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May 28, 2015

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Federal Agents Steal Bitcoins From Silk Road

silk road Secret Service agent Sean Bridges, and DEA agent Carl Force have been accused of stealing Bitcoins while they were supposed to be investigating the e-commerce drug-trafficking site Silk Road.  Almost 2 years after peaking at $1200, Bitcoin is now trading at around $235, and the currency's biggest struggle has been Public Relations. Because there is no central government backing Bitcoin, Bitcoin's critics continually cite the potentially harmful effects of the crypto-currency -- It is very difficult to track the transfer of Bitcoin funds, and dark-web surfers have often taken advantage of this fact, using the currency to traffic illicit drugs. But, this time, the government has shot itself in the foot. In a recent article for Wired magazine, Joshua Bearman, tells the... Read this article »

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