FBI Agent Admits to Stealing Silk Road Bitcoins Seized by U.S. Marshals
This is the best tl;dr I could make, original reduced by 62%. (I'm a bot)
Back in 2015 two rogue U.S. Secret Service agents, Shaun Bridges and Carl Mark Force, were caught and sentenced to prison for stealing funds while investigating the first high profile darknet market the Silk Road. Now according to reports, Shaun Bridges plead guilty on August 15 for moving 1,600 bitcoins of seized bitcoins confiscated by federal authorities. The tale of the underground Silk Road marketplace seems to never end, as U.S. prosecutors have recently charged former special agent Shaun Bridges with money laundering crimes. According to Ross Ulbricht's family, Bridges and Carl Mark Force tainted the entire Silk Road investigation and Ulbricht's hearing as well. Ulbricht's defense said Force and Bridges had access to Silk Road administrator passwords, they could commandeer accounts, including DPR's, access private bitcoin keys, bank accounts and more. Bridges has admitted to stealing millions of dollars worth of seized bitcoins, stolen before the two officers were taken into custody. What do you think about the rogue agent Bridges being charged for money laundering and stealing 1600 BTC from the Feds? Let us know what you think in the comments below.
Daily bitcoin price update brought to you by Coinarch
Daily Bitcoin Update In stark contrast to the start of the month, low volatility and limited trading volume were the key themes in the bitcoin market over the last 24 hours. The price is inching forward and then pulling back ever so cautiously, avoiding both oversold and overbought territory as it gently trends sideways. Most seasoned market watchers out there would, like us, be ware of too confidently predicting any future trends given the confusing nature of the technical signals being thrown up. This technical dilemma forces us to instead delve into the market's fundamentals to try to understand more. The first thing to note is that both bulls and bears are likely to be holding their collective breath in the lead up to the impending auction of 50,000 Silk Road bitcoins seized a few months ago by the FBI. If we take the previous auction of 30,000 Silk Road bitcoins in late June as a guide to what might happen, we can expect some price fluctuation around the event, with a rally in the lead up to and a drop in the aftermath of the auction. The key question is will history repeat? Our feeling is probably not given the parcel is substantially bigger this time and that last time the whole purse was taken by a single buyer. Time will tell. Overall, we expect the holding pattern to remain until someone's nerve breaks and we see either a flood of buying from aggressive bulls and nervy bears or selling if the moods are reserved. November 19th Bitcoin Trading Session Examining the 1H Bitfinex chart, we saw the BTC/USD open at 374 before going on a short-lived bull run. The price pulled back after touching the oversold threshold at 382-383 when a bearish correction appeared most instantly, before the onset of prolonged sideways movement over the rest of the day. The comforting thing about the current sideways trend is the lack of volatility. The price is advancing in a specific pattern, with a defined support level around 370 and a clear resistance level around 384. The current market sentiment can therefore confidently be called neutral, despite the appearance of the odd trading gap over the day. What to Expect Today? An overlong neutral trend means that the market has the potential to go either way and go hard. The odds do, however, appear to slightly favour the bears at present, with the price below key daily moving averages and RSI just below 40. If the price does head to the downside, it might once again test the hither to impenetrable support level of 365-370. Any break below this level will open up a long-term bearish channel and could quickly see the price test the next support level at around 340. If the buyers take hold, the BTC/USD might once again test the next resistance level of 400 on its way up. If it breaks above the price, we see the potential for a long-term bullish bias where the price is likely to pullback only from the psychological resistance level of 450. The Coinarch Long or Short Booster allows you to boost your returns in a rising or falling market using up to 8x leverage. You have flexibility to close out your position at any time and can invest from $US10.
TIL that the FBI seized 144,000 bitcoins from Ross Ulbricht (silk road guy) in 2013 following his arrest and conviction. They were valued at close to $28.5million at the time of seizure. They're now worth $1.9billion.
TIL that FBI maintains a bitcoin wallet. The wallet comprises of bitcoins that FBI has seized from many sources. After the arrest of Ross William Ulbricht, the person behind Silk Road, all his Bitcoins were confiscated. This made FBI the holder of the largest wallet of bitcoins in the world.
Bitcoin Improvement Proposal: Hard Fork to Return Seized Silk Road BTC to Ross Ulbricht ["Anyone who opposes this, doesn’t know about it, or simply forgets to update their software, can excise themselves from the network. Thus, hard forks are the most democratic means of consensus on earth today."]
FBI claims largest Bitcoin seizure after arrest of alleged Silk Road founder This article is more than 6 years old. Silk Road used Bitcoins to let users pay for drugs - but now police have ... After Silk Road seizure, FBI Bitcoin wallet identified and pranked. In the the arrest of Silk Road founder Ross Ulbricht the FBI seized around 26,000 Bitcoins. When the FBI seized alleged Silk Road mastermind Ross Ulbricht's 26,000 Bitcoin fortune on Tuesday, it raised the simple question: how can you seize a currency that does not exist?. The Bitcoin ... The US government will auction $18m worth of the virtual currency Bitcoin, seized by the FBI when it raided the notorious Silk Road online marketplace last year. Bitcoin being seized. The bitcoins on SilkRoad have been seized by gaining access to the private keys of the SilkRoad's wallets. Government agencies have seized bitcoins once before in a similar fashion from a customer of SilkRoad. $3.6m are somewhere around 30k Bitcoin out of the around 11.75m currently existing.
Finland to Auction 2,000 Bitcoins Seized in Silk Road Should Learn To HODL
Dec. 4 (Bloomberg) -- Charles Allen, chairman and CEO of Bitcoin Shop, discusses the U.S. government's auction of 50,000 bitcoins as it disposes of the virtual currency seized after closing down ... The Bitcoin Group #59 - Bitcoin Bill -- Bitcoin Giving Tuesday -- Silk Road Auction 2.0 -- BitLic... World Crypto Network. Loading... Unsubscribe from World Crypto Network? Cancel Unsubscribe ... http://moneyandtech.com/June-27-news-update/ The US Marshals Service's store of roughly 30,000 bitcoins, originally confiscated from the Silk Road, are up fo... Skip navigation Sign in. Search Cape Town, South Africa -- I'm hoarding hyperinflation and I'm coming in for a hard landing. -- Here are today's MadBits: Bitcoin prices are steady. near the $100 mark. With a Last of 102, a High ...