Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet

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The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and it’s also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in…

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

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Almost $800 million worth of Bitcoin and Bitcoin Cash has been withdrawn from wallets associated with defunct cryptocurrency “black market” Silk Road marketplace and linked to Silk Road owner Ross “Dread Pirate Roberts” Ulbricht, signaling a potential large-scale Bitcoin market dump. The Silk Road-related cryptocurrency wallet activity, first observed by cryptocurrency community members on Aug.…

Supreme Court Will Not Reconsider Ross Ulbricht’s Life Sentence

Supreme Court Will Not Reconsider Ross Ulbricht’s Life Sentence

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On June 28, 2018, the US Supreme Court revealed it would not re-evaluate Ross Ulbricht’s court case and double life sentence tied to his charges of operating the Silk Road marketplace. Ulbricht’s legal team and family were hoping the recent Carpenter Vs. US Supreme Court case would spur court officials to reconsider Ulbricht’s conviction. However,…

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

Bitcoin Funded Silk Road Performance Earns a Residency at Trafalgar Studios

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Last December news.Bitcoin.com reported on the theatrical version of people using the deep web in a play called the “Silk Road: How to Buy Drugs Online.” Since then the play got rave reviews after appearing at the world-famous Edinburgh Fringe and the Vault festival. Now due to the show’s popularity, the performance is hosting the…

London Authorities Seize $700,000 in Bitcoin from Cybercriminal

London Authorities Seize $700,000 in Bitcoin from Cybercriminal

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Cybercrime is becoming a significant issue in today’s technological society. Moreover, cybercriminals are starting to use cryptocurrencies to launder their money. Although many cybercriminals feel as though they operate with impunity, that’s not the case. Last year, Scotland Yard arrested Grant West and authorized seized  $700,000 worth of Bitcoin. Related Story: New Study Highlights Cryptocurrency’s Role…