Bitcoin finally crashed! And then it didn't. After two weeks in the spotlight, the anonymous techno-libertarian dweeb-currency rocketed past $250 yesterday—only to lose more than half its value over just a few hours today. Only to rally back up to around $200 again, just over the last hour or so. That's millions of…
Someone's getting rich off the online drug marketplace Silk Road. A new paper estimates that sales of drugs and other illicit goods on Silk Road total $22 million a year. Meanwhile, Silk Road got a fancy new redesign. It's officially boom times on the digital black market.
Just over a year ago, we broke the story of Silk Road, the underground online market that's like an eBay for illegal drugs. It's been thriving ever since. But as the summer drags on, Silk Road users are becoming increasingly paranoid over a series of unexplained disappearances. And the Drug Enforcement Agency has now…
U.S. Senators have called on the Feds to crack down on the anonymous drug marketplace Silk Road. But Silk Road isn't going down without a fight.
Above is a chart of the exchange rate, in dollars, of the digital currency Bitcoin. That red arrow shows the price on Wednesday afternoon right after we published a story about Silk Road, a Bitcoin-powered online marketplace where you can easily buy illegal drugs. In the past 48 hours alone, a Bitcoin's worth has…
