Tuesday, February 11, 2014

Silk Road Scandals Still Burning Bitcoin Players

The bitcoin logo
The bitcoin logo (Photo credit: Wikipedia)
Bitcoin players are still being burned by the Silk Road scandals.  More continue to go to jail for money laundering and we suspect even more will continue to follow.  http://money.cnn.com/2014/01/27/technology/security/bitcoin-arrest/index.html?iid=obnetwork

The above link will take you to a story on CNN money for the latest on troubles surrounding Bitcoin trading.  It's not an issue with the currency itself, it's an issue with the ethics of those trying to take advantage of situations.  Bitcoin transactions are very traceable.  What are these idiots thinking?

In other news.  Bitcoin price values have taken a recent minor fall.  There is a lot of hype to the recent down market of Bitcoin, but it is still holding pretty strong around the $700.00 market per coin at the time of this article.  We do not expect to see a zero bottom like the naysayers like to predict.  It's just not there.
Enhanced by Zemanta

No comments:

Post a Comment

Thank You for taking the time to comment on this article. Please note, we moderate every comment before we allow it to post. Comments do not show up right away because of this.