Tag - Silk Road
This week heralds the return of the long-dormant MacNN podcast! Join this week's hosts, MacNN editor Charles Martin, alongside staff writer Michelle Elbert, as they discuss the events that got our attention, needed further discussion, or just plain tickled our fancy.
The founder and creator of the now-shuttered black market site Silk Road, Ross William Ulbricht, was found guilty by a jury of six men and six women, who deliberated for just 3.5 hours following a week-long trial. The case began in 2013, when Ulbricht was arrested in a library and his laptop seized. Ulbricht denied being the site's leader, the "Dread Pirate Roberts" (a reference from the movie The Princess Bride of a feared foe whose mantle is periodically taken up by successors), claiming that others ran the site. The jury did not believe him.
The trial of Ross Ulbricht in connection with the online BitCoin-fueled drug market known as Silk Road continued today with the testimony of a buyer-turned-dealer. Previously, the defense had attempted to suggest Ulbricht was framed, while the prosecution brought in an auditor to show that a chunk of Ulbricht's current reserve of BitCoins was obtained through Silk Road-related transactions.
The latest update in the trial of Ross Ulbricht's involvement with the controversial but now-closed Silk Road contraband market site involves Ulbricht's collection of bitcoins. A researcher who has audited the stash claims that approximately 20 percent of Ulbricht's bitcoin funds were transferred directly from Silk Road to his accounts, a transaction that would have been worth close to $3 million based on the value of the digital currency at the time.
Homeland Security special agent Jared Der-Yeghiayan took the stand recently in the trial of Ross Ulbricht, who stands accused of running a drug trafficking website called "The Silk Road" that operated for over two years, largely as a marketplace for illegal drugs, stolen data and other criminal activity. Under cross, the defense attempted to claim that former Mt. Gox chief Mark Karpeles was in fact the real owner, who went by the pseudonymous name "Dread Pirate Roberts."
The United States Marshals Service (USMS) will be holding a second Bitcoin auction, selling part of a collection seized during the take-down of Silk Road. The auction will involve the sale of 50,000 bitcoins, previously owned by Ross Ulbricht, with the current $400 value for each coin giving the entire collection a total worth of around $20 million when sold.
The US Marshals Service has completed its auction of the Bitcoins it seized from the raid and shutdown of alleged online drug marketplace Silk Road. The 12-hour auction consisted of nine blocks of 3,000 bitcoin, and one block of 2,757 bitcoins. At current exchange rates, the auction was valued at $17.7 million dollars.
The United States Marshals Service will be selling off the collection of Bitcoin it seized following the take-down of black-market drug site Silk Road. Almost 30,000 Bitcoins will be sold in the online auction on June 27th, with the pool estimated at current exchange rate prices to be worth a total of $17.91 million at the time of writing, down from the $27 million it was originally expected to fetch during initial reports of the sale in January.
The US Marshals Service may soon be tasked with liquidating $26.5 million worth of Bitcoin that was seized last year during the Silk Road takedown. Federal prosecutors in New York recently finalized the forfeiture of 29,655 Bitcoins from the Silk Road servers, while another 144,336 Bitcoins--worth approximately $129 million--awaits formal forfeiture as the government proceeds with its prosecution of alleged Silk Road founder Ross William Ulbricht.
Now AAPL Stock: 93.64 ( -0.1 )
Maps adds transit for Rio Olympics
On Monday, Apple added public transit directions for Rio de Janeiro in Brazil to its Apple Maps program in advance of the 2016 Summer Olympics, which begin on August 5. The addition marks the first time a Brazilian city has gotten the upgraded public transit maps, which include station maps as well as transit schedules and tracking. The transit directions cover ferries as well as bus, subway, and light rail lines. The company has recently expanded transit directions to Montreal in Canada, and Seattle, Portand (Oregon), and other US cities.
Ive opens Met Gala fundraiser in NYC
On Monday, Apple SVP of Design Sir Jonathan Ive opened the press preview of the annual Met Gala fundraiser for the Metropolitan Museum of Art's Costume Institute in New York City. Ive is serving as co-chair with Vogue editor Anna Wintour, and Apple is helping sponsor the event, which is themed "Manus x Machina: Fashion in an Age of Technology." He said the company is "thrilled" to participate in the Gala, and tied the company to the theme by saying that Apple's goal "has always been to try to create objects as beautiful as they are functional," adding that the company is "only starting" on its path of making products "more personal." http://bit.ly/1Y3EHKg
Tim Cook on CNBC Mad Money tonight
Apple CEO Tim Cook will be making an hour-long appearance on CNBC's investment show Mad Money this evening at 6PM ET. Slated for discussion, according to CNBC, are "Apple's future in China, Cook's outlook on innovation, what's next for iPhone, the Apple Watch, growth of Apple services and whether there are any potential acquisitions coming, among others."
Dev hacks Windows 95 onto Apple Watch
A developer has created a YouTube video that shows off a working version of Windows 95 running (very slowly) on an Apple Watch. Creator Nick Lee says that the OS takes about an hour to boot on the Watch because it is running in emulation rather than natively. While the project has no practical value, it does demonstrate how powerful mobile devices are in comparison to computers from the beginning of this century, as well as illustrating how far computing has come in the last 15 years -- long before smartphones, tablets, the cloud, and many more innovations that have come about since. http://bit.ly/1Y3AS85
WhatsApp working on Mac desktop app?
Allegedly-leaked information from a WhatsApp beta enthusiast account on Twitter appears to suggest that the messaging service and app maker may be developing native Mac and Windows versions, allowing users who sign up with the service to text each other all over the world using either Wi-Fi or cellular data. The source of the documents is in question, but it would not be unusual for the service to expand onto Mac and Windows desktops. WhatsApp is currently available for iOS, Android, BlackBerry, Nokia, Symbian, and Windows Phone. http://bit.ly/1Ura0zN
Drake's Views an iTunes, Music exclusive
Drake's new album Views (formerly known as Views from the 6) has debuted on iTunes and Apple Music as an exclusive in the first week of its release. The singles Once Dance and Pop Style, however, are available elsewhere in the interim. Securing exclusives from leading artists has been a key strategy that Apple has adopted in trying to attract users to its services. Most notably, Taylor Swift's hugely popular 1989remains unavailable to users of competing services like Spotify or Tidal. http://apple.co/1NLwsSH
TSMC chip sales to Apple jump $2B in 2015
Apple A9 and A9X chip supplier TSMC saw sales to Apple jump $2 billion in 2015. TSMC's fabrication partnership with Apple on the A-series processor helped drive its revenue to $26.4 billion, up six percent over the previous year, although its dependence on Apple's chip orders meant that without its business, TSMC's revenue would have actually declined by two percent. The Taiwan-based chip maker is currently sharing Apple's A9-series chip supplies with Samsung, although is rumored to be gaining all Apple's orders for the next-generation Apple A10 chips. http://bit.ly/24tCE6e