Here Are The New Digital Currencies That Hope To Become The “Bitcoin Of Pot”

“We’re the bad boys of cryptocurrency,” one founder said. View this image › dopecoin.com Two new cryptocurrencies hoping to make drug transactions more seamless are just hitting the market, aimed at assisting both legal marijuana businesses and the illegal drug market, the Huffington Post reports. Potcoin and DopeCoin, modeled after the controversial digital currency Bitcoin,…

Despite FBI Bust, Top Silk Road Drug Dealer Lives On

Approaching 10,000 transactions with a nearly flawless customer satisfaction rating, Angelina got evicted (in a sense) from her place of business. Undeterred, Angelina bounced back and found not just one, but two new places to peddle her goods — generic versions of Viagra and Levitra, as well as Propranolol and THC lollipops. Angelina was a…

The Silk Road Online Drug Marketplace by the Numbers

The FBI shut down the online drug marketplace Silk Road on Wednesday morning, just a few hours after agents arrested the site’s alleged administrator, Ross Ulbricht. Until then, Silk Road had relatively quietly become what the FBI itself refers to as “the most sophisticated and extensive criminal marketplace on the Internet.” In less than three…

Alleged Silk Road Mastermind Was a Dirty Hippie, Best Friend Says

Before a big physics final at the University of Texas at Dallas, two students blew off steam by playing a racquetball match. The students, both male, agreed the loser would wear a dress to the exam. As he recalled, Jaspreet Sidhu defeated his best friend and roommate, Ross Ulbricht, in the match. That was in…

4 Alleged Silk Road Meth Dealers Arrested in U.S.

A federal grand jury in Oregon has charged four Portland-area residents with selling methamphetamine through the defunct online black market Silk Road. Prosecutors say the four — Jason Weld Hagen, 39; Chelsea Leah Reder, 23; Richard Egan Webster, 45; and Donald Ross Bechen, 39 — conspired to sell 17 pounds of meth for a total…

What The Ross Ulbricht Case Could Mean For Internet Privacy Rights

Facebook You may not know the name Ross Ulbricht, but you almost certainly know of his alleged enterprise, The Silk Road. Best known as a dark web hub for buying and selling drugs using Bitcoin, the Silk Road was shut down by the FBI in 2013 after an investigation led them to Ulbricht. Seen as…