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Ka-ching! U.S. government auctioning off stash of confiscated bitcoins
The U.S. government is auctioning off a stash of bitcoins acquired in its bust of illicit online retailer Silk Road. A partial sale of 29,656 bitcoins will be offered in an open auction this month, the...
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U.S. launches sale of $17.2 million of bitcoin seized in raid
The federal government is accepting bids Friday for nearly $17.2 million worth of bitcoin booty. The auction, which takes place over 12 hours starting at 6 a.m. ET, is the first time the U.S. has sold...
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The war on drugs comes to Corporate America
It’s no surprise that the FBI takedown of the online drug market Silk Road was one of the most captivating stories of 2013. The federal government’s complaint against the alleged Silk Road mastermind...
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Bitcoins seized from Silk Road on offer in a second auction
The U.S. Marshals Service is preparing for another Bitcoin auction Thursday. The sale is of seized digital currency from the raid of online bazaar Silk Road. A total of 50,000 Bitcoins worth about...
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Pimco’s shakeup, and GM open to Google — 5 things to know today
Good morning friends and Fortune readers. Oil prices continue their sub-$50 decline today. The price for a barrel of oil in New York fell below $45 this morning to a 12-year low. The commodity has...
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Silk Road founder convicted, faces life in prison
Ross Ulbricht, founder of black market website Silk Road, has been found guilty for his role in creating a haven for drug trafficking and hackers. A jury in Manhattan federal court convicted him of...
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Silk Road mastermind pleads for light sentence
The convicted founder of Silk Road, the shuttered online black market, is pleading for a lighter sentence. Ross Ulbricht’s plea came in a letter to the judge who is set to make a decision Friday....
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GDP and FIFA election — 5 things to know today
Hello friends and Fortune readers. Wall Street stock futures are set to open lower, after weak GDP data from Europe set the stage for what’s expectedly to be more gloomy U.S. figures from the Commerce...
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Silk Road mastermind gets life in prison for drug, conspiracy crimes
Ross Ulbricht was an Eagle Scout and a popular physics student who made a fateful decision to reinvent himself as the “Dread Pirate Roberts,” a pseudonym he used to operate a massive illegal online...
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Why a judge threw the book at Silk Road’s founder
Everyone gasped. It was clear Ross Ulbricht would do serious time for running Silk Road, an online bazaar for drugs and illicit activities. But no one predicted a judge would put him in prison until he...
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The Silk Road mastermind appealed his life sentence
Ross Ulbricht, convicted ringleader of the drug trafficking website Silk Road, is appealing his conviction and lifetime sentence. The appeal was submitted to the United States District Court in...
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The Clock is Ticking on Bitcoin
If you want a chicken pita from Meze Grill in midtown Manhattan today, you can fork over $8.75 or give them about half a bitcoin. The restaurant began accepting bitcoin Tuesday and its owner is...
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With Gemini, Winklevoss brothers seek respect in bitcoin
Cameron and Tyler Winklevoss say their approach with their new company was to “ask permission” rather than “ask forgiveness.” That’s why they waited for months to obtain licensing from the New York...
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Former DEA agent gets prison time for stealing bitcoins
A former agent with the U.S. Drug Enforcement Administration was sentenced to over six years of prison time this week after he stole bitcoin in the Silk Road raid, Reuters reported. The DEA brought...
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Ex-Secret Service Agent Is Suspected in More Bitcoin Thefts
A Secret Service agent who stole money seized by the government in the investigation of underground drug bazaar Silk Road is now suspected of stealing money in at least two other cases, according to...
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GE Is Looking for Partnerships With These Firms Along China’s ‘New Silk Road’
General Electric (GE) expects increased partnership with Chinese infrastructure firms along China’s ‘New Silk Road,’ which aims to link Asia with Europe and the Middle East to generate a significant...
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This Map Shows How China Is Building its Global Trade Empire
The famed Silk Road trading routes once connected China with medieval Europe. Today, the One Belt, One Road initiative is strengthening China's ties to countries along the same routes--and as Fortune...
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