• The US government finally claimed $48 million USD earned from the sale of bitcoins seized from Silk Road, the online drug marketplace that was shut down in 2013. It may have taken a couple of years, but the US government finally has their grasp on the money earned from their seizure and shut down of the notorious Silk Road marketplace. The online drug market was shut down in 2013, and the government seized a total

    US Government Nets $48 Million from Sale of Silk Road Bitcoins

    | 2017/10/02 8:15 pm
  • The biggest Dark Web marketplace was seized and shut down through a coordinated law enforcement operation across 3 countries, sending ripples of shock-waves across the Dark Web community. Alphabay Goes Dark Heir to the Silk Road, AlphaBay had long dominated the Dark Web markets but went conspicuously offline about a week ago, prompting a wide range of speculation and conspiracy theories within the Dark Web community. The Wallstreet Journal reported that law enforcement agencies from the U.S., Canada,

    AlphaBay Taken Down, Alleged Administrator Commits Suicide, Dark Web Users Sent Into A Frenzy

    | 2017/07/14 10:00 pm
  • Ross Ulbricht’s defense team has uncovered more proof of evidence tampering in the Silk Road case undermining his life sentence for being convicted as the operator of the Silk Road marketplace.  Evidence Tampering a ‘Travesty of Justice’ Ross Ulbricht’s legal team has announced finding more proof of evidence tampering. A previously unknown copy of the Silk Road forum database clearly shows that someone with access to the site deleted significant portions of evidence, according to Ulbricht’s lawyers.

    New Proof of Evidence Tampering Could Help Free Ross Ulbricht

    | 2016/12/15 4:00 am
  • The fight for Ross Ulbricht’s freedom continues, and it’s gaining some high-profile supporters. Over thirty public figures from around the globe will gather on 4th December, starting 10 PM EST, for the “Free Ross-A-Thon”. Also read: New $1.2m Grant Seeks Bitcoin Protocol Diversity Free Ross-A-Thon is an online conference to support Ulbricht, the defendant in the Silk Road case. Ulbricht was sentenced to life in prison without parole in May, 2015. He is currently appealing

    Celebrities Turn Out to Support Ross Ulbricht Appeal

    | 2016/11/23 5:50 am
  • A Bitfinex bounty, Russia changes its stance on bitcoin, and a rough fate lies ahead for an alleged Silk Road forum operator. Want to catch up on your latest digital currency news? Take a look below. Also read: Industry Report: Bitfinex Forces Customers to Pay for Hack Losses BITFINEX Hong Kong exchange Bitfinex has announced a $3.5 million bounty reserved for anyone who can help in their investigation to uncover the $72 million stolen from

    Industry Report: Big Bounty May Help Bitfinex Get its Money Back

    | 2016/08/15 9:00 am
  • Since our last price piece, bitcoin has gained another two dollars in value and is hovering at around $590 as of press time. While developments surrounding the recent Bitfinex hack may have shaken traders’ confidence in bitcoin, an upcoming Silk Road auction could push the price back over $600. Also read: Is the Bitcoin Price Recovering from the Bitfinex Hack? “Bitcoin price is gradually approaching $600,” one source mentions. “Could advance continue immediately? Possibly, but with a few

    Silk Road Auction Could Help Bitcoin Price Bounce Back

    | 2016/08/11 5:00 am
  • Another Silk Road auction is taking place, Bitfinex is covering its losses, and a new class on Bitcoin is set to begin. Want to catch up on your latest digital currency news? Take a look at the stories below. Also read: Industry Report: News Surrounding Bitfinex Gets Weirder BITFINEX UPDATE Following a massive cyber-hack that took place last week, Hong Kong-based exchange Bitfinex has announced it will cover its losses at the expense of its

    Industry Report: Bitfinex Forces Customers to Pay for Hack Losses

    | 2016/08/10 11:00 pm
  • Charlie Shrem, former CEO of early bitcoin exchange BitInstant, has been released from prison after serving a sentence for money laundering and unlicensed money transmission. Also read: Breakout Gaming Launches Competitive eSports Platform Shrem Released From Prison Shrem announced his release (which actually happened a few weeks ago) in a blog post on his home page, titled “Onward.” In the post, he said he and his partner Courtney were living temporarily in southern Pennsylvania, and that he

    Charlie Shrem Released From Prison, Enjoying the ‘Small Things’

    | 2016/07/19 10:13 pm
  • China loves digital currency, France wants to fight it, and the FBI doesn’t know how to handle it. Want to catch up on your latest digital currency news? Check out the stories below. Also read: Industry Report: Bitcoin Thieves Abound As Popularity Skyrockets CHINA China has proposed a new civil law that recognizes the people’s right to own virtual assets. This includes bitcoin and additional cryptocurrencies. The civil code was introduced in the National People’s Congress

    Industry Report: How China, France, and the FBI Do Bitcoin

    | 2016/07/02 9:00 am
  • Coinbase undergoes some changes, Bitcoin can’t break it’s drug habit, and Silk Road has a heart of gold. Here’s what you might have missed in this week’s cryptocurrency news: Also read: Industry Report: Bitcoin Hears Thunder, Ethereum’s Biggest Crowdsale, Kaspersky Kills Crime COINBASE Bitcoin exchange Coinbase is changing its name to Global Digital Asset Exchange (GDAX) after announcing support for Ether trading on its platform. Why is Ether suddenly all the rage? Recently, Ethereum has

    Industry Report: Bitcoin Is Still on Drugs, No Detox in Sight

    | 2016/05/22 6:00 am
  • In a very surprising turn of events, it turns out Silk Road 3.0 is back online after a lengthy absence. Several new security upgrades have been implemented, and the overall design has been changed as well. However, the people running the platform are still the same, by the look of things. Also read: Bitcoiners Starting to Appear in Panama Papers Leaks Silk Road 3.0 Comes To Life Again The name Silk Road is entwined with

    Bitcoin Deep Web Marketplace Silk Road 3.0 Is Back

    | 2016/05/13 9:05 am
  • The end of an era has been reached. The final Silk Road bitcoin auction took place on Thursday, November 5th and unfortunately, the results couldn’t be more disappointing. Also read: The Final Silk Road Bitcoin Auction Has Occurred Much like “Lost,” “Dexter” and “The X-Files,” this exciting series administered and organized by the US Marshals Service (USMS) has delivered a real flop for its finale, with a mere eleven participants placing bets and going through

    The Final Silk Road Auction: Part II

    | 2015/11/07 8:00 am