The Tampa Bay times reports that Florida Man, Ronald Delaet, allegedly bought drugs from the Internet and resold them. Law Enforcement reportedly found "hundreds" of postal receipts and was able to intercept 5 packages in transit. The local paper's report singles out allegations by police that he sold a bottle of fentanyl nasal solution to a 17 year old who is supposed to have told his mom he planned on using it to overdose. Given the early involvement of Law Enforcement in developing SilkRoad 2.o it is likely that reports of similar arrests will continue for some time.
Category Archives: The Law
National Bank of Ukraine: Bitcoin Not to Be Used for Payments
There are reports that the National Bank of Ukraine has issued a directive on its Facebook page banning not recognizing the use of Bitcoin for payments within the country. It remains to be seen if other States will begin following Ukraine's lead and begin issuing missives via Facebook post, as well as to what extent the National Bank of Ukraine can actually prevent Bitcoin payments from happening within their borders during a time where Ukrainian borders seem to be undergoing revision.
Hashfast to Liquidate
The Bankruptcy Court of the Northern District of California has ordered the auction of HashFast assets, and among the assets to be sold will be causes and claims against co-founder and CTO of Hashfast Simon Barber.
Bitcoin Declaration of Sovereignty Filed
Today Mircea Popescu filed a declaration on the matter of Bitcoin sovereignty. Full text appears below: Continue reading
Trendon Shavers (aka pirateat40) Faces Criminal Fraud Charges
A smaller note in yesterday's busy day for Preet Bharara, criminal fraud charges were announced against Trendon Shavers, also known as pirateat40, for running a Ponzi scheme. In Preet's own words: Continue reading
Irish Man Caught Up In Operation Onymous Alleged To Own US $2.3M In Bitcoin
A 33 year old Irish man caught up in Operation Onymous is alleged to have USD $1.5M stashed away in bank accounts located in Switzerland, Belize and Poland as well as USD $2.3M in bitcoin according to the Irish newspaper the Herald. Continue reading
The Blake Benthall Complaint, full text
After the arrest of Blake Benthall for allegedly operating Silk Road 2.o a PDF began circulating which purports to be a copy of the complaint against Benthall. Qntra presents the text of the alleged complaint liberated from its PDF turd: Continue reading
Silk Road 2.0 Seized, Blake Benthall Arrested
Today the FBI announced the closure of the Silk Road 2.0 and the arrest yesterday of Blake Benthall the alleged operator of Silk Road 2.0 who operated under the moniker "Defcon." The charges leveled at Benthall include: Continue reading
Troubles Continue For Canadian Bitcoin Miner Dominion Bitcoin Mining Company
Dominion Bitcoin Mining Company, a Canadian bitcoin mining operation, is facing a $10,000 fine for failing to procure the proper registration in order to offer securities to the public. The company had previously been under a cease-trade order from May through September after which having expired, no penalty was issued. Continue reading
Cody R Wilson Announces Candidacy for Vessenes' Bitcoin Foundation's Board
In a busy day for Cody R Wilson he has now announced his candidacy for the board of Vessenes' Bitcoin Foundation. His platform consists simply of disbanding the organization from within. While others have different plans for taking on the organization, Cody clarified his plan in tweets:
Cody R. Wilson @Radomysisky · 16m 16 minutes ago
My platform is simple. The Foundation should be shuttered, the coins sold on the open market. I will name names.Cody R. Wilson @Radomysisky · 15m 15 minutes ago
No quarter. No gentleman's agreements with legitimists.
Given the simplicity of the plan one has to wonder, why does it include topping up Buterin's Waterfall?