The members of the Darknet Markets have become disappointed with Bitcoin. #ANALYSIS
The U.S. Marshals revealed this week it completed the auction that saw the sale of 3,813 bitcoins ($31Mn USD) on January 22. The bitcoins were seized from various civil forfeitures and criminal cases involving U.S. law enforcement agencies like Homeland Security and the Federal Bureau of Investigation (FBI). Also read: Weiss Ratings Defends its Decision to […]
Apathy towards cryptocurrencies came to the fore at the World Economic Forum, and some believe governments will turn to their own centralized cryptocurrencies to contend with Bitcoin. #ANALYSIS
Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall. Also read: US Marshals Plan to […]
The U.S. Marshals announced on January 11 that the agency has plans to have another online bitcoin auction on January 22. The six-hour auction will see the sale of 3,813 bitcoins ($50Mn USD) seized from various criminal cases. Also read: Miami Bitcoin Conference Stops Accepting Bitcoin Due to Fees and Congestion A Six-Hour Online Bitcoin Auction […]
Are governments trying to use cryptocurrencies as another reason to spy on us?
To aging heads of state and conservative bankers, bitcoin is a tool for criminality. To those in the know, nothing could be further from the truth; most bitcoin transactions are for legitimate purposes. Proving this has always been difficult, but a new study adds weight to this argument. Its key finding? Bitcoin hit peak criminality […]
The net worth of Mark Karpeles could run into the hundreds of millions of dollars thanks to a 200,000 stash of bitcoins the disgraced CEO is still sitting on. Those coins are the subject of ongoing legal proceedings in Japan which could see claimants receive less than $500 per coin for their losses. With over […]
Bitcoin enthusiasts will recall an individual going by the name of Shaun Bridges. During the Silk Road investigation, Bridges was one of two US officials who stole bitcoins taken from Ross Ulbricht and his darknet marketplace. In a startling turn of events, Bridges will serve an additional two years in jail for money laundering. The sentence is well-deserved, […]
How many years one should serve for two consecutive thefts of over $13 mln in Bitcoin? Secret agent Shaun Bridges acts as a case.
A former U.S. Secret Service agent has been given an additional prison term for laundering funds seized from the now-defunct dark market Silk Road.
U.S. Attorney General Jeffrey Sessions is concerned about the use of bitcoin by dark markets online.
Most cryptocurrency enthusiasts will recall how the US Justice Department seized over 144,000 BTC during the Silk Road shutdown. Said bitcoins have always belonged to Ross Ulbricht, who argued the money didn’t belong to the DOJ in the first place. Unfortunately, his appeal was rejected, effectively netting the government institution a US$48 million payday. It’s another […]
Ross Ulbricht, of the Silk Road, has given up his claim to $48 mln in seized Bitcoin allowing the feds to cash in – but at a way lower price.
The convicted operator of the Silk Road dark market has given up his claim to over $48 million raised after the sale of more than 144,000 bitcoins.