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News Updates

Bitcoin News Roundup – 31Jan. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Same FUD – Bitcoin may be used for the funding and recruiting of the Islamic State, globally known as ISIS, in the United States.According to RT, the Israeli newspaper Haaretz quoted an Israeli analyst who claims that he has uncovered “concrete evidence” in an ISIS website that bitcoins are used ... Read More »

Bitcoin News Roundup – 24Jan. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Following Ross Ulbricht’s trial that started last week, Robert M. Faiella, a bitcoin trader known as “BTCKing” faces four years in prison for his liaisons to Silk Road 2.0 marketplace. As Nick Marinoff of NewsBtc writes, Faiella was exchanging legal currency for bitcoinsto purchase drugs from the illegal online marketplace. Additionally, ... Read More »

Excerpts From Ross Ulbricht’s 2013 Journal

All Excerpts by Gwern – (Source: Reddit)  – The full document is available at the bottom of this post: More articles about the Silk road trial at this tag: #SilkRoadTrial Many other Evidence – Documents, Chat Logs & Records 03/24/2013 been slowly raising the cost of hedging orgainzed local files and notes 03/25/2013 server was ddosed, meaning someone knew the ... Read More »

BTCking: Sentenced To 4 Years in Prison

Robert M. Faiella – who was a vendor on Silk road known as BTCking, was sentenced to four years in prison for knowingly transmitting nearly $1 million in Bitcoins intended to facilitate drug trafficking on Silk Road with the knowledge and active assistance of Charles Shrem, the Chief Executive Officer of BitInstant – who was sentenced to two years in ... Read More »

Dark Net Bust: Man Indicted For Attempting to Acquire Ricin

Cheng  Le was arrested on Dec. 23, 2014, by the FBI in Manhattan and indicted for attempting to acquire and distribute ricin and committing postal fraud. Its not clear from the documents which market it was – as its being referred to only as “Black Market-1”.  The Official release from Jusctive.gov: Assistant Attorney General for National Security John P. Carlin, ... Read More »

Silk Road 2.0 Moderator DoctorClu Arrested

26-year-old Brian Richard Farrell who allegedly went by the name “DoctorClu” – one of Silk Road’s 2.0 most well known moderators, was arrested and charged with conspiracy to distribute heroin, methamphetamine and cocaine. According to the seattletimes: Federal agents have arrested a Bellevue man accused of assisting in the management of the so-called “Silk Road 2.0″ website, an illicit Internet market ... Read More »

Mark Karpeles

Ulbricht: Day two Onwards & The Alleged Mt. Gox Connection

More articles about the Silk road trial at this tag: #SilkRoadTrial There’s no getting past it – Its been an interesting few days in the Pearl Street, with the trial of Ross William Ulbricht now well under way, and a few more bombshells being dropped inside the court room, and a couple of potential revelations outside of it. “Cirrus” was ... Read More »

Swiss Police Seize Bot Used To Buy Drugs On The Deep Web

Recently many reports appeared about An automated bot called the “Random Darknet Shopper” that was programmed to buy random products from the Dark Net Markets (From Agora, if to be more accurate) as part of an art exhibit in Switzerland. Once a week the bot went on a shopping spree on the Agora marketplace buying random products, some of which ... Read More »

Bitcoin News Roundup – 17Jan. 2015

Recapping the week’s biggest Bitcoins stories from around the web. The Ross Ulbricht trialbegan on Tuesday in New York. Ulbricht was arrested in October 2013 and was charged with drug trafficking, criminal enterprise, distribution of drugs over the internet, computer hacking and money laundering.As Nicky Woolf of The Guardian writes, the indictment for Silk Road’s owner and manager refers to reaping ... Read More »

Bitcoin Sites Blocked by Russia in Avoidance of Shadow Economy Rise

The recent ban of bitcoin-related sites from Russia has raised great distress in the country. The court decision has been based on the contribution of bitcoin to shadow economy, even though there has been no direct warning of the legislation becoming effective. The crisis of Russia’s currency, the ruble, is most likely linked to the decision. Roskomnadzor is the Federal ... Read More »

Israeli Teen Arrested For Selling Drugs Bought On The DarkNet

According to the Israeli news site Walla.co.il, A package that raised suspicion at the ben-gurion airport customs was searched and found to contain Hundreds of grams of marijuana, the packaged was addressed to an 18 years old who was arrested and (apparently) admitted of receiving at least 10 other packages of various drugs. The suspect claimed that he learned how ... Read More »

Game Day For Ross Ulbricht and The New Frontier

More articles about the Silk road trial at this tag: #SilkRoadTrial Today’s the day the Dark Market community has been waiting for, for some time. The full weight of the federal evidence gather apparatus and prosecutorial machine has been brought to bear on a man who, it is alleged, dared to bite his thumb at the system, and with motions ... Read More »