05 Oct '13, 7pm

Online Currencies: What's In Store for Bitcoin After Silk Road Shutdown?

Online Currencies: What's In Store for Bitcoin After Silk Road Shutdown?

Silk Road, allegedly the largest online black market for illegal drugs, was shut down by the FBI earlier this week, and the value of Bitcoin plummeted $500 million at that instant. With the tight connection between these two, what’s in store for Bitcoin now that clandestine Silk Road has folded? Bringing to Attention In 2011, Attorney General Eric Holder and DEA head Michele Leonhart received a missive from US Senators Charles Schumer and Joe Manchin. The letter expressed concerns about an online black market and the “untraceable peer-to-peer” digital currency Bitcoin, after they received reports that these services were used in trading illegal drugs in secret. “Shut down the Silk Road network,” they wrote. The senators released a copy of the letter to the press. It cited media reports that a number of tech-savvy persons used Tor, a free “anonymizing network,” for surrepti...

Full article: http://socialmediatoday.com/socialbarrel/1796821/what-s-s...

Tweets

Online Currencies: What's In Store for Bitcoin ...

eztweeter.blogspot.com 05 Oct '13, 7pm

Silk Road, allegedly the largest online black market for illegal drugs, was shut down by the FBI, and the value of Bitcoin...

Blog Post: Online Currencies: What's In Store f...

blackhatnews.blogspot.com 05 Oct '13, 7pm

Silk Road, allegedly the largest online black market for illegal drugs, was shut down by the FBI, and the value of Bitcoin...

Protest by payment: Users ‘locate’ FBI Silk Road wallet, send mocking Bitcoin donations

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rt.com 05 Oct '13, 8pm

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digitaltrends.com 04 Oct '13, 9pm

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cbc.ca 05 Oct '13, 1am

There is no doubt that the media attention surrounding the shutdown of Silk Road , an anonymous online marketplace for ill...

Could the Silk Road Closure be Good for Bitcoin?

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newyorker.com 05 Oct '13, 9pm

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zdnet.com 06 Oct '13, 9am

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Why You Can't Blame Bitcoin for Silk Road Shadiness

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gizmodo.com 05 Oct '13, 9pm

The man alleged to be "Dread Pirate Roberts," the founder and operator of the Silk Road—an online marketplace where bitcoi...

Silk Road shutdown sends bitcoin prices tumbling

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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...

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wired.com 04 Oct '13, 9pm

In the past, citizens would take to the streets to protest the government. Now, they take to the bitcoin block chain. Phot...

Today In Bitcoin: Silk Road Busted and Bitcoin Forum Hacked

Today In Bitcoin: Silk Road Busted and Bitcoin ...

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Bitcoin nosedives 15% after FBI blocks traffic via 'Silk Road' criminal internet platform

Bitcoin nosedives 15% after FBI blocks traffic ...

rt.com 03 Oct '13, 3pm

Bitcoin nosedives 15% after FBI blocks traffic via 'Silk Road' criminal internet platform Published time: October 03, 2013...