R3 Isn't The Conspiracy You Think
While I sat in the room at Inside Bitcoins San Diego, Patrick Byrne mentioned how he had tried to join R3 but had problems, basically, getting in touch with the people there. Someone in the audience said they could help out. Byrne had expressed suspicion at R3’s intentions. He proposed that, perhaps, banks were trying to slow Bitcoin down. News outlets ran with it. Conspiracy gets good internet traffic. He’s wrong. They’re wrong. Here’s why. For one, the financial industry sector is massive. Bitcoin is barely a blip on the radar compared to this multi-trillion dollar industry. Competitor?....
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Prosecutors has brought up new charges in against the accused Silk Road creator (also known as Dread Pirate Roberts) Ross Ulbricht, who was arrested late last year for running allegedly running a web service that allowed online users to purchase narcotics and other illicit items using the bitcoin digital currency. As of Thursday, a new indictment was filed against Ulbricht, adding narcotics trafficking charges, distribution of narcotics via the Internet, and conspiracy to traffic in fraudulent identification documents. Specifically, these charges accuses Ulbricht of assisting in the....
Mike Hearn has penned a new post as a follow-up to his much-discussed and debated public farewell to Bitcoin. The world’s media went critical, thermo-nuclear critical, when Mike Hearn – a former core developer in the open-source project that is Bitcoin, deemed it a ‘failed experiment’ and revealed he was done with the cryptocurrency. Hearn’s declaration resulted in massive coverage that was predominantly negative and dismissive of bitcoin, using a former core developer’s words to aid the overall narrative. The widespread attention, negative or otherwise was predictable. So too were....
A team of federal law enforcement officials in New York have announced the unsealing of charges against Roger Thomas Clark, a senior adviser to Silk Road operator Ross Ulbricht. According to the unsealed charges, Clark was a close confidante to Ulbricht and advised him on all aspects of Silk Road operations. Clark, arrested on Dec. 3, 2015 in Thailand, is pending extradition to the U. S. In announcing the charges, Preet Bharara, the U. S. Attorney for the Southern District of New York, said Clark served as a trusted confidante to Ulbricht and advised him on how to maximize profits and use....
The Silk Road, the largest black market site on the Tor network, has been shut down by the United States' Federal Bureau of Investigation, and its alleged owner, Ross William Ulbrecht, arrested in San Francisco and charged with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. With the closure of the site, the FBI has also made the largest seizure of bitcoins, or indeed Bitcoin-related funds, to date: 26000 BTC, or $3.6 million. Ross Ulbricht appears to have a public LinkedIn profile, where he describes himself as an "investment adviser and....
Ross Ulbricht, the alleged mastermind behind the only online drug marketplace, has been convicted of running Silk Road under the name Dread Pirate Roberts. He faces life in prison. Ross Ulbricht, 30, who refused to testify in his own defense, was convicted of all seven crimes he was charged with, including including trafficking drugs on the Internet, narcotics-trafficking conspiracy, running a continuing criminal enterprise, computer-hacking conspiracy and money-laundering conspiracy. The verdict came after little more than three hours of deliberations from the jury. The jury consisted of....