Bitcoinist Weekly News Re-Hash: Bitcoin Pushes $400, Silk Road Mentor Arrested
We had yet another exciting week in the Bitcoin markets, with the price pushing ever-closer to the $400 mark. This week, the price moved into the $390s, and closed the week out in the mid $380s, making for an overall gain of 3.07%. The week started on November 30, 2015 with the Bitcoin price sitting at $375.18, maintaining the gains achieved late last week. This price range held for most of the day, hovering in the mid $370s, aside from two fluctuations. At 3 AM, the price spiked to $383, and dipped to $367.11 at 9 AM. In Monday’s news, two interesting stories came across our desk. We....
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Four men in the UK have been arrested over their alleged roles in the online marketplace Silk Road. One of the suspects is in his 50s and from Devon while the others are in their early 20s and are from Manchester. They were detained by officers of the new National Crime Agency (NCA) shortly after the FBI arrested Ross Ulbricht - the suspected creator of Silk Road. The NCA has warned that other people in the UK suspected of being "significant users" of Silk Road will be arrested over the coming weeks. Keith Bristow, director general at the NCA, said: "These arrests send a clear message to....
Very shortly following the closing of the Silk Road bitcoin drug marketplace, another sprouted up - aptly named Silk Road 2.0. The second iteration was, for the most part, a copy of the first, but with added security measures. Now, reports are circulating that several involved with Silk Road 2.0 have been apprehended by law enforcement and are in custody. One of them, (Gary Davis) nicknamed Libertas, was based in Ireland, and was arrested by the Garda Siochana (Irish Police). Another, Michael Jones (nicknamed Inigo), was arrested by the FBI in the state of Virginia. Peter Phillip Nash....
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (2 November - 9 November), Silk Road 2.0 and various other similar services were taken down by the FBI, bitcoin tipping app ChangeTip went viral, the bitcoin price has been on the rise, and more. Keep scrolling for this week's top stories. Also read: Bitcoin News in Review: SEC, Bitcoin Price, Hacks, and More. Silk Road 2.0 Shut Down. Exactly one year after it went live, Silk Road 2.0 was shut down by the FBI and Europol this week on November 6th. The....
Silk Road 2.0 has reimbursed over half its users since the February heist and has no plans to stop. It seems like Silk Road is far more resilient than most people thought. Back in May 2013, Silk Road went down due to a sustained DDoS attack, but site admins were soon able to restore the service. Then in October 2013, the United States FBI shut down the illegal online drug marketplace and arrested the site's owner - Ross Ulbricht, formerly only known as “Dread Pirate Roberts”. Many Silk Road users feared that the site was gone for good, but on 6 November 2013, site admins launched “Silk....
A U.S. Justice Department press release reports that the infamous architect from the original Silk Road was arrested in Thailand December 3, 2015. Roger Thomas Clark otherwise known as “Variety Jones” and other aliases was taken into custody with unsealed charges coming from New York State. The press release claims Clark was caught by authorities in Thailand where he was allegedly hiding out. The report explains: The complaints against Clark suggest that he was the mentor behind the accused Ross Ulbricht aka Dread Pirate Roberts (DPR) and was ultimately the designer of the marketplace....