Tag: silk road

Nov 12 2022

The Week in Crypto – Silk Road, LBRY and FTX

Nov 12 2022 Published at FullyCrypto under tags  cryptocurrency news ftx nft silk road

Reading Time: 2 minutesNo need. Let’s get into it. No. 3 - LBRY Loses SEC Lawsuit Decentralized media platform LBRY this week lost its lawsuit against the Securities and Exchange Commission (SEC),...

Nov 08 2022

IRS Reveals $3.36 Billion Haul Seized From Silk Road Hacker

Reading Time: 2 minutes The IRS last year seized $3.36 billion worth of bitcoin from a Silk Road hacker The seizure, publicized yesterday, is the biggest value currency grab in U.S. history The U.S. government now owns 1% of all the bitcoin ever mined The...

US Seizes $3.6 Billion worth of Bitcoins Linked to Silk Road

The United States law enforcement authorities have seized over 50,676 Bitcoins that were stolen from the notorious dark web marketplace, Silk Road, in 2012. The current market value of the seized Bitcoins is more than $1 billion, while the cryptos were worth over $3.36...

Nov 07 2022

The U.S. Government Has Over $4.4B in Bitcoin It Could Dump Anytime

Nov 07 2022 Published at Crypto Briefing under tags  analysis bitcoin doj silk road

Over the last few years, the United States government has become one of the largest Bitcoin whales simply by seizing illegally obtained funds. Eventually, it will probably seek to liquidate...

Silk Road Saga: US Authorities Seize $3.36 Billion In Bitcoin From James Zhong

Summary: U.S. prosecutors seized over 50,000 Bitcoin (BTC) from a defendant in connection to the Silk Road, a dark web marketplace created by Ross William Ulbricht in 2011. Monday’s official statement from the U.S. Justice Department said authorities discovered around 50,676 BTC on November 9, 2021, after searching the Georgia residence of James Zhong. Crypto’s leading digital token BTC set a new $68,000...

Nov 04 2022

Silk Road Was The Darknet Market Testing Ground For Bitcoin

Silk Road showed people that bitcoin could be effectively used as a medium of exchange on an open marketplace.This is an opinion editorial by Jacob Kozhipatt, a YouTuber and writer.For the uninitiated, The Silk Road was a darknet marketplace where users bought and sold all manner of products, including those considered illegal...

Oct 05 2022

While Others Go Free, Ross Ulbricht Faces Excessive Prison Time

Oct 05 2022 Published at Bitcoin Magazine under tags  courts free ross legal opinion prison

It is reasonable to demand that justice be applied equally throughout society. Ross Ulbricht should not die in prison when many powerful criminals live free.This is an opinion editorial by Peter McCormack, a podcaster and filmmaker, the host of “What Bitcoin Did” and chairman of Real Bedford FC.Over seven years ago, Ross Ulbricht was handed a double life sentence plus 40...

Oct 04 2022

9 Years After Ross Ulbricht’s Arrest & Silk Road’s Closing, How’s Bitcoin Doing?

The story of Silk Road and its creator Ross Ulbricht are inextricably linked to bitcoin’s history. In February 2011, the dark web black market was one of the first web stores to go bitcoin-only, providing an undeniable use case for the bitcoin network as a payment rail. On the other hand, the Silk Road stained bitcoin by linking it to drugs and other...

Oct 01 2022

Block By Block: Facing Life In Prison, Bitcoin’s Resilience Inspires Me

“Through the rise and fall of Silk Road, through the relentless years of my incarceration … Bitcoin keeps going.”This is an opinion editorial by Ross Ulbricht, the founder of pioneering Bitcoin marketplace Silk Road, who is currently serving a double life sentence plus 40 years in federal prison.Much more is being said about Bitcoin these days than when I was put...

A Decade Later, Ross Ulbricht’s Silk Road Sentencing Demonstrates The Government’s Fear Of Bitcoin

Silk Road Founder Ross Ulbricht’s excessive 2013 sentencing betrays the U.S. government’s fear of Bitcoin and dollar competition.This is an opinion editorial by Aaron Daniel, an appellate attorney and author of “The Bitcoin Brief," and William D. Mueller, an appellate attorney with a nationwide practice.Following a multi-week trial in Manhattan’s United States District...

Jun 17 2022

Bitcoin Is Losing Favor On Darknet Markets

A deep dive into how Bitcoin’s lack of privacy and, by extension, its insufficient fungibility has led to its loss of market share in darknet markets.If you wanted to buy contraband online in the last five years or so, you may have noticed that the option to pay in bitcoin — once the most popular form of payment on darknet markets —...

Apr 24 2022

Quits? Ross Ulbricht Agrees To Pay U.S. Gov’t Using $3 Billion In Stolen Bitcoins

If Silk Road (Ross Ulbricht?) rings a bell then you might have heard about the dark web marketplace where you can buy the craziest stuff that you won’t find in "normal" stores or elsewhere because it’s illegal. The Silk Road marketplace is dubbed to be the first-ever dark web bazaar that sells illegal items online back in 2011....

Apr 22 2022

Bitcoin Seized from Silk Road to Pay Ross Ulbricht’s $183M Debt to the US Govt.

Summary: Silk Road's creator Ross Ulbricht will have his debt to the US government wiped off He owes the US Government $183 million, and it will be paid for using $3 Billion in Bitcoin connected to another unnamed Silk Road hacker The figure he owed the government was the amount he was ordered by the courts to pay in restitution for illegal sales...

Apr 06 2022

Bitcoin Pioneer Ross Ulbricht Auctioning Original Artwork, NFT Created In Prison

Ross Ulbricht, founder of darknet bitcoin marketplace Silk Road, is auctioning a series of art created while serving his life sentence.Ross Ulbricht, the former operator of early darknet bitcoin marketplace Silk Road, will be auctioning a collection of four original oil paintings and an animation consisting of 318 hand-drawn frames at Bitcoin 2022. He created the series, called “The Growth Collection,” as...

Apr 05 2022

Mar 28 2022

Breaking : Silk Road’s Ross Ulbricht To Unroll NFT Market Collection

Mar 28 2022 Published at Coingape under tags  news nft nft marketplace nft news ross ulbricht

Bitcoin 2022 Conference is billed to be the biggest Bitcoin gathering to date. One of its side attractions will be the auctioning of the art collection of Ross Ulbricht, the...

Mar 16 2022

Indian Investigators Stole Crypto From Their Own Investigation

Reading Time: 2 minutes Two Indian crypto investigators have been arrested for stealing funds from the suspects’ wallet Ravindra Patil and Pankaj Ghode were supposed to be helping police investigate a crypto fraud The incident bears a strong resemblance to the agents...

Jan 06 2022

Bitcoin Equals Freedom

Silk Road darknet marketplace founder Ross Ulbricht explains how bitcoin derives its value from the freedom it enables.An earlier version of this article was published on Medium on September 25, 2019.Something special happened in the first year or so after Satoshi gave us Bitcoin, something no one expected and many thought was impossible. Try to imagine Bitcoin back then, before you...

Dec 20 2021

Federal Court Dismisses Lawsuit From Silk Road Founder, Bitcoin Pioneer Ross Ulbricht

A federal court has dismissed a religious rights lawsuit filed by Silk Road founder Ross Ulbricht, who is seeking closer communication with his family.A federal court in Arizona has dismissed a religious rights lawsuit filed in May by convicted Silk Road founder Ross Ulbricht against the Federal Bureau of Prisons, according to...

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