Silk Road

The Sam Bankman-Fried, former CEO of cryptocurrency exchange FTX, was sentenced to 25 years in prison on Thursday, prompting a host of reactions from the cryptocurrency community on X (formerly Twitter). What Happened: Many users, like NickyD, expressed outrage at the perceived leniency of the...

The U.S. District Court for the District of Maryland announced its intention to sell a substantial amount of Bitcoin (CRYPTO: BTC), valued at approximately $132.5 million, which was seized in connection with the Silk Road scam investigation. The forfeiture involved two separate...

CNBC "Mad Money" host Jim Cramer reiterated his cautious stance on Bitcoin (CRYPTO: BTC) prices and its inability to regain stability. What Happened: Bitcoin is down 20% since its spot ETFs launched, but Cramer's new theme is "Number Go Down:" Now that Bitcoin'...

The U.S. government's significant accumulation of Bitcoin (CRYPTO: BTC), currently valued at $8.3 billion, has raised concerns about potential market impacts if these holdings were to be liquidated. Over the last two years, U.S. authorities have seized 207,189 Bitcoin through operations...

In a definitive chapter for the infamous Silk Road online black market, a U.S. Court of Appeals finalized the forfeiture of approximately 69,370 Bitcoin (CRYPTO: BTC) and other cryptocurrencies such as Bitcoin Gold (CRYPTO: BTG) Bitcoin SV (CRYPTO: BSV) and Bitcoin Cash (CRYPTO: BCH)...

Democratic Presidential candidate Robert F. Kennedy Jr. expressed his clear stance on figures such as Julian Assange and Edward Snowden. What Happened: Kennedy Jr. in an interview with Bitcoin Magazine published on Wednesday vowed to pardon them on his first day in office if elected as president....

In a series of transactions on Wednesday morning, two crypto wallets identified as being under the control of the U.S. government and associated with the Silk Road confiscation, transferred Bitcoin (CRYPTO: BTC) valued at more than $300 million, according to on-chain data. Following these...

One of the most extensive underground marketplaces for illicit goods and untraceable transactions was launched in 2011. Silk Road used Bitcoin (CRYPTO: BTC) as one of its primary methods of payment, due to the anonymity of users. Here’s a look at how much Bitcoin has risen in value since Silk...

The U.S. attorney for the Southern District of New York has announced that the hacker responsible for the Silk Road marketplace breach has been sentenced to a year in prison for wire fraud charges. According to a statement released by the office of U.S. Attorney Damian Williams, James...

The U.S. government is planning to sell 41,500 Bitcoin (CRYPTO: BTC) that it holds, according to court documents. What Happened: The U.S. government currently holds more than 205,000 BTC as of March 27, making it the largest holder of the world's largest digital currency, owing to its long...

The U.S. Department of Justice announced on Monday that it seized around $3.3 billion in Bitcoin (CRYPTO: BTC) from a hacker who stole the cryptocurrency from the Silk Road dark web internet marketplace in September 2012. The hacker, identified as James Zhong, pled guilty before a New...

One of the largest black markets for illegal items and untraceable transactions was launched in 2011. Silk Road used Bitcoin (CRYPTO: BTC) as one of its primary methods of payment, due to the anonymity of users. Here’s a look at how much Bitcoin has risen in value since Silk Road was shut...

Jan. 3, 2009 could go down as one of the most important dates in the world of cryptocurrency. On this day 13 years ago, Satoshi Nakamoto mined the genesis block of Bitcoin (CRYPTO: BTC) and changed the world of cryptocurrency forever. To celebrate the 13th birthday of Bitcoin, here are 13 fun facts...

Ross Ulbricht, the creator of the now-defunct dark web marketplace Silk Road, has caused a commotion on Twitter by announcing an auction of his series of non fungible tokens (NFT). What Happened: A Twitter account operated by a supporter of Ulbricht announced that the auction for the...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk, responding to a comment on social media, said that the punishment handed down to convicted darknet market operator Ross Ulbricht seemed a “bit high.” What Happened: Ulbricht is serving a double life sentence for his role in creating the infamous...