Silk Road

Nearly $1 billion worth of bitcoins connected to the illegal darknet website “Silk Road” are on the move, according to blockchain tracker Elliptic, Bloomberg reported Tuesday. What Happened: 69,369 bitcoins were moved out of a wallet linked to the Ross William Ulbricht-run website that...

Vaping is becoming an increasingly popular activity in the U.S. According to a recent Gallup poll, one in five Americans under the age of 30 vapes at least occasionally, although this number is much smaller among older people. In 2015, an Ipsos/Reuters poll of 5,769 adults showed that at least...

Two of the largest marketplaces on the dark net are now no more. This week, U.S. and European officials announced they have shut down both AlphaBay and Hansa Market, two of the largest online black markets in the world. The dark net is a concealed part of the internet that users access via special...

After all the bravado about bringing China down to its knees, President Donald Trump seems to be warming to the idea of putting up with the Dragon nation in order to maintain global order. The telling proof for the changed stance came from the set of trade deals signed between the world's...

The Bitcoin Foundation was launched in 2012 as a way to provide legitimacy to bitcoin and cryptocurrencies at a time when they were relatively unknown. For two years, the foundation worked to lobby lawmakers, create public awareness and help bitcoin technology advance with the changing times....

The Silk Road trials brought to light bitcoin's involvement in the dark web, a shady corner of the Internet where illegal transactions are carried out. While the ring was broken up by police investigators, the stigma that bitcoin has become a currency for criminals stuck with the...

Dubbed "Bitcoin's First Felon" by the press, Charlie Shrem was locked up this week to complete a two year sentence for his involvement in the Silk Road online black market. Shem landed himself in prison for knowingly selling bitcoins to users of the site, but he says his sentence...

On Monday, two federal agents involved in the undercover investigation of the bitcoin-based black market, Silk Road, were charged with several offenses including wire fraud and money laundering. The agents, Carl Force and Shaun Bridges appear to have used their roles as undercover officers to...

Digital currencies have earned a bad reputation over the past year as scams and illegal activities dominated the news coverage surrounding cryptocurrencies. From the mysterious collapse of the Mt. Gox exchange to the Silk Road trial, consumers have become increasingly apprehensive about using...

Silk Road, the anonymous internet marketplace mostly used for sale of illegal drugs, reopened its doors on Wednesday --  just a month after its shutdown by U.S. law enforcement. According to the site's new administrator,  the new Silk Road improves upon the old version with more secure identity...

‘Silk Road’ was an online underground black market where thousands of drug dealers and hitmen offered their products and services.  This Wednesday, the site went down and displayed the banner posted by the Justice Department, FBI, IRS, DEA and Homeland Security, which stated: “This hidden site...