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Silk Path Founder Arrested While Bitcoins Plummet

Montag, Februar 10th, 2020

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins have been in the news, between the closed down of Silk Road,a plummet in exchange rates, and a new site that is live-streaming.

It’s been quite a week for Bitcoins into the news; a triple whammy, actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by his handle ‚Dread Pirate Roberts‘, but apparently known to the feds a little more intimately as Ross William Ulbricht- and also the seizure and power down of this Silk Road web site itself. Silk path had been an exclusively Bitcoin site that is gambling well-known to many being an available marketplace for illegal free indian dreaming slot games drugs and much more; the site’s just under a million registered users were often money launderers, according to the arrest warrant.

‚Based on my training and experience, Silk Road has emerged as the most advanced and extensive unlawful marketplace on the world wide web today,‘ FBI Special Agent Christopher Tarbell noted into the issue. Tarbell added that in the past 2 1/2 years, Silk path generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, often for things as macabre as hiring hitmen, searching for computer hackers or buying weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile merely a few times after the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, if the rates for the currency that is digital from $139 per Bitcoin to $109.71 per Bitcoin in just under three hours. (mehr …)