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Bitcoin

FBI agents search a home on the 600 block of 42nd Ave. in San Mateo, part of a number of raids in the Bay Area and Sacramento, March 26, 2014. (CBS)

NFL Agent Marlon Sullivan Charged In Murder Plot, Tied To Leland Yee, Raymond Chow

COMMENTARY: The headlines scream about State Senator Leland Yee and Chinatown mobster Raymond “Shrimp Boy” Chow, but the evidence against NFL sports agent wunderkind Marlon Sullivan could shake the sports world.

03/27/2014

The bitcoin website is shown on the computer of the proprietor of a shop selling vinyl records and that accepts bitcoins for payment on April 11, 2013 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)

IRS Says Bitcoin Will Be Taxed Like Property, Not Currency

Virtual currencies like bitcoin will be taxed like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can’t use it to pay your taxes.

03/25/2014

ATM money

Bitcoin ATM Arrives In Mountain View

A Bitcoin ATM is set to be unveiled at a conference in Silicon Valley Thursday, the first of its kind in California for the digital currency.

03/20/2014

Ross Ulbricht (LinkedIn)

SF Man Indicted On Charges Of Running Illegal Online Drug Website

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.

02/04/2014

The bitcoin website is shown on the computer of the proprietor of a shop selling vinyl records and that accepts bitcoins for payment on April 11, 2013 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)

2 Bitcoin Operators Charged In SF Drug Website Bust

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.

01/27/2014

26. Sacramento Kings (9-20)

Larry Magid: Sacramento Kings To Be First Professional Sports Team To Accept Bitcoin

The Sacramento Kings have announced that they will become the first major professional sports franchise to accept Bitcoin, the popular online currency.

01/16/2014

Screenshot of Silk Road, a black market marketplace of drugs and other illegal services. The website has been closed after the arrest of Ross William Ulbricht in San Francisco on October 1, 2013. (CBS)

Accused Drug Website Entrepreneur Asks Government To Return $30M In Bitcoins

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.

12/23/2013

Ross William Ulbricht of San Francisco during an interview on YouTube. Ulbricht is accused of running the Silk Road, a black market website where people bought and sold illegal drugs and services. (YouTube / CBS)

Witnesses Describe Dramatic Arrest Of Alleged Drug Kingpin Inside SF Library

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.

10/03/2013

Ross William Ulbricht (CBS/YouTube)

Feds Arrest Alleged Online Drug Kingpin At San Francisco Public Library Computer

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.

10/02/2013