02 Oct '13, 9pm

Bitcoin plunges 33% after Silk Road bust

The price of Bitcoins listed on the Bitstamp Ltd. exchange plunged as much as 33 percent after charges were unsealed for the operator of an online marketplace for drugs and other illicit goods. Ross William Ulbricht, who runs the “Silk Road Hidden Website” was charged in federal court in New York today for running a “sprawling black-market bazaar” where anonymous users conducted transactions with Bitcoins. Bitcoins exist as software that’s designed to be untraceable, making it an attractive tender for those seeking to trade anonymously via the Web. The price for one unit dropped today to about $85 from $127. That’s probably due to speculation that demand for the digital money will shrink after the U.S. government said it seized the Silk Road website, according to Jered Kenna, Chief Executive Officer of virtual-currency exchange Tradehill Inc. The Rise of Bitcoin “The quest...

Full article: http://www.bloomberg.com/news/2013-10-02/bitcoin-prices-p...

Tweets

Silk Road Bust Could Slow Bitcoin Economy

technologyreview.com 03 Oct '13, 4am

News today that the FBI had arrested a man on suspicion of running the notorious online marketplace Silk Road, where bitco...

Bitcoin Values Plummet $500M, Then Recover, Aft...

wired.com 02 Oct '13, 9pm

Bitcoin, world’s most popular digital currency, had a roller coaster ride today after the federal government shut down the...

Bitcoin price nosedives after bust of undergrou...

theverge.com 02 Oct '13, 6pm

The price of Bitcoin, the semi-anonymous e-currency that acts like virtual cash, is falling rapidly after the bust of unde...

Bitcoin values yo-yoed today after the feds bus...

wired.com 02 Oct '13, 9pm

Bitcoin, world’s most popular digital currency, had a roller coaster ride today after the federal government shut down the...

#bitcoin

#bitcoin

businessweek.com 02 Oct '13, 8pm

For most of its brief existence, Bitcoin has been widely associated with Silk Road—the anonymous cybercurrency, naturally ...

Why Dread Pirate Roberts didn't take #Bitcoin down with his ship: #silkroad #btc

Why Dread Pirate Roberts didn't take #Bitcoin d...

dailydot.com 03 Oct '13, 5pm

The crypto-currency Bitcoin , the world’s most popular form of digital money, has been prone to pronounced spikes and prec...

If This Doesn't Kill Bitcoin, What Will? - The Market Now

If This Doesn't Kill Bitcoin, What Will? - The ...

go.bloomberg.com 02 Oct '13, 7pm

The alleged operator of the Bitcoin-based online marketplace Silk Road was arrested in San Francisco yesterday on money-la...

Silk Road shutdown sends bitcoin prices tumbling

Silk Road shutdown sends bitcoin prices tumbling

csmonitor.com 03 Oct '13, 4am

The price of the bitcoin digital currency dropped on Wednesday, after U.S. law enforcement authorities shut down Silk Road...

BitCoin Plunges Following US Government Seizure Of Silk Road Website

BitCoin Plunges Following US Government Seizure...

zerohedge.com 02 Oct '13, 5pm

Earlier today, one of the most popular websites that use and promote the use of BitCoin, Silk Road, was shut down by the U...

Bitcoin bust: Feds break up country’s largest Bitcoin drug ring

Bitcoin bust: Feds break up country’s largest B...

news.yahoo.com 03 Oct '13, 3am

before we could see what would have happened if a distributor had tried to pay Walt and Jesse using Bitcoins . CNN reports...

Silk Road

Silk Road

rt.com 02 Oct '13, 3pm

FBI seizes ‘Silk Road' black market domain, arrests owner Published time: October 02, 2013 15:48 Get short URL Reuters / T...

Bitcoin price plummets after Silk Road closure

Bitcoin price plummets after Silk Road closure

theguardian.com 03 Oct '13, 3pm

The price of Bitcoin, the anonymous peer-to-peer digital currency, plummeted after the alleged founder of the online drugs...

CHART OF THE DAY: Bitcoin collapses following Silk Road shutdown

CHART OF THE DAY: Bitcoin collapses following S...

businessinsider.com 02 Oct '13, 7pm

FBI seized and shut down Silk Road , a website that allowed customers to buy illegal drugs using Bitcoin. As part of the b...

Silk Road

Silk Road

nation.time.com 02 Oct '13, 4pm

Silk Road, where cocaine and heroin were trafficked, is an online drug marketplace that exists on the “Deep Web,” a portio...

Silk Road collected 9.5 million bitcoin—and only 11.75 million exist

Silk Road collected 9.5 million bitcoin—and onl...

QZ.com 02 Oct '13, 6pm

Silk Road, the illicit online marketplace that first brought bitcoin to notoriety in 2011, was shut down today and its all...