July 15, 2020 New report identifies a 65% increase in the value of Bitcoin transferred between darknet entities.

A new report released on Tuesday by Crystal Blockchain, a subsidiary of the blockchain technology company, Bitfury, has found that the total value of Bitcoin, measured in US Dollars, transferred among darknet entities increased by 65% in Q1 2020, relative to Q1 2019. The increase occurred despite a decline in the amount of Bitcoin, measured in native units, transferred, and can be explained by both an increase in the value of Bitcoin and the amount of capital transferred among darknet users during the period surveyed. Beyond this, the report’s authors concluded that the asset’s mass adoption, ease of use, and popularity all contributed to the growth.