Tag: Bitcoin
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Students bet on blockchain
Bitcoin gained international attention in early December when it experienced a meteoric rise in value, quickly followed by a nearly 50 percent drop. While one UTD professor has written the currency off as a speculative bubble waiting to burst, a UTD organization is capitalizing off the cryptocurrency boom. Computer science senior Michael Lewellen is president…
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Feds seize Ulbricht, shut down site
The FBI arrested a UTD alumnus on Oct. 1, allegedly the leader behind Silk Road, an underground black market website. Ross Ulbricht, a 2006 graduate, was arrested in a branch of the San Francisco Public Library and indicted on charges in money laundering, computer hacking and narcotics trafficking conspiracy. The Department of Justice seized Silk…
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Silk Road and the Deep Web
Silk Road, the online black market that generated millions of dollars in drug sale commissions, was shut down by various federal agencies on Oct. 2. Notorious for the ease at which users could buy illegal drugs, the website had been in operation since January 2011. Silk Road was able to remain hidden from authorities by…