Ross Ulbricht news

Ross William Ulbricht (born March 27, 1984) is an American former drug trafficker and darknet market operator, best known for creating and running the Silk Road website from 2011 until his arrest in 2013. He was known under the pseudonym "Dread Pirate Roberts".

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Bitcoin Jesus “Roger Ver” Asks For Forgiveness For Ross Ulbricht Of Silk Road

Roger Ver has been one of the biggest supporters of free-market paragons and cryptocurrencies. Silk Road was at the intersection of both these phenomenons, and perhaps it might not come as a surprise to many that he is a supporter of Ross Ulbricht of Silk Road. I sent a letter to Ross Ulbricht, and you should too. #Silkroad — Roger Ver (@rogerkver) February 17, 2019 Ross Ulbricht is serving a double life sentence + 40 years without parole for all non-violent charges associated with creating the Silk Road website. Passionate about privacy and free markets, he was 26 years old when he made the site. He had no prior record and no victim was named at trial. Silk Road was an online marketplace with an emphasis on user privacy. Using the cryptocurrency Bitcoin on the Tor browser, people anonymously exchanged a variety of goods, both legal and illegal, including drugs. In the sentencing letter to his judge, Ross wrote: “Silk Road was supposed to be about giving people the freedom to make their own choices, to pursue their own happiness, however they individually saw fit. [It] turned out to be a naive and costly idea that I deeply regret.” The issue with both Silk Road and Ross has divided the entire crypto ecosystem. Perhaps not surprising is the fact that Dr. Craig Wright condemned Ross and Wikileaks in one of his recent blog posts. He had written: “I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.” Ross is now serving his sixth year in prison and has paid a heavy price. He was an idealistic entrepreneur who never intended harm. He has expressed profound remorse, and if released tomorrow, he would never break the law again. He still clasps to the hope of a second chance and dreams of a future where he can use his education, knowledge, and skills to contribute to his community and society.
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Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht

Ross Ulbricht, the man behind Silk Road is the protagonist of a debate that has divided the cryptocurrency community yet again. Bitcoin Cash [BCH]’s Roger Ver, also the CEO of and popularly referred to as Bitcoin Jesus has been a long supporter of “free-market” ideals (Something Silk Road claimed to have run on) and the use of cryptocurrencies for the same. He recently reaffirmed his support for Ulbricht, mailing him a letter advocating the same. Tweeting on 17 February, Ver said that he had mailed a letter to the United States’ Penitentiary in Tuscon, Arizona where Ulbricht is currently serving a double life sentence, without parole. The CEO did not specify the contents of the letter, but voiced his support for Ulbricht and added a link to the website that advocates for his release: His tweet in full read, “I sent a letter to Ross Ulbricht, and you should too.  #FreeRoss #Silkroad” The Ross Ulbricht issue is one of the most divisive issues within the cryptocurrency community, with some advocating free market principles and some citing the illegality of the articles sold on the ‘marketplace.’ Craig S Wright, the Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project firmly placed himself opposed to Ver’s point, in both the BCH hardfork debate back in November 2018 as well as on the Ulbricht issue. In an 8 February blog posted by Wright via Medium, he voiced his opposition for what he described as ‘criminal markets.’ He likened Ross Ulbricht and Silk Road to WikiLeaks and Julian Assange, calling the duo, ‘predators.’ Wright further added that the case of Silk Road,was something Bitcoin should make, ‘more difficult,’ and not one it should facilitate. His blog, which was titled, ‘Careful what you wish for…’ read, “I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.” The topic of Ulbricht was also discussed by Roger Ver and Gabriel Cardona in’s latest episode on YouTube. The BCH proponents were discussing the recently concluded Anarchapulco 2019 Festival, which featured Lyn Ulbricht, Ross Ulbricht’s mother. In the video, Ver described Ross Ulbricht as, “Basically, Ross Ulbricht is the person that made Bitcoin start to become popular to being with. He made a useful platform that people started to use. Silk Road was useful, so, people started to use it and that’s what kicked-off this whole ecosystem.” Ver and Cardona also stated that the Bitcoins that were seized and crowd-sold from Silk Road were primarily purchased by Tim Draper, the American venture capitalist. In light of the same, Ver appealed to Draper and the larger community to push for Ulbricht’s release, “Tim Draper, if you happen to see this, you profited greatly from the Silk Road coins that you bought. Help out Ross, right, this guy does not deserve to die in prison.” Users on Twitter were however split on this topic. @XrpBro commented, “Didn’t he order murders? He should be free? Why?” Zone Zero Apps further added, “Why? He is a criminal. If not caught, he would still be selling drugs and weapons….” However, @Russell voiced his support for Ulbricht, stating, “They’re never going to let Ross free. Instead of spending so much time and money on that, we should be taking care of his family and others who are in desperate situations that can be helped. @rogerkver @Free_Ross #Silkroad” The post Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht appeared first on AMBCrypto.

El Chapo Will Likely Serve a More Lenient Jail Sentence Than Ross Ulbricht

Cryptocurrency users are not too happy at this point. Outside of the price developments, it seems there is genuine public outcry involving Ross Ulbricht, This individual, known for operating the Silk Road darknet marketplace, faces a double life sentence in jail. El Chapo, a known criminal and murderer, will receive a less severe sentence. Making sense of these decisions is rather difficult at this time. El Chapo vs Ross Ulbricht On paper, comparing both of these cases would not serve any real purpose. El Chapo operated as part of a genuine drug cartel and is responsible for multiple deaths during his tenure. Ross Ulbricht operated the darknet marketplace which made Bitcoin immensely popular. Both stories are very different from one another, yet they are not necessarily unrelated. According to the US justice system, however, Ulbricht needs to be punished more severely for his actions. More specifically, Ross serves a double life sentence in jail plus an extra 40 years. That is incredibly severe for someone who ran an online website where drugs and other illicit goods and services were bought and sold. He does not have a shot at getting our early via parole either. In the case of El Chapo, however, the sentencing was rather light in comparison. Although he still faces life in prison, it is a less severe punishment compared to Ulbricht. While it will be very similar in the real world, it only further highlights how Ulbricht’s sentence was not only meted out incorrectly, but also how the justice system has some “flaws” when it comes to distinguishing between criminal activities. During the drug trial in New York, El Chapo – real name Joaquin Guzman Loera – was found guilty on all charges. It also puts a final nail in the coffin of his illustrious career as a drug kingpin in Mexico. Moreover, his violent acts have made numerous headlines on an international scale. He also escaped prison twice, which should all add up to a far more severe jail sentence. While the conviction of El Chapo is indeed a big success for law enforcement, it also creates a bitter pill to swallow for Ross Ulbricht and his loved ones. After all, someone who is known for physically trafficking drugs and conducting violence against people receives less of a jail sentence than someone who conducted his darknet operations from a laptop. Those operations did not involve killing anyone at any given time. Rest assured this development will continue to spark controversy in the cryptocurrency world. Although this may seem like a minor problem to the outside world, it is a problem which should not be ignored. Justice is there to convict criminals according tot heir actions, rather than making examples of individuals for unclear reasons. In the case of Ulbricht, it is evident the actual sentence makes little to no sense. Unfortunately, there will be no appealing the decision, as all attempts have been refuted so far. Image(s): The post El Chapo Will Likely Serve a More Lenient Jail Sentence Than Ross Ulbricht appeared first on NullTX.

Ross Ulbricht, martyr

A popular meme circulating this week compares the life sentence prosecutors are expected to seek for gangster El Chapo – a convicted drug trafficker with ties to crimes up to and including murder – and the sentence of Ross Ulbricht, founder of the original Silk Road, who received double life without parole, plus 40 years. Like Ponzi and Madoff before him, Ulbricht’s name to many is now synonymous with bad dealings and even worse consequences. But, unlike Ponzi and Madoff, he should walk free. He is the definitive martyr of the crypto age. Let me explain. A man like Ulbricht found a hole. Like Andrew Auernheimer aka Weev – a hacker who went to jail for figuring out that AT&T screwed up their iPad customer software and leaked the entire list of customers to Gawker – Ulbricht stumbled upon a way to circumvent easily circumventable systems. He found a hole in the fence and instead of warning the farmer immediately he had a look around. That was his only crime. Before we continue, let’s address Weev. Weev is a very special case. His time in prison radicalized him to a degree that makes him abhorrent today and his work – essentially a sort of neo-Nazi performance art that takes his original “trolling” to a new and extreme level – has made him an alt-right darling. I can’t condone him in his current form and he was pretty hard to take before he went to jail. But when the federal government charged him in January 2011 under the Computer Fraud and Abuse Act, they set a deadly precedent. The sentence ignored AT&T’s vast incompetence and instead blamed and destroyed a hacker – a hole finder. Ulbricht found a similar hole. I’ve long said that cryptocurrencies weaponize the traditional nerd. Whereas before you showed your programming prowess by writing a device driver for Linux, now you show your programming prowess by building on the blockchain. And, whereas before your prowess resulted in a nice pat on the back from the open source community, cryptocurrency has allowed that same nerd to amass a small fortune. The government considers Ulbricht a drug dealer. Ignoring the ridiculous crimes committed by his arresting agents, what Ulbricht did was little more than create a database. If we’re going to compare his work out into a real world tool, the closest analog would be a dark pool on Wall Street – a black box trading system that, in this particular case, was far darker than anyone could imagine. It’s impossible to defend a drug dealer. It’s impossible to defend a murderer. It’s impossible to defend a neo-Nazi. But, at its core, the thing Ross Ulbricht, private citizen, is guilty of is the creation of a system that circumvented a damaged institution. AT&T exposed customer records, not Weev. And Ulbricht created a nearly fool-proof drugs market, a perfect capitalistic system that, like all perfect capitalistic systems, eventually collapsed due to infighting and greed. He didn’t murder anyone (per se) and prosecutors are hard at work trying to drop the murder-for-hire rap. He shipped some mushrooms once and then took a cut of thousands of potentially illicit transactions. But he’s not El Chapo, a man who has claimed to have killed 3,000 people and escaped from prison in ways so comical that he’s like cocaine-toting Wile E. Coyote.  Ultimately it’s about saving face. In Weev’s case the telecoms were suddenly thrust into a situation where personal data consisted of more than just a phone number and whether or not you had call waiting. In Ulbricht’s case the FBI discovered a juicy threat and got gloriously lucky when Ulbricht – a kid who wouldn’t be out of place in the programmers bullpen at a Valley startup – introduced a bug into his system. Like most computer crimes cases, the fall guy is usually someone who flew too close to a newborn sun. Like hackers Robert Morris and Kevin Mitnick before him, Ulbricht was made an example. His sentence is a wagging finger at some kid in a STEM classroom who suddenly realizes that the Internet is a machine designed to route around damage. And his sentence is ridiculous. Dark markets are now ubiquitous and you can bet that they won’t be run as poorly as El Chapo’s, a network compromised by a surly IT guy. Look at this another way: the hero here, as it almost always is in cases of computer crime, is never the nerd. Hollywood has it all wrong. They think El Chapo is the playboy, the raconteur, the wacky guy who made women run around naked to win a car and gave cash to the poor. Ulbricht is the dirty hacker, intent on stealing our precious data. El Chapo gets a relative pass while Ulbricht is forgotten. Instead we have to remember that El Chapo is scum, a smug drug lord who knows he’ll be fine after he’s released. Ulbricht was the guy pointing out the holes, telling us that something was changing. These Cassandras are rarely sympathetic characters and time and history have shown us that they are often deeply flawed. There is hope. Former hackers like Mitnick survived incarceration and were sprung free amidst problems that they had originally predicted – and exploited – before their arrest. But a hacker can’t receive a greater sentence than an actual murderer. If they do, their warnings will retreat even further underground and we won’t know what hit us until it is far too late. The post Ross Ulbricht, martyr appeared first on The Block.
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Why Bitcoin won’t bounce back

This week everyone followed the rates passionately, being ready to either buy or sell (or hodl :-) quickly. Also, cryptoad is back, as well as those crypto folks, who were believed long lost. Redditors discussed everything and we tracked it down

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Crypto News: Elon Musk Talks Bitcoin and Binance Expands

The cryptocurrency market had quite the shakeup last week, causing a spike in most digital currencies. On Valentine’s Day, six days ago, JP Morgan announced that it would launch a test for its new JPM coin. This was the biggest crypto news to surface in quite some time. Now, digital currencies seem to have corrected, and most are trading red today. In today’s crypto news, we’ll discuss Elon Musk’s interview and the details behind him calling Bitcoin “quite brilliant.” Also, we’ll look into Binance’s new testnet they just released. Crypto News: February 20th, 2019 Elon ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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XRP, BTC and BNB Price Analysis and Prediction

XRP achieves  a high of $0.35499 BTC Targets $4000 level BNB gets over $10 level XRP/USD The rally by XRP in the last few days seemed to have gained momentum as the currency yet again achieved new highs, before tracing its way back to its current level of 0.3380 as of going to press. XRP managed to weather off the bearish engulfing at the dawn of 19th as the bulls managed to strike a price reversal on the upwards and pushed the currency price to a new high of 0.35499. This didn’t last for long though as the bears came calling and pulled the price down to a low of 0.32820. Later, a death cross pattern was formed when the 21 day MA crossed over the 7 day MA seemingly signaling that the price would fall down even further. True to this, the bears pulled the price further down to a low of 0.32363. XRP Forecast Looking at the Moving averages, it seems that an intertwining is imminent.The RSI is between 40 and 60, seemingly portraying that the currency is set to trade sideways. This scenario would be ideal for an intra-range strategy with support levels at 0.32363 and resistance at 0.3521. BTC/USD The price of BTC seems to be striving to achieve and outlive the 4000 territory. Even though there have been instances on the last 24 hours when the bears have pulled the priced below the 4000 mark, the price is currently above $3980 with its next target set for $4000. The RSI is at around 60 seemingly signifying that the price should be headed for consolidation before the next rally. The 7 day and 21 day MAs are also seemingly getting intertwined. This may portray that sideways trading may be in the offing. BTC Forecast The current scenario is ideal for range bound strategies that would set the resistance levels at 4050-4100 and support at 3950-4000. Traders can go long if the price bounces back from the support levels and go short if it pulls back from resistance levels. BNB/USD In the last couple of days, BNB has been experiencing bullish growth last seen in 2017 when it was launched. Currently, RSI levels are close to 70 seemingly portraying that the currency is at overbought levels. The 7 day MA is still maintaining a significant margin against the 21 day MA. Recent efforts by the bears to pull the price back below 10 have borne no fruit. As it is, the currency seems to find solid support at 10.50. BNB forecast Current candle stick formation seems to point to a rising wedge. This may mean that a breakout is imminent and the price may be pulled back. If a breakout occurs, traders can go short and put their support levels at 10.50. The post XRP, BTC and BNB Price Analysis and Prediction appeared first on ZyCrypto.

Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer

The SEC acknowledged a settlement with Gladius Network LLC today. Gladius raised almost $13 million in an ICO at the height of the crypto boom, from October to December 2017. The company tattled on itself last August, self-reporting potential violations to the SEC. As a result, the regulator has been gracious enough to opt not to impose additional financial penalties on Gladius. The catch? Gladius has to offer refunds on all ICO tokens. Gladius Reports Itself to the SEC The settlement is similar to the agreement NEO reached with Chinese regulators. In the case of NEO, the token had already The post Crypto Firm Gladius Tattles on Itself Before SEC Brings Down the Hammer appeared first on CCN

Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away”

Notorious billionaire and entrepreneur Elon Musk once again expressed his enthusiasm for cryptocurrency and blockchain technologies in the latest episode of ARK Invest’s FYI podcast: “On the Road to Full Autonomy With Elon Musk,” courtesy: In an interview for Tasha Keeney, Musk pointed out several advantages that cryptocurrencies have over traditional fiat money. For Musk, the future of finance goes hand by hand with a global adoption of cryptocurrencies as a means of payment. Musk supported Jack Dorsey’s idea that Bitcoin could become the native currency of the internet. This notion, which he described as “interesting” has been shared by several influencers such as Tone Vays, Jimmy Song and Max Keiser, who consider that although altcoins have important uses, Bitcoin is the best candidate to become the equivalent of money 2.0. Elon Musk: Bitcoin is The Future… But We’re Not There Yet However, aware that there is still a long way to go for cryptocurrencies to replace fiat money, Musk commented that at the moment he does not plan to invest in developments related to this technology, or even experiment with its use in Tesla: “I think that the Bitcoin structure was quite brilliant, it seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.” Musk pointed out that one of the advantages of using crypto is precisely that it gives users the freedom to carry out financial transactions without the restrictions imposed by banks or government agencies. When Keeney commented that certain governments impose restrictions on some inhabitants, Musk pointed out precisely that the cryptos were born to combat this excessive control and that in the future, fiat money as we know it “is going away.” “It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper.” Musk has had a presence in the community for his optimistic statements and vision of the role blockchain technologies will play in the society of the future. Previously during the scams boom on Twitter, Musk jokingly commented  At this point, I want ETH even if it is a scam — Elon Musk (@elonmusk) August 28, 2018 The post Elon Musk Praises Bitcoin: “Paper Money is Soon Going Away” appeared first on Ethereum World News.
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