Feds Close Silk Road, Arrest Owner, Steal 26,000 Bitcoins

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Cryptocurrency Willard Foxton at The Telegraph says the Silk Road is on the verge of collapse for the reason. get this. it’s suffering from hyperdeflation. Just what a problem to provide.

Another good e-currency is Pecunix. This kind of is again an online payment system that is backed by gold. Pecunix essentially works the comparable to E-gold, thus they do not buy and sell their own currency, did not take long is again stored inside of account a person with them.

On October. 2, U.S. law enforcement agencies shut down „Silk Road,“ an anonymous Internet marketplace on the Tor encrypted network. They arrested its alleged owner, Ross William Ulbricht, 29, in Phoenix on October. 1, and seized 26,000 Bitcoin s from him, the largest Bitcoin seizure in creation. The Bitcoins had a monatary amount at period of $3.2 million.

An e-currency exchanger converts money to any chosen e-currency and places it in your account for you to spend as you would. Funds could be sent to an exchanger by a lot of methods, nevertheless the most popular are bank transfer and Paypal.