Some industry observers see the rise in Bitcoin value as a bloated valuation.
Silk Road
Breaking News
Former Silk Road administrators confirmed that the Silk Road marketplace on silkroad6ownowfk.onion was the real deal.
An estimated USD 28 million worth of bitcoins was confiscated by authorities from the computer hardware of Ross William Ulbricht.
According to a Reuters report, the value of bitcoins had decreased following the arrest of Silk Road, an underground website allegedly selling illegal products and services.
The Federal Bureau of Investigation shut down the illegal operations of Silk Road, an online black market for illegal goods and services.
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
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