Weekend Roundup: OKCoin Faces Severe Image Crisis, Ross Ulbricht Gets Life in Prison
John Nash, an iconic mathematician with fundamental contributions in game theory, was killed on May 23, in a car crash with his wife, Alicia. His death has prompted speculation about his possible role in the emergence of Bitcoin. BitGold has acquired Goldmoney.com, a service that allows users to trade and store their assets, currently controlling over CA$1.5 billion worth of precious metals in its facilities. Commenting on the CA$51.9 million deal, BitGold CEO, Roy Sebag, said: "Following his seemingly accidental death, the nature of which poignantly jars with his life spent in pursuit of....
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Convicted Silk Road operator Ross Ulbricht faces life in prison at a sentencing hearing tomorrow in New York. The end of the trial comes more than a year and a half after Ulbricht's legal battle with the US government first began. Ulbricht was found guilty in February of narcotics, computer hacking and conspiracy charges in connection with his operation of the Silk Road black market. As reported by Wired, prosecutors asked the court earlier this week that Ulbricht be given "a lengthy sentence" to dissuade other would-be dark market operators. "The court thus has an opportunity to send a....
It is reasonable to demand that justice be applied equally throughout society. Ross Ulbricht should not die in prison when many powerful criminals live free.
Judge Katherine Forrest. Ross Ulbricht asked last week U. S. District Judge Katherine Forrest to spare him life in prison, admitting the Silk Road website was a "naive and costly idea" that destroyed his future. The 31-year-old Ulbricht expressed his regrets in a letter to Forrest, who is scheduled to sentence him May 29. Ulbricht faces a mandatory minimum 20 years in prison and a maximum of life. "Silk Road was supposed to be about giving people the freedom to make their own choices, to pursue their own happiness, however they individually saw fit," Ulbricht wrote to Forrest. "What it....
Ross Ulbricht, the convicted founder and operator of online black market Silk Road, was sentenced to life in prison yesterday after being found guilty of narcotics and computer hacking charges in February. The severity of the sentencing quickly set off a firestorm of comment and criticism, with debates centering on the alleged hypocrisy of the federal government and the morality of its handling of illicit Internet crime in context of its actions against the traditional financial sector. Such criticisms, however, were interspersed with live drama, as standing outside of a New York....
Here at CryptoCoinsNews we have been following the story of Ross Ulbricht, the alleged leader and criminal mastermind behind Bitcoin-dependent website Silk Road. The website was taken down by federal authorities in 2013, and Ulbricht arrested. The trial is set to begin this week, and the evidence against him has long since been released. Now, the actual charges and potential sentence are revealed, as he looks at life in prison for multiple counts and criminal offenses related to his alleged control of Silk Road. Also read: Judge Rejects Ross Ulbricht's Silk Road Defence On a Technicality.....