[2014-09-07] Bitcoin Price More Weakness Than You Might Think

[ganabb]

http://www.marketoracle.co.uk/Article47219.html

Prosecutors said Faiella, 54, operated an underground bitcoin exchange on Silk Road under the name "BTCKing," providing currency for users engaged in illicit drug trafficking.

Shrem processed transactions for Faiella through BitInstant despite knowing the bitcoin would eventually find their way to Silk Road, where the funds would be used for drugs, he said in court.