The prosecutor for the Silk Road case says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes...
Silk Road News
The Silk Road was a darknet market best known as a platform for selling illegal goods. It operated as a Tor hidden service to exclude traffic monitoring, which was convenient for criminals to deliver their services through the network. Silk Road was launched in February 2011 and already had 10,000 products for sale 70% of which were drugs by March 2013.
Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
Related tags:
- News
- News
by Helen Partz
Danny Scott, CEO of Isle of Man-based BTC exchange CoinCorner, said that Bitcoin is no longer desirable option criminals.
- News
Authorities have arrested alleged Silk Road drug trafficker Hugh Brian Haney per an announcement from a New York district attorney.
- News
by Ana Berman
The Irish High Court has ruled that a convicted man’s crypto, which was discovered after the initial investigation and sentencing, could be confiscated as “proc...
- Analysis
Bitcoin was brought to life in Satoshi Nakamoto’s white paper 10 years ago and Cointelegraph takes a look at the whirlwind decade since its inception.
- Analysis
As Bitcoin celebrates the 10th anniversary of its white paper, Cointelegraph explores the various influences that breathed life into cryptocurrency.
- News
Ross Ulbricht, currently serving a life sentence for his participation in the now-closed Silk Road marketplace, has his sentence review denied by the Supreme Co...
- News
U.S. prosecutors have seized around $17 mln in BTC and other cryptocurrencies from both men, and are also seeking to forfeit the value of a further 4,000 BTC.
- News
Kathryn Haun, a former US federal prosecutor and head of a crypto task force, spoke positively about Bitcoin and Blockchain in a recent interview.
- News
500 BTC ($5.5 mln) to be seized if four people in Ohio are convicted of selling and transferring fake identification documents.
- Analysis
A new study has found that Bitcoin is losing popularity on the Darknet.
- Analysis
Government-issued cryptocurrency seems to be a likely answer for countries that are looking to ban or regulate the likes of Bitcoin.
- Big Brother
Are governments trying to use cryptocurrencies as another reason to spy on us?
- Much Wow
The US Justice Department was finally able to claim the proceeds from the sale of 144,336 Bitcoins sized when they shut down illicit online market, the Silk Roa...
Editor’s Choice
- China Digital Currency ‘Not Seeking Full Data Control’ — Central Bank
- CoinMarketCap Now Provides Crypto Investors With Data on Liquidity
- Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’
- Volvo Adopts Oracle’s Blockchain for Its Supply Chain — Here’s Why
- Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX