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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 shut down of Silk Road,a plummet in exchange rates, and a new live-streaming site.
It’s been a significant week for Bitcoins in the news; a triple whammy, 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 known to the feds just a little more intimately as Ross William Ulbricht- while the seizure and turn off of this Silk Road site itself. Silk Road was an exclusively Bitcoin gambling site, well-known to numerous being an available marketplace for illegal drugs and more; the site’s just under a million registered users were usually money launderers, in line with the arrest warrant.
‘Based on my training and experience, Silk Road has emerged as probably the most advanced and extensive criminal marketplace on the web today,’ FBI Special Agent Christopher Tarbell noted in the complaint. Tarbell added that within the past 2 1/2 years, Silk path generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, often for things as macabre as hiring hitmen, seeking out computer hackers or buying illegal weapons.
Major Rate Volatility Ensues
Meanwhile only a few times 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 rates for the currency that is digital from $139 per Bitcoin to $109.71 per Bitcoin in just under three hours. […]

Japanese Casino Legislation On Target; Organized Crime Gets Shut Out
It’s been decades in the making, but Japan spurred on by the promise of this 2020 Tokyo Summer Olympic Games appears to be finally building a real push towards legalizing land gaming into the area country. News reports from Reuters state a draft that is solid of gambling policy has been put together, and Japan’s Diet (parliament) may be reviewing before year’s end for very early 2014 passage, God willin’ and the crick don’t rise.
Baby Procedures Towards Legalization At Last
Even though that occurs on routine, however, it would take another two years for the legislators to drum up a more in-depth overview that is regulatory which in turn would at long last open the road towards bonafide legal gambling enterprises to start being built. The goal, of course, being to own everything up and ready to move over time for those all-important tourists to have the ability to drop some chunks of change once they come to Japan for those summer games.
As we’ve been seeing advertisement nauseum of late, corruption, crime and gambling seem to often sleep within the same sleep together, and with an eye towards trying to stem that tide before the tsunami comes in, Japanese lawmakers are building some interesting safeguards to their casino regulations. Included in these are producing an independent gambling regulator who would in change oversee the license application process, as well as making it mandatory for any licensees to enjoy a decade’s worth minimum of their tax, banking and credit informative data on each of their top-level executives designed for review. […]