
Bitcoins have been in the news, between the closed down of Silk Road,a plummet in exchange rates, and a new live-streaming site.
It’s been quite a week for Bitcoins into the news; a whammy that is triple actually.
First, there was the arrest by the FBI of Silk Road’s founder known online only by their handle ‘Dread Pirate Roberts’, but evidently understood to the feds a little more intimately as Ross William Ulbricht- plus the seizure and shut down of the Silk Road site itself. Silk path had been an exclusively Bitcoin site that is gambling well-known to many being an open marketplace for illegal drugs and more; the web site’s slightly below a million registered users were often cash launderers, based on the arrest warrant.
‘Based on my training and experience, Silk Road has emerged as probably the most advanced and extensive marketplace that is criminal the net today,’ FBI Special Agent Christopher Tarbell noted into the problem. Tarbell added that within the past 2 1/2 years, Silk path generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, usually for things as macabre as hiring hitmen, searching for computer hackers or buying illegal tools.
Major Rate Volatility Ensues
Meanwhile just a few days after the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins themselves went through some Cat-5 volatility, if the rates for the currency that Continue reading
