N.Y. jury finds accused Silk Road mastermind guilty

Feb 5, 2015

N.Y. jury finds accused Silk Road mastermind guilty

The creator of shadowy online marketplace Silk Road faces a lengthy prison sentence after a New York jury convicted him of masterminding the criminal website dubbed the “e-Bay of drugs.” Ross Ulbricht, 30, was shown to have amassed a fortune of $18 million from ...

Jul 16, 2014

Chinese bitcoin firm joins Atlas ATS in bid for Mt. Gox assets

BitOcean, a Chinese bitcoin startup, joined with New York-based exchange platform Atlas ATS Inc. to bid for the assets of Mt. Gox, the exchange platform that filed for bankruptcy in Japan earlier this year. BitOcean and Atlas will invest $1 million worth of bitcoins ...

May 14, 2014

Ministry to track illegal bitcoin deals

The government is vowing to monitor illegal transactions of bitcoins, but will put off regulating trade of the online digital currency, according to government and ruling party officials. Amid fears that criminal organizations have used bitcoins in money laundering and drug deals, the Ministry ...

Dec 3, 2013

Bitcoins need to be better than real currency

by Stephen L. Carter

Bitcoins appeal to people's libertarian side, because they challenge the control of money by governments that too often see inflation and deflation as instruments of policy. This virtual currency suggests the possibility of a future in which networks of individuals can make transactions for ...

Nov 29, 2013

Briton threw out hard drive containing Bitcoins worth $7.5 million

A British IT worker has launched a frantic search of a landfill site after realizing he accidentally threw away a computer drive holding $7.5 million (€5.5 million) in the online currency Bitcoin. James Howells, 28, obtained 7,500 Bitcoins in 2009 when the currency was ...

Bitcoins now valued at more than $1,000 each

Nov 28, 2013

Bitcoins now valued at more than $1,000 each

It’s been an amazing month for Bitcoin, the decentralized payment network that got a surprisingly positive reception last week at a pair of Senate hearings. At the start of this month, one Bitcoin traded for just a bit more than $200. By midmonth, it ...