend line and $535.

Ethereum price is showing a lot of bearish signs against the US Dollar and Bitcoin. ETH/USD must recover soon else it could extend declines in the near term.

Ethereum Price Resistance

There was a sharp downside move this past week as ETH price tumbled below the $600 support against the US Dollar. The price even declined below the $500 handle and traded towards the $450 level. It traded as low as $436 before it started an upside move. It recovered and traded above the 23.6% Fib retracement level of the last decline from the $749 high to $436 low.

However, the upside move was protected by the $600 resistance. Moreover, the 50% Fib retracement level of the last decline from the $749 high to $436 low acted as a strong resistance. Lastly, a monster bearish trend line with resistance at $535 on the 4-hours chart of ETH/USD also prevented an upside move. The pair is currently following the same trend line and current resistance at $535. Buyers must gain traction and move the price above the $535 resistance else there is a risk of more losses.

On the downside, the $510 support may act as a short term support. A break below the $510 support could open the doors for more losses. On the flip side, above the mentioned $535, the price may recover above the $580 level in the near term.

4-hours MACD – The MACD is slowly moving back in the bearish zone.

4-hours RSI – The RSI is currently well below the 50 level.

Major Support Level – $510

Major Resistance Level – $535

Charts courtesy – Trading View

The post Ethereum Price Weekly Analysis – Can ETH/USD Break This? appeared first on NewsBTC.

Key Points

• Bitcoin cash price corrected higher but it struggled to move above the $1,080-1,100 against the US Dollar.
• There is a significant bearish trend line forming with resistance at $1,000 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX).
• The pair may continue to struggle and it could decline below the $950 support in the near term.

Bitcoin cash price is struggling to gain upside momentum against the US Dollar. BCH/USD remains at a risk of more losses below the $950 support.

Bitcoin Cash Price Resistance

There was a minor upside recovery initiated in bitcoin cash price from the $640 swing low against the US Dollar. The price recovered above the $800 resistance and the 50% Fib retracement level of the last drop from the $1,157 high to $640 swing low. Moreover, there was a break above the $1,000 level and the $1,020 pivot level. However, the price faced a lot of sellers near the $1,080 and $1,100 resistance levels.

More importantly, a significant bearish trend line with resistance at $1,000 on the 4-hours chart of the BCH/USD pair also acted as a hurdle. Lastly, the price failed to move above the 76.4% Fib retracement level of the last drop from the $1,157 high to $640 swing low. At the moment, the price is moving lower and is trading below the $1,000 level and the 100 simple moving average (4-hours). As long as the price is below the $1,000 level and the 100 SMA, it remains at a risk.

On the downside, the $950 level is a crucial support. If the price drops below the mentioned $950 support, it could move back in the bearish zone in the near term.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is moving back in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level.

Major Support Level – $950

Major Resistance Level – $1,000

Charts courtesy – SimpleFX

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Struggling to Recover appeared first on NewsBTC.

Japanese tech giant Fujitsu has built a Blockchain Innovation Center in Belgium to explore and apply DLT in “sectors of all kinds”. #NEWS

Stellar co-founder McCaleb claims that crypto will only succeed if it remains decentralized, “like the Internet”. #NEWS

In recent times, the use of blockchains in governing supply chains has become quite prominent. This is primarily due to the fact that blockchains provide complete transparency between untrusted partners as well as a high level of traceability throughout the production process.

Modum can be thought of as a blockchain-based supply chain system that integrates P2P networking with smart contracts and external sensors. As a result of this, Modem is able to provide users with an integrated solution that not only enhances data integrity across the entire supply chain but also allows for a high level of security.

To elaborate further on the workings of this platform, we can see that native sensors deployed by Modum are able to record environmental conditions to which shipped goods are subject while in transit. Thus, when a change of ownership occurs, these sensors are able to verify their data against predetermined conditions locked into the existing smart contracts.

Once all of the desired conditions have been satisfied, relevant notifications are sent across to the sender as well as the receiver.

According to the official whitepaper, Modum will first look to provide its unique technology services to the pharmaceutical industry. Due to recent regulatory changes that have taken place within the EU, it is now necessary for all shipped medicinal products to carry a certificate which states that the item has not been exposed to extreme external conditions.

Modum is perfect for this purpose since it makes use of low-cost thermal sensors to monitor temperature flux. As a result, medicos are able to substantially reduce their shipping and overhead costs.

Overview of Modum

• Data is recorded directly on the Ethereum blockchain, thereby allowing for complete transparency and accountability.
• The sensors allow for real-time temperature tracking.
• In case of any conditional anomalies, both the sender and receiver are issued immediate notifications.
• Modum helps make the medicinal supply chain more efficient as well as cost-effective.
• Its interface is quite simple and easy to use.

Key Features

First and foremost, Modum utilizes environmental sensors that are not only reliable but also cheap to produce. They allow manufacturers and sellers to keep track of the exact conditions through which their products are put. Owing to their highly precise design, Modum sensor devices are able to record even the minutest of changes in environmental conditions from the point of dispatch to final delivery.

Core components of the platform: the dashboard, temperature loggers and mobile interface

To facilitate easier shipping, Modum has prepared a user-friendly smartphone app that can be used by both the manufacturer as well as the buyer. To be more specific, the app allows users to connect to the sensors and activate them remotely, thereby allowing for real-time tracking.

It should also be mentioned that Modum employs analytical data analyzers that help provide users with a host of useful insights about their logistical items. The dashboard allows users to keep a close eye on the status of their shipments as well as track their exact geolocations.

Visual representation of how the delivery system works

Lastly, through the use of smart contracts, this decentralized platform is able to automate the entire supply chain in a secure and credible manner. Not only that, users are able to gain access to auditable records of shipment conditions to see whether the delivery meets preexisting regulatory requirements.

How Modum works

Before an item is shipped out, a smart contract is initiated which contains the following information:

• Temperature logger ID
• Shipment ID
• Alarm criteria

Overview of how the system works

After all of the aforementioned data has been entered into the platform, the smart contract allows all third-party receivers to keep tabs on the evaluation criteria — which in current use cases is the temperature range of an item.

During the shipment phase, the temperature is monitored closely, and all of the data is tracked and stored in real time within the internal flash memory of the logger. Through the use of BLE technology, shipped items do not have to be regularly opened and checked.

It should also be mentioned that at each change in ownership, the authenticity of existing data is certified. The results are stored within a decentralized ledger, and in case there are any shortcomings with the item being delivered, both the sender and receiver are notified immediately,  allowing them to release the product or arrange further corrective and preventative actions.

Lastly, from a hardware standpoint, Modum integrates seamlessly into existing enterprise frameworks without any need for upgrades. The mobile application allows for further accessibility and is sufficient to track high volume shipments without any issues.

About the platform

With all of the unique features that Modum has to offer, it can be useful for readers to learn about the people in charge of this project.

Malik El Bay is one of the key individuals behind this venture. He has been in the digital domain for over a decade and has previously worked with various independent startups associated with blockchain technology. Dr. Stefan Weber is in charge of hardware development for Modum. Stefan holds a Ph.D in physics and has been associated with various high-profile startups in the past.

Finally, Sacha Uhlmann is the lead tech designer for the company. According to his LinkedIn profile, he possesses a solid background in peer-to-peer systems and quality assurance. Additionally, Sacha holds substantial knowledge of diverse fields such as robotics and sensor deployment.

Token Performance

Since MOD has only been on the market for around six months, it is hard to assess its true investment potential.

MOD token lifetime performance chart (courtesy of CoinMarketCap)

MOD was introduced at a price of US$0.48 per token. During the crypto boom of early 2018, the currency hit an all-time value high of US$11.32.

However, since then, the price of MOD has stabilized substantially, currently standing at US$2.37.

Final Thoughts

Modum as an enterprise solution holds a lot of promise. Since this technology can help redefine the way in which supply chains are governed, it will be interesting to see if the pharmaceutical market at large starts to adopt Modum for daily tracking and transaction purposes.

If you would like to start investing in Modum, MOD trading pairs are currently being offered on online exchanges such as Binance, Kucoin and IDEX.

World’s First AI-Controlled Influencer Marketing Platform Successfully Closes $12M Phase 1 Of The Tokensale Following 36 Minutes $5.5M Pre-Sale Spurt

Tallinn, March 24, 2018

AdHive, an AI-powered platform for influencer marketing announces that it has successfully closed the $12M hard cap ahead of the open phase of its tokensale. The company’s innovative approach to AI-automated and blockchain-backed native advertising attracted a total of 5,839 token purchasers through the presale and Phase 1 of the tokensale.

“The global influencer market, whilst rapidly developing and setting the standards for advertising industry, has also remained one of the slowest in adopting innovations and implementing new technologies. With our tokensale goal achieved it’s now legit our community has tremendous faith in AdHive prospects. We are believed to be the best suited project to take on the challenge of revolutionising the industry,” says Dmitry Malyanov, AdHive Co-founder.

The project’s token presale showed an impressive interest from the community and to ensure everyone’s comfort, AdHive has introduced a deposit system for whitelisted members three days before the start of the tokensale. The company’s intention was to avoid speed and price competition between potential buyers (“gas wars”) and enable whitelist participants to buy tokens without having to catch the tokensale starting moment online. The system worked well and was warmly welcomed by AdHive’s supporters.

With its custom AI-powered ads mass-placement on influencer channels, AdHive allows advertisers to go global effortlessly, thus saving time and budget. It is also letting the bloggers to receive gradable rewards that are sensitive to particular blogger’s rating and ranking. The campaigns are carried via smart contract logic embedded into the platform core.

“We have already reached an agreement on ADH token listing with HitBTC, a fast-growing top-15 exchange, and are currently working to get the token listed with other leading crypto exchanges. In accordance with our roadmap, AdHive team will now focus on further development of the platform and its functionality. We will be strengthening our relations with influencers community and expanding our regional representation with offices in the United States and South Korea,” adds Alexandr Kuzmin, AdHive Co-founder.

ADH tokens will be delivered to the tokensale purchasers’ ERC20-compatible wallets following the KYC procedures completion. The company is currently evaluating different option for distribution of tokens and listing timing in order to achieve maximum effect both for token holders and advertisers.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Although it has been coming for quite some time now, Coinprism will officially close its doors on March 31. This news is not a big surprise, as a closure has seemed imminent for several months now. Although the service has been rather popular among fans of colored coins, the closure will still occur as planned.

The End of Coinprism is Near

It has been quite an interesting few years for Coinprism. The company was one of – if not THE – first to make access to colored coins pretty straightforward. For those unaware, colored coins are digital tokens issued on top of the Bitcoin blockchain, which work in somewhat similar fashion to Ethereum ERC20 tokens. Back in the day, there were not dozens of ICOs every week, though the occasional crowdsale did occur.

Unfortunately, it became evident that colored coins would not gain that much traction in the long run. More specifically, the concept quickly got pushed to the side once Ethereum ERC20 tokens started gaining traction. Even so, colored coins were perhaps slightly ahead of their time in terms of offering something people weren’t even looking for. It happens every now and then in the cryptocurrency world, but not every initiative is launched at the most opportune time.

Users of the Coinprism service should be aware that the platform will shut down on March 31. This also means their wallets will no longer be accessible from that date forward. The block explorer and API will also be shut down on that date, which is only to be expected. No one will be particularly surprised by this development, although some people may raise an eyebrow over it.

Since Coinprism doesn’t store any of its users’ private keys, users will need to ensure they can access their funds in a timely manner. Coinprism only stores an encrypted version of one’s private keys on the platform, which can be decrypted using the password generated during the signup process. If users have forgotten their passwords, there is nothing the company can do about it, unfortunately.

Once users export the private keys for their Coinprism wallets, they can sweep them into any other compatible wallet. This will allow users to access forked currencies, such as Bitcoin Cash and Bitcoin Gold, assuming they have not done so already. It is good to see that users can still access this money when everything is said and done, yet it remains to be seen if users will recall their passwords and 2FA info.

It is sad to see longstanding services such as Coinprism shut down, but it is only to be expected given the way things have been going. It is unclear what all of this means for the colored coin industry, as it seems there will be even less focus on this sector moving forward. An interesting future lies ahead for colored coins in general, although it remains to be seen if ERC20 tokens will continue to reign supreme.

Web Shield will provide cybersecurity and risk management services to Market.space in advance of the token sale

LONDON, UK – March 24, 2018 – Market.space, the decentralized data storage platform, today announced a partnership with Web Shield, the leading KYC due diligence service, to ensure cybersecurity and efficiently manage risks. Aiming to disrupt the $411b public cloud services market, Market.space expects a multi-million user base around the world.

Founder and CEO of Market.space Alexander Rakhmanov said, “Customer data protection is at the heart of the cloud hosting industry, and has remained a strategic priority since the inception of our company and throughout the course of development. We are delighted to partner with Web Shield to safeguard the network infrastructure against data breaches, online fraud and cybercrime, and this partnership is instrumental in our commitment to deliver the most secure and transparent hosting marketplace possible.”

Founded by the CEO of Rapidgator, one of the largest hosting providers in the world, Market.space connects cloud hosting services directly with consumers with an aim to become a mass market player, and in turn, offer the cheapest cloud infrastructure deals on the web. The Market.space team has 5 years of operating experience in the cloud hosting space, together with years of combined expertise in blockchain-based development.

The implementation of Web Shield’s visionary risk intelligence technology and end-to-end customer due diligence services to the platform will enhance its capabilities and secure the decentralized infrastructure in advance of the token sale. The Market.space ICO will commence on March 26, 2018.

For more information, visit http://market.space/

Contact the team:

[email protected]

[email protected]

[email protected]

https://twitter.com/Market_space_

https://fb.me/Market.space.system

https://t.me/Market_space

About Market.space

Market.space is a next-generation cloud hosting company that offers the state-of-the-art solution for professionals and consumers – the decentralized data storage platform that enables its users to securely transact with hosting providers at lower prices. By design, the platform is a zero knowledge marketplace deprived of the ability to influence pricing and buying decisions.

About Web Shield

Web Shield is a proven global leader in information security, KYC due diligence services, risk management and threat prevention. Since it was founded in 2010, the company has impacted the industry and joined established information security associations and committees, culminating in becoming MasterCard Merchant Monitoring Service Provider in July 2015.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

A blockchain-powered daily fantasy sports platform, MyDFS promises to improve the gaming experience for uncountable amount of fantasy sports enthusiasts around the world by delivering better speed, ease-of-use, transparency, governance and accountability. This mobile based fantasy sports ecosystem has been created by the founders of uTrener and KHL Fantasy, two of European earliest and most popular daily fantasy sports platforms.  

London, UK March 24, 2018

MyDFS, a blockchain-powered daily fantasy sports platform, is all set to redefine the industry by connecting the sports fans around the world to an ecosystem that is transparent, easy-to-use, and token buyers friendly. Built on smart contracts, MyDFS runs on mobile devices to address a number of issues that have plagued the fantasy sports industry. The ultimate goal of this project is to simplify the user experience to make the games enjoyable for all types of players.

The global fantasy sports industry has experienced phenomenal growth over the last few decades. Only in the US and Canada, this market was worth $7 billion in 2017. However, an extremely high growth rate has led the industry to an immature state where outdated business practices are commonplace. As a result, this highly promising industry has been struggling with several shortcomings including uncertain legal status, complicated gaming experience, complex verification procedures, deposit and withdrawal related issues, and lack of transparency.

MyDFS was designed as a transparent and worry-free fantasy sports platform that will be capable of overcoming all the existing challenges, leveraging modern technology and contemporary business approaches. The platform addresses the industry’s legal issues by introducing cryptocurrency tokens to be used throughout the platform. Limitations such as insider gaming, bots, and other cases of unfair play have been eliminated with the application of blockchain and smart contract technology. Some other benefits for the fans include

• Streamlined user experience
• Fast user verification
• Fast and worry-free transactions
• Transparent gaming and fair play
• Get profits from winnings in tokens.

The MyDFS team comprises of industry professionals with a wealth of experience in the fields of fantasy sports and large-audience applications. In 2016, this team hit the headlines by developing and launching uTrener. This was one of the earliest platforms on the European market to offer a refined, user-friendly and seamless DFS gaming experience on iOS, Android, and the web. They have also launched KHL Fantasy (later KHL Haier Fantasy), a white label app for top European ice hockey league KHL. KHL Fantasy won MarSpo 2017 as the best sport app and was featured by App Store several times. At the same time MyDFS team received UK Gambling Commission License to legitimately operate fantasy sports in Europe.  

“MyDFS presents a fantasy sports solution with clean, midcore gameplay that supports multiple popular sports and allows people to invest and capitalize not just on the game itself, but also by investing in other pro players (earning a share of their winnings), or holding or selling game tokens,” says Viktor Mangazeev, the CEO of MyDFS. “Our platform embraces transparency and fair play. Our cryptocurrency tokens eliminate the need for fiat currency. The accuracy of our fantasy results is backed up by smart contract technology. The real-world game data that determines how players on our platform do, along with players, teams and statistics, are completely publicly accessible.”

MyDFS currently supports soccer, hockey, basketball, cricket, and football, and is capable of integrating more popular sports in the future. It works on all contemporary smartphones, tablets, and the web. MyDFS token, an Ethereum-based token, will be used for all value transactions within the MyDFS ecosystem. These tokens can be used to play, win, and exchange it for other cryptocurrency or fiat money. The users can also hold and trade their tokens, maximizing their earning potential as the demand increases for the MyDFS tokens. Moreover, MyDFS is pioneering player brokerage to let casual users to share their prize pool with a pro-players.    

MyDFS app is expected to be released before the FIFA World Cup 2018 to be held this summer in Russia. The company has recently started its pre-ICO campaign, offering a total of 50 million tokens with a hard cap set at $40 million. Attractive bonuses are available for the early token buyers.  

To find out more, please visit https://www.mydfs.net/

About MyDFS: MyDFS is a blockchain-powered daily fantasy sports platform from uTrener and KHL Fantasy apps creators. It runs on mobile devices and connects sports fans around the world in a transparent, easy-to-use manner. The platform simplifies the user experience to make the game enjoyable for players of all types. MyDFS is also pioneering player brokerage to let casual users to share their prize pool with a pro.

Contact: Anastasia Shvetsova

Website: https://www.mydfs.net/

Email: [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Email automation SaaS Triggmine upgrades its services with the help of crypto and AI. Now crypto will help the whole email marketing industry to reach even greater heights.

Triggmine is on a mission to revolutionize old-fashioned email marketing, with the help of crypto and AI. Its Main Token Sale will open up a whole new field of marketing potential for E-commerce entrepreneurs.

AI, not entrepreneurs, will be called on to segment databases and craft email campaigns, with Triggmine’s new AI email marketing system. Triggmine’s AI will help business owners communicate effectively with their customers, leading them from first purchase to continuing loyalty, thanks to the help of these new innovations:

Artificial Intelligence. Triggmine will analyze a large quantity of data: demographic characteristics, interaction history, degree of sensitivity to discounts, and interests in relation to product categories. As a result, AI-based campaigns will be highly personalized and more effective than traditional email marketing.

Smart Contracts. For the very first time, email marketing software takes financial responsibility for users’ business results. Triggmine guarantees improved email marketing performance according to special recommendations, based on benchmarks, business stages, industry specifics, etc. All guidance will be based on detailed AI analysis.

Blockchain Platform. Ethereum blockchain will be used for executing smart contracts, making data storage safe, and facilitating decentralization. The technology will also be used to guarantee 100% quality of AI-based email automation.

For Triggmine, cryptocurrency is not about raising money, but about developing unique solutions.

The primary goal of the Presale is to raise sufficient funds for the development of the Smart Contract. For users, it means that Triggmine will back up their business financially. The Main Token Sale will raise funds for the development of the AI-driven neural network to help users launch highly personalized email campaigns.

Check out the Whitepaper to learn more about the product. The token sale starts 1 day early for all whitelisted users. You can also benefit from a 20% discount on TRG for the first 48 hours of the token sale.

If you’re looking for a promising AI-driven project to invest in, this is the time to make a choice!

———————————————-

More information about Triggmine

Website  | Twitter | Facebook | Telegram

———————————————-

Contact info:

Tonya Makarenko

Content Marketing Manager

Email: [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Censorship is becoming a very real problem on the internet these days. More and more platforms are taking an aggressive stance against shareable content. Reddit is making some very controversial decisions in this regard, as it recently shut down all darknet-related subreddits all of a sudden.

The End of r/Darknetmarkets

On the one hand, it is rather easy to justify the actions of Reddit when it comes to removing illegal content from its platform. Judging from its recent announcement, the company is taking a zero-tolerance stance toward drugs, firearms, sexual services, stolen goods, and so forth. Most people will gladly agree with this approach, as most of these topics should be avoided due to their illegal nature.

On the other hand, one has to acknowledge this is censorship in its purest form. Regardless of the illicit nature of the topics mentioned above, there is no reason to prevent people from thinking or talking about them. In fact, this decision by Reddit will push even more people to other platforms which can’t be actively monitored. Whether or not this was a smart decision remains to be determined, for obvious reasons.

One of the biggest communities to be affected by this recent development is the darknet community. Although the darknet has one of the worst reputations when it comes to illegal content and services, there was genuine interest in discussing these markets on Reddit. That is no longer a possibility, as anything related to the darknet has been removed from the platform and will not be coming back.

From a law enforcement perspective, this may not necessarily have been a good decision on the part of Reddit. After all, the darknetmarkets subreddit allowed everyone in the world to see which markets people were talking about, as well as the names of individual sellers and products being bought and sold on these platforms. That information is now gone from the public domain and can only be found within the bastion known as the darknet.

Additionally, it seems a lot of these discussions will now move to encrypted chatting solutions such as Telegram and Signal. Given the government’s stance against all of these services due to their end-to-end-encryption, it is evident this will spark a whole new set of debates. Censoring this type of information on Reddit is a decision that will have very large consequences down the line, and it may even spark more interest in darknet markets as a whole.

It is evident that Reddit is trying to cover all its bases by ensuring the platform cannot be linked to illicit content. At the same time, this approach to internet censorship is not a positive sign for the platform. It seems only a matter of time until other types of content will no longer be found on this platform. Whether or not Reddit will go after cryptocurrencies at some point remains to be determined. Anything seems possible at this point, unfortunately.