Free Ross Ulbricht Petition Closing In On 70,000 signatures

Free Ross Ulbricht Petition Closing In On 70,000 signatures

Now Ross is serving a double-life sentence plus 40 years without the possibility of parole

A petition to pardon Ross Ulbricht approaches 70,000 signatures. Young and passionate about free markets and privacy, Ross created Silk Road — the first darknet market — to show people that they have the right to buy and sell anything ‘so long as [they] are not hurting anyone else’. For more info, visit the Ulbricht family website.

Actually, the roots of popular myth 'Bitcoin CEO went to jail' take place here.

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Petition for Clemency for Silk Road Founder Ross Ulbricht Nears 200k Signatures

Silk Road founder Ross Ulbricht has spent six years in prison and has 34 years and two life sentences to go unless a petition spearheaded by his mother and sister lead to a grant of clemency. 195K Signatures and Counting For Ulbricht A petition seeking clemency for Silk Road founder Ross Ulbricht is quickly approaching 200,000 signatures. Ulbricht is currently serving a 40-year sentence on top of a double life sentence for his role as the leader of the defunct black market website. Ulbricht is only six years into his sentence and his mother Lyn Ulbricht recently attended a blockchain conference in Toronto to advocate for her son. Ms. Ulbricht is hopeful that if she collects enough signatures President Donald Trump will grant her son clemency. The online petition currently has more than 195,000 signatures, including those of Litecoin creator Charlie Lee, Roger Ver and billionaire Bitcoin bull, Tim Draper. A number of politicians and movie stars have also expressed their support for Ross Ulbricht.  According to Ms. Ulbricht, Ross is a good person, an idealist, and a libertarian. She said:  I didn’t think of him as someone who was interested in technology persay, but he was interested in Bitcoin because he was a freedom guy. He worked on the Ron Paul [Presidential] campaign. He was very interested in Bitcoin as a means to monetary freedom for people.  The Audacity of Hope Both Ms. Ulbricht and Ross’s sister Cally are placing their hopes in the petition, and nothing would make them happier than to have Ross home for his 36th birthday. Ross also appears to be wishing for the same outcome and a recent tweet of a handwritten note expresses his desire to “turn 36 in freedom”.  President Trump Can Save the Day It’s hard to calculate the possibility of Ulbricht attaining freedom in the near future. Fortunately, President Donald Trump has proven to be dedicated to prison reform and a number of convicted criminals have seen their sentences commuted or have received pardons from the President. Convincing Donald Trump to grant Ulbricht clemency could be the last stop as the U.S. Supreme Court chose not to hear Ulbricht’s case for appeal in June 2018.   Placing all of one’s hope in President Trump could lead to disappointment however, because the President previously has tweeted his disdain for cryptocurrencies.    Trump is clearly not a fan of cryptocurrencies and aligns their use with criminal activity.  Regardless of the outcome, Lyn Ulbricht hopes that blockchain and cryptocurrency investors at least recognize that her son’s early involvement in the sector served as a catalyst for bringing Bitcoin and its underlying blockchain technology into the public sphere. Ms. Ulbricht said:  …if it weren’t for Ross and his vision, very few people would have heard of Bitcoin and many of the people would have heard of Bitcoin and many of the people who have become wealthy would not be wealthy if not for Ross. I’m asking them please don’t forget him. He helped make this possible and now we need your help.” Do you think the Ulbricht’s will collect enough signatures to bring the issue of Ross’s freedom before President Trump ? Share your thoughts in the comments below!  Images from Shutterstock: @realDonaldTrump, @RealRossU   The post Petition for Clemency for Silk Road Founder Ross Ulbricht Nears 200k Signatures appeared first on

Hong Kong Based Institutions SFC and ICAC Sign an MoU to Prevent and Combat Financial Crime

Financial crimes have gone up in the last couple of years, especially since the boom of cryptocurrencies. Hong Kong is as vulnerable as any location, and because of that, public institutions are teaming up to fight against the illegal financial activity. The country’s Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) put pen to paper on a Memorandum of Understanding (MoU). The MoU, signed on Monday, has the objective of representing cooperation between the two institutions to combat financial crimes in the Asian nation, in a time in which the digital platform has been exploited with impunity. Details of the Agreement The alliance between the SFC and the ICAC will include several things, such as joint investigations, data and information-related collaboration, cases referrals, and even capacity building, among others. The Memorandum of Understanding dictates that the two organizations will work to achieve improvements in the efficiency of their operations regarding the fight against financial crime, a situation that can endanger the integrity of the securities and futures markets in the influential Asian country. Among the people signing the MoU at the start of the week were Thomas Atkinson, currently the Executive Director of Enforcement at the SFC, and Ricky Yau Shu-Chun, performing as the ICAC’s Deputy Commissioner and Head of Operations. Atkinson stated that the agreement in the form of an MoU would let the SFC perform its regular statutory responsibilities, but with much more efficiency and with the opportunistic help of a partner that has experience fighting against corruption and financial crime. He also mentioned the importance of keeping the integrity of Hong Kong’s securities and futures markets intact. A Three-Day Workshop After the two parties signed the agreement, the first item on the agenda will be the launch of an investigation trading workshop, which will last three days and will let investigators of both institutions share their insight and expertise in their respective careers against financial crime. According to Yau, the collaboration will lay the framework of fruitful cooperation between the two parties, in several aspects. He said that the MoU shows a shared determination in keeping criminal activity in the field to a minimum in Hong Kong, securing a fair environment for people involved in the business. The SFC has been watching over the country’s securities and futures market in recent years. Most notably, the organization fined a Hong-Kong-based brokerage platform named Sincere Securities Limited (SSL) with HK$5 million (the equivalent of $640,000) because of repeated regulatory infractions over the last decade. The post Hong Kong Based Institutions SFC and ICAC Sign an MoU to Prevent and Combat Financial Crime appeared first on - Daily Cryptocurrency and FX News.

Bitcoin History Part 15: Silk Road Is Born

Silk Road launched in February 2011 as the darknet’s first bitcoin-based marketplace. Within four months, it would be the darknet’s most notorious site whose reputation extended all the way to the U.S. Senate. The origins of the drugs marketplace can be traced back further, however, to a philosophical thread on the Bitcointalk forum. It was only later that the significance of this thread would be fully appreciated. Also read: Bitcoin History Part 14: The 1,000 BTC Poker Game ‘A Heroin Store’ “As a Libertarian, the thing I love most about the Bitcoin project is the chance that it could be truly disruptive,” wrote early Bitcointalk user ‘teppy.’ It was June 2010, and Bitcoin was still very much in its infancy, with its potential use cases still being figured out. “I think that drug prohibition is one of the most socially harmful things that the US has ever done, and so I would like to do a thought experiment about how a heroin store might operate, accepting Bitcoins, and ending drug prohibition in the process,” continued teppy, before outlining his idea for how such a venture would operate. The proposal was cautiously welcomed, with some users highlighting the hazards (“US government has endless resources and nothing to stop them from doing things they’re not supposed to … I think if it’s high profile enough you would still get busted somehow, something you didn’t think of”) and others elaborating on how it might work. Although the thread was provocatively titled “A Heroin Store,” one user suggested a marijuana store would be preferable because “the risk of getting caught is much more calculable. Your clients are much trustworthier, and your competitioners are not as dangerous.” A Framework for Silk Road Although they couldn’t have known, the participants in the thread were brainstorming what would become Silk Road. From the use of Tor to the way packages could be shipped, it was all laid out. It is unclear if the discussion directly inspired Dread Pirate Roberts, or merely crystallized an idea he already had forming, but within two months of the thread appearing, he had begun work on Silk Road. On Jan. 29, 2011, user “altoid” posted a since-deleted response in the heroin store thread that read: What an awesome thread! You guys have a ton of great ideas. Has anyone seen Silk Road yet? It’s kind of like an anonymous I don’t think they have heroin on there, but they are selling other stuff. They basically use bitcoin and tor to broker anonymous transactions. It’s at http://tydgccykixpbu6uz.onion. Those not familiar with Tor can go to for instructions on how to access the .onion site. Let me know what you guys think. “So here we go, first Bitcoin drug store,” replied one user. “We’re going into deep water faster than i thought then. I wonder how long will it take for govs to start investigating Bitcoin.” Five months would prove to be the answer, after a Gawker article blew it wide open. Adrian Chen’s article would go on to accrue 3 million reads and spark a DEA investigation into Silk Road. Lost Innocence In early 2011, however, the world at large knew nothing about Silk Road, which was still the preserve of a few libertarians and free-thinkers on an obscure forum dedicated to magical internet money. On March 1, 2011, new user “silkroad” started a thread to promote the anonymous marketplace. The site had only been running for three weeks but “I am very pleased with the results,” they remarked. “There are several sellers and buyers finding mutually agreeable prices, and as of today, 28 transactions have been made!” In time, those numbers would swell to thousands a day, with the site eventually racking up 1.2 million transactions. The community spirit that characterized the Bitcointalk forum in those early days was readily apparent, as users filled the thread with suggestions on how Silk Road could be improved. Meanwhile, in the original heroin store thread, one user wrote a prediction on March 24, 2011 that would prove prescient: “Everything … is easily traceable. Using normal mail, there is 99,9% probability you will be caught sooner or later. Actually, anything physical (leaving physical traces) or involving third person is easily traceable, because you only need to find weak link in the chain to find the seller. People are usually the weakest links.” He finished: I hope silkroad realizes this, because if he doesn’t … sooner or later he will be caught. Bitcoin History is a multipart series from charting pivotal moments in the evolution of the world’s first cryptocurrency. Read part 14 here. Images courtesy of Shutterstock. You can now easily buy bitcoin with a credit card. Visit our Purchase Bitcoin page where you can buy BCH and BTC securely, and keep your coins secure by storing them in our free bitcoin mobile wallet. The post Bitcoin History Part 15: Silk Road Is Born appeared first on Bitcoin News.
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