Tag: silk road

Fixing The Public Perception of Bitcoin With The Blockchain Buzzword

Bitcoin is struggling on the front of public relations, as many people around the world see the popular digital currency as a payment method used only by criminals on the Internet. Over the course of the past six years, Bitcoin has moved on from being a niche product to something that will change the world of finance forever. However, changing the public perception will be quite difficult, and take time …
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Former U.S. Secret Service agent sentenced to prison, following his involvement in the Silk Road scandal

The Silk Road scandal is far from being over, considering the fact that today, a former U.S. Secret Service agent was sentenced to six years in prison, and a $1.1 million fine. Based on recent reports, Shaun W. Bridges, who pleaded guilty to money laundering and obstruction of justice charges, was also sentenced in a separate court, to three years of supervised release, once his initial prison term ends. For …
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Silk Road undercover agent on trial for stealing Bitcoin

We’re all aware of the fact that not all agents, detectives and prosecutors are just. Chances are that you’ve already heard about the Silk Road investigation, upon one of the dark web’s most powerful drug-selling sites which operated in the US and in other countries from all around the world as well. After Ross Ulbricht, the person running Silk Road was jailed for life, an interesting report about a former …
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Silk Road Founder Convicted Through Bitcoin Analysis

While Bitcoin is most probably the cryptocurrency of the future, thanks to its wide array of benefits, it also has times when it behaves like an actual currency. With this in mind, Bitcoin recently played an important role in determining whether a crime was committed or not. Ross Ulbricht, who is one of the few people who had the possibility to run Silk Road, was recently arrested on drug trafficking charges. …
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