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Silk Road Founder Arrested While Bitcoins Plummet

Silk Road Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the closed down of Silk Road,a plummet in exchange rates, and a new live-streaming site.

It’s been a significant week for Bitcoins within the news; a whammy that is triple actually.
First, there was the arrest by the FBI of Silk path’s founder known online only by their handle ‘Dread Pirate Roberts’, but apparently understood to the feds a little more intimately as Ross William Ulbricht- as well as the seizure and power down of this Silk Road site itself. Silk Road was an exclusively Bitcoin site that is gambling well-known to many as an available market for illegal drugs and much more; the web site’s just under a million registered users were frequently money launderers, according to the arrest warrant.
‘Based on my training and experience, Silk Road has emerged as probably the most advanced and extensive criminal marketplace on the Internet today,’ FBI Special Agent Christopher Tarbell noted within the problem. Tarbell added that in the past 2 1/2 years, Silk path generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, usually for things as macabre as hiring hitmen, seeking out computer hackers or buying weapons that are illegal.
Major Rate Volatility Ensues
Meanwhile just a few days after the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, once the rat […]

By |February 24th, 2020|Lucky Nugget Casino|0 Comments|

Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium

Electronic Gaming Funding a Failure for Brand New Minnesota Vikings Stadium

Electronic pull-tab gaming was likely to pay for a brand new minnesota vikings arena, but that plan hasn’t materialized as prepared

When the Minnesota Vikings decided if it was available that they needed a new stadium, they wanted to take advantage of public financing. The state of Minnesota obliged, but decided that rather than take the cash from the general fund or develop a special tax to enhance the money, they would bring electronic gambling machines to a large number of bars as well as other venues around hawaii. It seemed like a sound plan until it had been placed into practice.
Net Gain: Bupkes
This week, Minnesota announced that residents and people to the state had put down about $15 million regarding the machines during the period of their year that is first in. Of this, approximately 85% went straight back to players in the shape of winnings, leaving only about $2 million in earnings. That was split among charity expenses, contributions and basic taxes, and left nothing at all for the new stadium. That is right: the electronic pull-tab style games raised nothing for their intended purpose over their very first year in service.
The failure is an embarrassment for Governor Mark Dayton, who has been strongly behind the new Vikings stadium. According to him, the true numbers that have come in show that the state itself was taking quite the gamble by depending on the machines to finan […]

By |February 24th, 2020|Lucky Nugget Casino|0 Comments|