FBI Seized 144,000 Bitcoins worth $28.5 Million From Silk Road Bust

The world’s favorite crypto-currency has made rounds in the headlines this week. The FBI had managed to seize 144,000 Bitcoins worth some $28.5 million at current exchange rates from Silk Road's founder, that's the largest ever seizure of the cryptocurrency. Bitcoin is an open-source,...

Seized $3.5 Million worth Bitcoins from Silk Road will be deposited in the U.S. Treasury

Ross Ulbricht, the recently arrested mastermind behind Silk Road, appeared in court yesterday where his lawyer begged for more time before the detention hearing. As the Protective Order states, The United States is further authorized to seize any and all Bitcoins contained in wallet files residin...