Homeland Security Committee chairman responds to "Silk Road 2.0"
US Congressmen have called for a more strategic approach to targeting black market dark web sites, after the launch of Silk Road 2.0 today. Senator Tom Carper, chair of the Senate Homeland Security and Governmental Affairs Committee, issued a statement just hours after the reincarnation of Silk Road. "This new website - launched barely a month after Federal agents shut down the original Silk Road -- underscores the inescapable reality that technology is dynamic and ever-evolving and that government policy needs to adapt accordingly," said Carper, whose Committee is heading a formal inquiry....
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The full video of today's Senate Committee on Homeland Security and Governmental Affairs hearing can be viewed here. Even the title of Monday's Senate Committee hearing on bitcoin reflects the overriding concern. "Beyond Silk Road - Potential Threats, Risks, and Promises of Virtual Currency" brings together several speakers from the government, industry, and non-profit sectors to give their opinions to the Senate's Committee on Homeland Security and Governmental Affairs about the potential security risks of the cryptocurrency. Here is a roundup of what to expect from testimony given at the....
The US Senate Committee on Homeland Security and Governmental Affairs has set 18th November as the date for its hearing into bitcoin and other cryptocurrencies. US Senator Tom Carper, chairman of the committee, said last week that the aim of the hearing, titled 'Beyond Silk Road: potential risks, threats, and promises of virtual currencies', is to "dig into what a whole-government approach to this new and unique technology may look like". According to a post on the Bitcoin Talk forum, several people representing bitcoin interests have been invited to testify, including members of the....
With news today that the second iteration of Silk Road has made a debut (with the first version of the site being seized and shut down by federal authorities), a United States congressman has already issued a statement - and it may not be what you would expect. Senator Tom Carper - a democrat from Delaware - who serves on the Senate Homeland Security and Governmental Affairs Committee had this to say: "This new website - launched barely a month after Federal agents shut down the original Silk Road - underscores the inescapable reality that technology is dynamic and ever-evolving and that....
After US authorities identified Bitcoin as a “legal means of exchange” before Congress, the currency hit a high water mark of $750 on the Mt. Gox exchange. The hearing, titled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies” and held by the Senate Homeland Security and Governmental Affairs Committee on November 18 in Washington, was called in the wake of the FBI’s shutting down of the Silk Road. Users of Silk Road, an unregulated online marketplace that allowed mail-order drug deals to flourish, paid in Bitcoin, and this become one of the dominant narratives....
The bitcoin price just hit $300 on Mt. Gox. This is the highest it's ever been. The highest trades at the time of writing have been at $309.99 at 08:45 GMT. Bitcoin prices have been steadily increasing over recent weeks, but have accelerated pace in the last twenty-four hours. Today's price spike follows the discovery of so-called "Silk Road 2.0", a resurrected version of Silk Road that came to light yesterday. Senator Tom Carper, Chairman of the Senate Homeland Security and Governmental Affairs Committee, has already issued a statement stressing the "inescapable reality that technology is....