Silk Path Founder Arrested While Bitcoins Plummet

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins have been in the news, between the shut down of Silk Road,a plummet in exchange rates, and a new site that is live-streaming.

It’s been a serious week for Bitcoins in the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by his handle ‚Dread Pirate Roberts‘, but apparently understood to the feds only a little more intimately as Ross William Ulbricht- while the seizure and turn off of the Silk Road site itself. Silk Road had been an exclusively Bitcoin gambling site, well-known to many as an available market for illegal drugs and more; the site’s just below a million registered users were frequently money launderers, in line with the arrest warrant.

‚Based on my training and experience, Silk Road has emerged as probably the most sophisticated and extensive marketplace that is criminal the online world today,‘ FBI Special Agent Christopher Tarbell noted within the issue. Tarbell added that into the past 2 1/2 years, Silk path generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, frequently for things as macabre as employing hitmen, looking for computer hackers or purchasing illegal tools.

Major Rate Volatility Ensues

Meanwhile only a few times following the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, as soon as the rates for the currency that is digital from $139 per Bitcoin to $109.71 per Bitcoin in just under three hours. Pokračovat ve čtení „Silk Path Founder Arrested While Bitcoins Plummet“