Silk Road News

Markets

Government Sale of Bitcoin Establishes Fungibility Precedent

The US government's attempts to maximize returns on seized assets may establish all bitcoins to be equal in value.

Policy & regulation  ·  26 June 2014
Crime

Pantera, Binary and SecondMarket Emerge as Silk Road Bitcoin Bidders

Bitcoin-focused investment firms Binary Financial, Pantera and SecondMarket discuss their participation in the upcoming auction of 30,000 seized BTC.

Policy & regulation  ·  19 June 2014
Crime

CONFIRMED: List of Possible Silk Road Bitcoin Bidders Leaked by US Marshals

The US Marshals Service accidentally leaked a list of potential participants in the auction of 30,000 Silk Road bitcoins.

Policy & regulation  ·  18 June 2014
Crime

$18 Million Worth of Silk Road Bitcoin to be Sold By US Government

The US government is to auction off roughly 30,000 bitcoins appropriated from the Silk Road online black market.

Policy & regulation  ·  12 June 2014
Crime

Study: Silk Road May Have Reduced Drug Violence

A new study argues that online drug bazaars, such as Silk Road, can actually reduce drug-related violence.

Policy & regulation  ·  2 June 2014
Hacking

Silk Road 2.0 Claims 80% of Stolen Bitcoin Repaid to Customers

Silk Road 2.0 now estimates all victims who lost bitcoin in its February hack will be repaid by mid-June.

Policy & regulation  ·  28 May 2014
Crime

‘Silk Road’ the Play Seeks Bitcoin Funding for Edinburgh Fringe Debut

Based on the story of the online black market, 'Silk Road', like its online namesake, will be bitcoin funded.

Policy & regulation  ·  20 May 2014
Japan

Japan Makes First Bitcoin-Related Drug Arrest

The Japanese authorities have arrested an alleged drug importer with a penchant for digital currencies.

Policy & regulation  ·  9 May 2014
Crime

How Deep Web Scams Helped Silk Road 2.0 Turn Crisis into Opportunity

Despite recent setbacks, Silk Road 2.0 now lists more items than the original site in its heyday.

Policy & regulation  ·  1 May 2014
Exchanges

Shrem Pleads Not Guilty to Money Laundering Charges

The trial of former Bitcoin Foundation vice chairman Charlie Shrem is now set to begin this September.

Policy & regulation  ·  29 April 2014
Crime

US Government Sells Silk Road User’s Seized Bitcoins for $3 Million

A Silk Road user faces 40 years in prison for allegedly completing 10,000 transactions via the online black market.

Policy & regulation  ·  28 April 2014
Crime

Scams, Hacks and Poor Management: Life After Silk Road

Following Silk Road's demise, some users (and even law enforcement officials) wax nostalgic about the 'original' Dread Pirate Roberts.

Policy & regulation  ·  27 April 2014
Crime

Family: Ross Ulbricht Conviction Would ‘Threaten Internet Freedom’

Kirk and Lyn Ulbricht talk to CoinDesk about their son's case and the threat it poses to free speech.

Policy & regulation  ·  25 April 2014
Hacking

Nearly $500k Sitting Unclaimed in Silk Road 2.0 Bitcoin Wallets

Silk Road 2.0 reports that 1,000 BTC has not been claimed by users affected by its February security breach.

Policy & regulation  ·  23 April 2014
IRS

Ross Ulbricht’s Attorney Cites IRS Guidance in Motion to Dismiss Charges

An attorney defending alleged Silk Road mastermind Ross Ulbricht has moved to dismiss certain charges, citing new IRS guidance.

Policy & regulation  ·  1 April 2014