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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200,000 People Have Signed Ross Ulbricht’s Clemency Petition

Ross Ulbricht is forced to spend the rest of his life in prison, and October 1 marked the beginning of his seventh year behind bars. Ulbricht has recently authored a letter explaining that he’s “forgotten what freedom actually feels like” and he’s also realized that he lost some of the “best years of his life.” Meanwhile, Ulbricht’s clemency petition has been gaining significant traction and has gathered more than 212,000 signatures to date. Also read: Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin Ross Ulbricht’s Seventh Year Behind Bars Begins It’s been six years since Ross Ulbricht was arrested and put behind bars for his involvement with the Silk Road marketplace. The 35-year old is serving a double life sentence, plus 40 years without the possibility of parole. He was arrested in October 2013 by the FBI in the San Francisco Public Library and this month marks the start of his seventh revolution around the sun locked in prison. A week before his seventh year anniversary, Ulbricht wrote a meaningful letter about how Bitcoin equals freedom. Ulbricht recalled the early days when two pizzas were sold for 10,000 BTC and he said at the time no one knew how the experiment would turn out. However, Ulbricht insists the power behind the Bitcoin phenomenon came from the dream, a conviction and “enough infectious enthusiasm to bootstrap a digital contrivance into a multi-billion dollar phenomenon we are only beginning to see the effects of.” He says it was like “magic” that bitcoins became valuable without authoritative decree because of the community’s passionate vision. Ulbricht adds: Bitcoin did not appear in a vacuum. It was a solution to a problem cryptographers had been struggling with for many years: How to create digital money with no central authority that couldn’t be forged and could be trusted. A week later, Ulbricht wrote another letter to his supporters explaining how he was starting to spend his seventh year in a cage. He says that even though he can imagine freedom, he forgot what freedom feels like. “Living in my own space, choosing who to be with, where to go, and living into a future of possibilities and growth — These have become foreign to me.” Ulbricht continued by saying that he’s lost some of the “best years of his life” and asked what will keep him there another year. “What will it cost — And what opportunities are being missed?” Ulbricht’s recent letter from Oct. 1, 2019. The heartfelt letter was shared across social media and many supporters tagged Donald Trump on Twitter asking the U.S. President to pardon Ulbricht. Additionally, Ulbricht’s mother Lyn Ulbricht recently appeared on the Free the People podcast, on October 2, in an episode called “Does the Silk Road Founder Deserve Two Centuries in Prison?” Lyn joined Matt Kibbe in a discussion in regards to the “cruel and unusual punishment inflicted on her son by the criminal justice system.” In one clip Lyn insisted: “He’s being held accountable for and responsible for everything that happened on a website that he was not controlling,” Lyn insisted during her interview with Free the People. “[Moderators] did monitor it for things that created victims but he wasn’t controlling it. If it were a civil case they wouldn’t do that because there is a law where you cannot hold a website host accountable for what is said and done on the site.” She added: But because it was a criminal case that [law is] not covered but it’s exactly the same principle its vicarious liability — It’s extending the criminal liability umbrella to include things you didn’t even do. Lyn Ulbricht discussed her son’s situation on the Free the People podcast. Close to a Quarter of a Million Petitioners Want Ross to See Freedom The website Freeross.org emphasizes that there is a growing consensus that “Ross’s case is a miscarriage of justice and over 100 eminent organizations and individuals have voiced their support.” Many freedom lovers agree with Lyn’s opinion and have been supporting Ulbricht for years. The well known actor and documentary film director Alex Winter said that no matter where you stand on the Silk Road and Ross’s case, “this is an egregious sentence.” “It cannot be denied that the sentence Ross Ulbricht received was unnecessarily inhumane and frankly horrific,” Winter added. Jeff Deist, president of the Mises Institute has also called Ulbricht’s sentence a miscarriage. “Clearly Mr. Ulbricht is the victim of shocking injustice,” Deist stressed. The list of popular activists and global influencers who support Ross Ulbricht’s freedom is quite massive and continues to grow. Lyn’s recent interview and Ross Ulbricht’s letters have made a lot of people question whether or not imprisoning non-violent offenders in cages is moral. Thousands of people have voiced their opinion over the years supporting Ulbricht and have declared that his double-life sentence is draconian given the victimless nature of his crime. Ulbricht’s family and a great number of supporters behind him have been relentlessly getting people to sign a petition for Ulbricht’s clemency. The petition addressed to U.S. President Donald Trump asks the American leader to free Ross by pardon. “Mr. President, please commute Ross Ulbricht’s unjust sentence,” the petition reads. Ulbricht’s clemency petition has close to a quarter of a million signatures and the Ulbricht’s are shooting for a whole lot more. In the last few weeks, especially after profound letters to the public, Ulbricht’s petition has gained a lot of steam and so far it has gathered a whopping 212,000 signatures. With close to a quarter of a million people supporting Ulbricht’s clemency, the family is shooting for a lot more signatures. Ulbricht’s petition appeal to the President says Ross still clings to hope of getting a second chance. The hundreds of thousands of signatures so far show people wholeheartedly support his freedom. “[Ross wants] a future where he can be reunited with his loved ones, and use his education, knowledge, and skills to give to his community and society as a whole — Please sign this petition and help us bring Ross home,” the clemency appeal concludes. What do you think about Ross Ulbricht spending his life in prison for operating a website? Let us know what you think about this subject in the comments section below. Image credits: Freeross.org, Shutterstock, Change.org, Free the People, Twitter, and Pixabay. Do you want to dig deeper into Bitcoin? Explore past and present cryptocurrency prices through our Bitcoin Markets tool and head to our Blockchain Explorer to view specific transactions, addresses, and blocks. The post 200,000 People Have Signed Ross Ulbricht’s Clemency Petition appeared first on Bitcoin News.
Bitcoin News

Ross Ulbricht Starts His Seventh Year in Prison

Since the unraveling of Silk Road, its creator, Ross Ulbricht, has served six full years since his initial imprisonment. All this time is just a small dent on the double life sentence plus 40 years that Ulbricht received in May 2015, on charges of money-laundering and conspiracy to traffic narcotics. October 1 marks the anniversary of Ulbricht’s imprisonment, reawakening the petition to grant him clemency. Crypto personality Pete McCormack spread the last hand-written message by Ulbricht, calling for clemency and reflecting on his imprisonment: #FreeRoss pic.twitter.com/Douxaiu5pX — Peter McCormack (@PeterMcCormack) October 1, 2019 Silk Road Made Bitcoin Famous Silk Road, the original darknet site, openly offered illegal substances, and was probably the first bid of fame for Bitcoin (BTC). The site was tolerated for years, before the law finally closed in, choosing Ross Ulbricht as the chief culprit. Known as Dread Pirate Roberts, he was arrested in San Francisco. A few days later, the new administrators of the site, again working under the Dread Pirate Roberts pseudonym, were also arrested. The Silk Road is now closed, though with a promise that a new Dread Pirate Roberts would one day reopen it. Ulbricht, 35, has expressed hopes he would be set free before he turns 36. But despite the continuing petition to reverse the sentence and let him out of prison, the task seems even farther away as he enters the seventh year of imprisonment. Petition to Free Ulbricht Closer to Goal The petition to free Ulbricht has collected 211,337 signatures as of October 2, aiming for 300,000 signatures. The hope is to present the case for Ross Ulbricht’s pardon before the US President Donald Trump. The petition now runs in a climate that is much more hostile to all attempts of circumventing the law. Still, crypto assets are being used once again on dark markets, and may be a new source of terrorism financing. The closing of Silk Road has not stopped the attempts to hide funds using either BTC or anonymous coins. After 2020, regulations on crypto usage may become even stricter, requiring even wallet providers to monitor their users. Exchanges are almost universally de-anonymizing their users, and widely used coin mixers are no longer operating freely. Law enforcement is also monitoring the Bitcoin network and marks addresses potentially tainted by criminal activity. The conditions in 2019 are thus not friendly to releasing Ross Ulbricht. Crypto supporters commented that the drive to personal freedom has almost been lost, as one of the core ideas of Bitcoin. What do you think about Ulbricht’s imprisonment? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @PeterMcCormack The post Ross Ulbricht Starts His Seventh Year in Prison appeared first on Bitcoinist.com.
Bitcoinist

Bitcoin became a medium of exchange without force unlike fiat money, claims Silk Road’s Ross Ulbricht

“Bitcoin didn’t start out as money, it became money,” read a letter drafted by Ross Ulbricht, the infamous creator of  darknet website, Silk Road. Being one of the first to spread Bitcoin’s use and mass adoption, Ulbricht highlighted how Bitcoin, while having no prior value, became a medium of exchange without force. He further contrasted […] The post Bitcoin became a medium of exchange without force unlike fiat money, claims Silk Road’s Ross Ulbricht appeared first on AMBCrypto.
AMBCrypto

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 Change.org 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 Bitcoinist.com.
Bitcoinist

Who deserves this? Ross Ulbricht questions U.S. government’s intent toward privacy and freedom

Ross Ulbricht is best known for being one of the rare individuals to serve two life sentences without parole for creating and operating darknet website, Silk Road. Ulbricht shared a hand-written article named ‘Who Deserves This?’ from the other side of his cage, as an urge to the general public to fight for his freedom. While the […] The post Who deserves this? Ross Ulbricht questions U.S. government’s intent toward privacy and freedom appeared first on AMBCrypto.
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NEO, VeChain Shoots Up As China Warms Up To Blockchain

Cryptos with links to China are seeing huge leaps as the rest of the market remains relatively quiet, thanks to some recent events that suggest that the Chinese government might be finally ready to open the doors for cryptos. It’s notable that some time back, China banned all crypto-related activities in the country, prompting various exchanges in the country like Binance to leave. A recent announcement by the Chinese president seems to have fueled a rather serious price surge for cryptos like VeChain and NEO. Granted, the two cryptos have been known to have strong links to China. China’s President publicly endorsed Blockchain development in the country, at the 18th collective study of the Political Bureau of the Central Committee held in China, President Xi Jinping delivered a speech to the members of the Political Bureau of the CPC Central Committee where he broadly stressed the importance of Blockchain as an independent innovation for technological breakthrough that must be developed in order to speed up its technological use case in the country. China Will Invest In Blockchain In a new report, it’s revealed that China is planning to invest around $2 billion in blockchain projects within the country over the next few years. This announcement caused a ripple effect, with almost the entire crypto market feeling the push. NEO gained by over 50% while VeChain has seen a cool 100% upsurge since Xi spoke. While the rest of the market also reacted positively to the news, the surge wasn’t as intense as that seen with NEO and VeChain. On average, the rest of the market managed to only gain around 17% following Xi’s pro-blockchain announcement. However, it’s still agreeable that the announcement has been very well received in the industry. In fact, following the news, Binance has expressed interest in opening up a branch in the Chinese capital, Beijing.  Chinese Media Publishing Crypto And Blockchain Content  Besides the Chinese government supporting the blockchain technology, the media, too, seems to have developed some love for cryptos. A state-owned media outlet has been publishing crypto and blockchain-related content in an effort to educate members of the public about them. In fact, one of the publications was entirely dedicated to Bitcoin and occupied the outlet’s front page.  The post NEO, VeChain Shoots Up As China Warms Up To Blockchain appeared first on ZyCrypto.
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Alibaba to Reward Free Bitcoin Through Shopping App Lolli

The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now got involved in the space. The company has created a partnership with Lolli, a shopping rewards app, and by way of that partnership, Alibaba shoppers can claim 5% of their rewards in the form of Bitcoin. Major Details In ... ﾿ Read The Full Article On CryptoCurrencyNews.com 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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NEO Spikes 100% Thanks to China’s Surprising Blockchain PivotNEO Spikes 100% Thanks to China's Surprising Blockchain Pivot

NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced […] The post NEO Spikes 100% Thanks to China’s Surprising Blockchain Pivot appeared first on CCN.com China's blockchain pivot has launched NEO, a cryptocurrency nicknamed the "Chinese Ethereum," to a phenomenal 100% rally.
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Ant Financial of Alibaba Opens Up Blockchain Testing for Small and Medium-Sized Businesses

The fintech Alibaba Group firm Ant Financial is in tests for a blockchain network meant to help small and medium businesses. Its senior director for technology and business innovation Jieli Li has spoken at the Wuzhen World Blockchain Summit. He said that the technology for the Ant Blockchain Open Alliance should be live soon, three […]
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