Silk Road Founder Arrested While Bitcoins Plummet

Silk Road Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the closed down of Silk Road,a plummet in exchange rates, and a new live-streaming site.

It’s been quite a week for Bitcoins within the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by their handle ‘Dread Pirate Roberts’, but evidently known to the feds just a little more intimately as Ross William Ulbricht- plus the seizure and shut down of the Silk Road site itself. Silk Road ended up being an exclusively Bitcoin gambling site, well-known to numerous as an available market for illegal drugs and much more; the web site’s just under a million registered users were usually cash launderers, according to the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as probably the most sophisticated and extensive unlawful marketplace on the web today,’ FBI Special Agent Christopher Tarbell noted within the issue. Tarbell added that within the past 2 1/2 years, Silk path generated some $1.3 billion worth of equivalent Bitcoin trades and netted $85 million in commissions for itself, frequently for things as macabre as employing hitmen, searching for computer hackers or purchasing illegal weapons.

Major Rate Volatility Ensues

Meanwhile merely a few days following the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, whenever rat Continue reading “Silk Road Founder Arrested While Bitcoins Plummet”

Global Gaming Expo Big Business in Las Vegas

Global Gaming Expo Big Business in Las Vegas

Avatar, the casino game, was unveiled during the latest international Gaming Expo (G2E) in Las Vegas this week

Anyone who is anyone within the gambling industry could be found in Las vegas, nevada this week; that’s where the worldwide Gaming Expo was happening, a gathering of 25,000 attendees that are all interested in seeing where in actuality the worldwide gambling market will be headed over the next year.

Easing Up on Regulations Major Focus

At the conference understood as G2E there have been a true number of major issues discussed. American Gaming Association leader Geoff Freeman noted that his biggest priority are to push state regulators to unify and lighten the regulations up on the casino industry into the United States, in order to make it easier for companies to innovate throughout the country.

‘Our industry isn’t allowed to upgrade due to the regulatory environment,’ Freeman said. ‘That’s something we have to address. You want to be controlled. But, you will find places that it crosses the line and really affects innovation and makes us less competitive. Each state that is new comes on feels like they have to turn the screws only a little bit tighter than the one before.’

But before some of the many essential issues facing the industry could get attention, the meeting was kicked off with a spectacular opening ceremony and all of the glitz and glamour that the realm of gambling needs to offer.

Entertainment Continue reading “Global Gaming Expo Big Business in Las Vegas”