29 May '15, 1pm

MAY 29 DIGEST: US Govt Says Ross Ulbricht Owes Them Nearly $184M, Apple Mentions Bitcoin in Patent Application

MAY 29 DIGEST: US Govt Says Ross Ulbricht Owes Them Nearly $184M, Apple Mentions Bitcoin in Patent Application

U.S. government prosecutors have imposed a money judgment of almost US$184 million against Ross Ulbricht, Apple casually mentions Bitcoin in a new patent application, and more top stories for May 29. US Government Tells Ross Ulbricht He Owes Them Almost US$184M US government prosecutors have imposed a money judgment against Ross Ulbricht, equal to US$183,961,921. They came to the total based on the transactional records from Silk Road showing the amount of the website’s illegal drug sales to be US$182,960,285, plus the value for fake identifications that equal US$1,001,636. The government contends Ulbricht is liable for all transactions on Silk Road because of the structure of the site. They said: “Silk Road automatically laundered all proceeds passing through its Bitcoin-based payment system, including by passing them through a ‘tumbler’ whose sole purpose was to obfuscat...

Full article: http://cointelegraph.com/news/114417/us-govt-says-ross-ul...

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