Bitcoin in the Headlines: Child Porn and Price Disregard

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Whils last week’s reporting was heavily US-focused, the coverage this week was more far reaching, with outlets from India and Russia mentioning bitcoin – even if in a negative light. Indeed the biggest lightning rod of interest this week was perhaps bitcoin’s alleged propensity for enabling illicit activities, with the use of the payment method in online child pornography transactions capturing the lion’s share of the media’s headlines. Interestingly this focus, however, did deflect from other negative coverage. For example, bitcoin’s relative price drop – usually a hot topic among the mainstream press – went mostly unnoticed. Child porn for bitcoin Allegations that paedophiles are now buying sexually abusive imagery on the web first surfaced this week following the release of the Internet Watch Foundation’s annual report. Unsurprisingly, it did not take long for the media to seize the opportunity to report on the link between the disruptive digital currency and the horrendous activities carried out by some alleged bitcoin users. A Google news search with the terms “paedophiles and bitcoin” brought up more than 80 results, significantly less than previous stories highlighted in this series, but still this week’s most widely covered topic. In his Guardian piece “Paedophiles sell child abuse images …