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Back You are here: Home World News World News United States Bitcoin Prices Plunge on Bust of Online ‘Black Market’

Bitcoin Prices Plunge on Bust of Online ‘Black Market’

The price of Bitcoins listed on the Bitstamp Ltd. exchange plunged as much as 33 percent after charges were unsealed for the operator of an online marketplace for drugs and other illicit goods.

 

Ross William Ulbricht, who runs the “Silk Road Hidden Website” was charged in federal court in New York today for running a “sprawling black-market bazaar” where anonymous users conducted transactions with Bitcoins. Full Story