Calm Down Internet, BTC-e is Not About to Be Shutdown
Picture via www.freestock.ca. Update: BTC-e has increased fees on withdrawals to fiat. Update #2: Looks like we were right for the wrong reasons. The original source for the story is reporting that their website was hacked. A report out of Russia has some of the Bitcoin community worried because it mentions BTC-e and how it could be facilitating money laundering for terrorists. Let's get right to the facts: The report is talking about blocking the BTC-e website in Russia. The website would be blocked under a new Russian law that allows the government to block certain websites associated....
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According to research done by the Digital Citizen’s Alliance, The shutdown of the Silk Road marketplace only temporarily reduced online drug sales. When the Silk Road was shutdown in October of 2013, it looked like a crushing blow against online drug-dealing. At the time, Silk Road accounted for more than 70% of the online drug market, giving users access to basically any illegal items, such ash drugs, weapons, and fake documents. Within months of the Silk Road’s closure, Silk Road 2.0 popped up and was subsequently busted. Two smaller sites — Evolution and Agora — then took up the slack....
According to reports, Sichuan’s Ya’an municipal government has asked Bitcoin miners to shutdown operations in the city. None of the three local sources available at the moment mention how long the crypto mines will remain closed. Chinese crypto media outlet PANews says, Officials from related authorities, including the city’s energy bureau and technology bureau, had […]