03 Oct '13, 3pm

Bitcoin price plummets after Silk Road closure

Bitcoin price plummets after Silk Road closure

The price of Bitcoin, the anonymous peer-to-peer digital currency, plummeted after the alleged founder of the online drugs marketplace Silk Road was arrested in San Francisco. On Wednesday afternoon the price of one Bitcoin (BTC) was $145.70 on Mt Gox, one of the largest exchanges for the currency. After the news that Ross Ulbricht had been arrested and the Silk Road site seized, the exchange rate plummeted to a low of $109.76, before recovering to $124.00 late on Thursday. Bitcoin's record high was $266 In the history of the notoriously volatile currency, Wednesday’s fluctuations are minor. Bitcoin has experienced two major booms and busts, one in 2011 when the value of one Bitcoin went from $2 to $30 and back in little more than six months, and another earlier this year, when the price shot from $13 to a high of $266, before dropping back to a low of $50. Even on a slow ...

Full article: http://www.theguardian.com/technology/2013/oct/03/bitcoin...

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Bitcoin falls after Silk Road arrest: The price...

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin tumbles on closure of drugs black market the Silk Road

Bitcoin tumbles on closure of drugs black marke...

telegraph.co.uk 03 Oct '13, 9am

The indictment alleges since the Silk Road emerged online in 2011, it has been used to exchange 9.5 million Bitcoins, wort...

Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Could the Silk Road Closure be Good for Bitcoin?

Could the Silk Road Closure be Good for Bitcoin?

newyorker.com 05 Oct '13, 9pm

Bitcoin first gained wide attention after a 2011 Gawker exposé of Silk Road named it as the drug bazaar’s currency of choi...

Silk Road

theguardian.com 02 Oct '13, 3pm

US authorities have arrested Ross William Ulbricht, 29, alleged to be the owner and operator of Silk Road, the best-known ...

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...

The Silk Road Is Dead. But Bitcoin Lives On

wired.com 04 Oct '13, 10am

Photo: Tomohiro Ohsumi/Bloomberg via Getty Images Two years ago, Democratic Senators Charles Schumer and Joe Manchin sent ...

The Silk Road is dead. But Bitcoin lives on.

wired.com 04 Oct '13, 7pm

Photo: Tomohiro Ohsumi/Bloomberg via Getty Images Two years ago, Democratic Senators Charles Schumer and Joe Manchin sent ...

Bitcoin value plummeting following the Silk Road shut down by the FBI

Bitcoin value plummeting following the Silk Roa...

businessinsider.com 02 Oct '13, 5pm

The FBI seized Silk Road this morning . Silk Road is a website that let people anonymously buy illegal drugs using Bitcoin...

Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

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...

FBI claims largest Bitcoin seizure after arrest...

theguardian.com 02 Oct '13, 11pm

US authorities have arrested Ross William Ulbricht, 29, alleged to be the owner and operator of Silk Road, the best-known ...

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...

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 takes a hit after Silk Road takedown

Bitcoin takes a hit after Silk Road takedown

nbcnews.com 02 Oct '13, 11pm

bitcoin Bitcoin takes a hit after Silk Road takedown Devin Coldewey NBC News Facebook Share on Facebook Twitter LinkedIn G...