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Silk Road Founder Arrested While Bitcoins Plummet



Bitcoins come 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 significant week for Bitcoins in the news; a triple whammy, 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 known to the feds only a little more intimately as Ross William Ulbricht- plus the seizure and shut down of this Silk Road web site itself. Silk Road had been an exclusively Bitcoin site that is gambling well-known to numerous being an available market for illegal drugs and more; the site’s slightly below a million registered users were usually cash launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as probably the most advanced and extensive unlawful marketplace on the online world today,’ FBI Special Agent Christopher Tarbell noted into the complaint. Tarbell added that within the past 2 1/2 years, Silk Road generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, usually for things as macabre as hiring hitmen, seeking out computer hackers or buying weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile only a few times after the shut down of the site by the feds and the arrest of Ulbricht Bitcoins themselves went through some Cat-5 volatility, whenever rates f Sigue leyendo