Police and authorities in the US and Korea have broken up in one of the world’s largest child pornography markets.

Bitcoin and digital currencies are often blamed when it comes to online transactions where users commit illegal acts.

With all the questions surrounding money laundering and arms deals, it now seems that the fact that these illegal transactions were made with Bitcoin actually helped the police.

The case was brought against a 23-year-old citizen of the Republic of Korea named Jeon Woo Song, who, according to authorities, used the Darknet market to accept bitcoin and distribute more than 1 million videos with a sexual name involving children. Authorities are said to have rescued at least 23 juvenile victims in the US, UK and Spain who actively abused users of the site.

Employees of the criminal investigation Department of the Tax service established the location of The darknet server in Korea. They then identified the Son and discovered the physical location of the website according to don Fort, who is the head of the Department.

“Our Agency’s ability to analyze the blockchain and deanonymization of Bitcoin transactions has allowed us to identify hundreds of predators around the world,” don Fort added, 

BTC / USD suffered a heavily bearish Wednesday in which its price fell from $ 8158 to $ 7994, dropping below the $ 8000 level in the process. So far today, the price has fallen as low as $ 7975.

Bears in full swing resumed control of the entire cryptocurrency market. Even assets that have been immune to losses in the past few days such as …

ETH / USD fell from $ 180.85 to $ 174.65 this Wednesday. So far, it has fallen to $ 174.15. The hourly chart shows us that the asset price has fallen from $ 179.20 to …

Bitcoin Cash could no longer defend this support, discussed on Wednesday at $220. As predicted in the price analysis, the break under support tested the next target support around $215.

Bitcoin bulls had a brief glimpse of victory only to suffer bitter disappointment this week.

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