07 Jul '13, 2pm

Federal authorities seized #Bitcoin in Drug bust #Security

Federal authorities seized #Bitcoin in Drug bust #Security

are a digital currency that function like Internet cash. Believed to be the first of its kind, Federal authorities have seized seized 11.02 Bitcoins worth $814 from 31-year-old Eric Daniel Hughes for allegedly drug law violation with possible links to a shadowy online black market. Bitcoins themselves do not provide anonymity guarantees, but their design makes it possible for transactions to be much harder to trace than traditional payment systems like credit cards . But the virtual currency has no backing of any government and is highly volatile. The search of his apartment also uncovered digital scales, a small amount of marijuana, various white powders and pills, computer equipment, a loaded pistol and other items, a police

Full article: http://news.thehackernews.com/federal-authorities-seized-...

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postandcourier.com 07 Jul '13, 1pm

In a case believed to be the first of its kind, federal authorities have seized a Charleston man's virtual currency due to...

The (apparently) first #bitcoin seizure for dru...

postandcourier.com 08 Jul '13, 2am

In a case believed to be the first of its kind, federal authorities have seized a Charleston man's virtual currency due to...

DEA agents seize 11.02 bitcoin in alleged drug ...

postandcourier.com 07 Jul '13, 5pm

In a case believed to be the first of its kind, federal authorities have seized a Charleston man's virtual currency due to...

First ever Bitcoin bust: Feds seize electronic currency 'in connection to ... - Daily Mail #bitcoin

First ever Bitcoin bust: Feds seize electronic ...

dailymail.co.uk 07 Jul '13, 8pm

Dubbed by some as the 'eBay of drugs,' Silk Road is an online, peer-to-peer marketplace for every drug imaginable. Instead...

Is the DEA closing in on online drug marketplace Silk Road? via @dailydot

Is the DEA closing in on online drug marketplac...

dailydot.com 08 Jul '13, 6pm

As the case of the U.S. Drug Enforcement Agency’s first seizure of Bitcoins unfolds, the future looks bleak for the contro...

Singapore's Online News Control Worries U.S. Au...

fastcompany.com 09 Jul '13, 11am

Singaporean authorities recently implemented their plans to strictly regulate online news in the city-state, demanding tha...

The DEA Just Seized 11 Bitcoins - Motherboard (blog) #bitcoin

The DEA Just Seized 11 Bitcoins - Motherboard (...

motherboard.vice.com 25 Jun '13, 4pm

That comes out to $814.22 USD. Hardly staggering. But the Drug Enforcement Administration can nevertheless carve another n...