U.S. transfers $2b in Bitcoin from Silk Road to Coinbase
The U.S. government has kicked up a storm by transferring a whopping $2 billion worth of Bitcoin, originally nabbed from the notorious Silk Road, over to Coinbase. This transaction is a massive wave making its way through the crypto community, and here’s the lowdown on how it went down. Let’s cut to the chase. We’re […]
Bitcoin Stands Strong Amid Government, Silk Road BTC Liquidation
Bitcoin prices staged a massive bounce to a whopping $66.5K even with the much-anticipated United States government sale of approximately $133 million worth of 2,000 BTC that was seized from the now-defunct online black market platform called: The Silk The sale was a major deal involving over 30,000 BTC (over $2 billion). So, the consequences […]
U.S. to auction off $130m in Bitcoin seized from Silk Road
Buckle up, folks, because the U.S. is rolling up its sleeves to dive into the digital treasure trove of the century. We’re talking about a whopping $130 million in Bitcoin, not just any Bitcoin, but ones with a backstory darker than your favorite espresso. Seized from the underbelly of the internet, the infamous Silk Road, […]
Police finally apprehend 50,000 Bitcoin Silk Road thief
The Bitcoin use in Silk Road opened up the crypto industry to regulatory fights that tie digital assets with illegal activities such as funding wars, terrorism, and drug trade. The crypto market is full of risks, and among them are cybercrimes and fraud cases. Since their inception, the digital world has grown, and this has […]
Silk Road Founder Marks 10 Years in Prison Amidst Calls for Clemency
Ross Ulbricht, the founder of the now-defunct online black market Silk Road, marked a significant milestone – a full decade spent in prison. The 2013 sentencing by United States authorities handed him a double life sentence, along with an additional forty years, leaving no possibility of parole. In a recent message on a social platform, […]
Why is the crypto market down today? The CPI data aftermath
After a slight decline yesterday, both the Bitcoin (BTC) price and the crypto market cap displayed bearish indications. The current Bitcoin price, according to CoinMarketCap, is $30,595.80. B TC has a 24-hour trading volume of $14,855,555.780 million. In the past twenty-four hours, Bitcoin has declined by 0.33 percent. According to CoinGecko, the current global crypto […]
U.S. government moves $300 million in Bitcoin seized from Silk Road
Two wallets linked to the U.S. government, associated with the infamous Silk Road seizure, have caught the attention of crypto watchers as they shuffled around over $300 million in Bitcoin across three transactions on Wednesday. Notably, Bitcoin’s price fell to $30,480 following the transactions. According to on-chain data, the government-controlled wallets conducted transactions involving a […]
What’s the reality of crypto in crime? 2023 market outlook
Crypto crime is at an all time high. As technology advances, so do the ways in which criminals operate. Digital assets have become increasingly popular among criminals due to their anonymity and lack of regulation. However, this has led to increased scrutiny from law enforcement agencies and government bodies. The use of cryptocurrencies in crime […]
Binance debunks myths about crypto’s use by criminals
Binance, one of the world’s leading crypto exchanges, has recently debunked the myth that cryptocurrencies are mainly used by criminals. While it is true that some criminals have used crypto to facilitate illegal activities, such as money laundering, terrorism financing, and drug trafficking, the vast majority of crypto transactions are legitimate. Binance takes on illegal […]
US government to liquidate over 41k BTC connected to Silk Road
The United States government is in the process of liquidating more than 41,000 Bitcoin seized as part of their case against Silk Road creator Ross Ulbricht. A filing with the U.S. District Court for the Southern District of New York on March 31 showed that authorities had begun liquidating the remaining 51,352 BTC seized from […]
US authorities reveal details linked to $3.36 billion worth of bitcoin fraud
According to a report released on Monday by the Department of Justice (DOJ), the dark web marketplace Silk Road was connected to more than $3.36 billion worth of Bitcoin. Through the wallet addresses identified by investigators, the man who the Department of Justice claimed pleaded guilty to stealing around 50,676 bitcoins is connected to a […]
