A San Francisco man has been indicted on charges he was the mastermind behind a secret website that brokered more than $1 billion in transactions for illegal drugs and services.
The top executive of a New York City-based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $1 million in Bitcoins to users of the black market website Silk Road, authorities said Monday.
The Sacramento Kings have announced that they will become the first major professional sports franchise to accept Bitcoin, the popular online currency.
An Internet entrepreneur accused of being behind an online marketplace for illegal drugs has asked the government to return more than $30 million in bitcoin seized from his computers.
The dramatic arrest inside a San Francisco public library of a man accused of running an underground drug website has become the talk of the neighborhood.
A hidden website operated by a San Francisco man became a vast black market bazaar that brokered $1.2 billion in transactions for illegal drugs and services, according to court papers made public on Wednesday.