Bitcoin-kit resulted in the movement of assets associated with Silk Road. It’s a $800 000 000

Recently unknown bitcoin whale moved more than 111 000 bitcoins and Bitcoin Cash in more than 80 wallets, each of whom received 1000 BTC. In 2014, these funds were scattered in numerous locations for 100 BTC.

This move, first noticed by users of social networks, includes assets that were originally derived from known addresses in the ecosystem of cryptocurrencies — 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a. Blockchain data show that the first transaction came from a wallet associated with the operator of Silk Road, known as “Dread Pirate Roberts” (DPR).

Initially, the address received funds July 2, 2011. One of the first transaction refers to another known address, allegedly belonging to Ross Ulbricht. The address was leaked on the Bitcointalk forum in the message, where the Ulbricht, under the alias “altoid” asked for help from the community.

This may mean that the address really belongs to Ross Ulbricht, but the dates of the transactions add up to the puzzle. Ulbricht was arrested on October 2, 2013 because he allegedly manages the account Dread Pirate Roberts, which was directly linked to the now defunct darknet marketplace the Silk Road.

The bitcoin wallet in question (let’s call it 1933) has distributed 111 000 BTC March 9, 2014 —after a long time after the FBI arrested Ulbricht and destroyed the Silk Road. At that time, 1933, they divided funds into 60,000 coins and 30,000 coins and so on until I got 100 coins to the address.

This behavior in the blockchain often means that the owner of the coins used coin mixers, which mixes a transaction with the purpose to confuse the trail.

At the time Ulbricht was in custody, thus the events are consistent with the theory, presented by his lawyer, account Dread Pirate Roberts was not controlled by one person.

March 9, 2014, as mentioned above, when 1933 he spread his 111 000 BTC, the blog of the head of MtGox Mark Karpeles appeared the post from the face of hackers, who accused the leader of the exchange in the lies and deception of the bitcoin community. Hackers have published a link to a 700-megabyte files with copies of databases and reports on work exchange and home address and other personal information of the Karpeles.

Although at first glance this may seem unrelated, but the blockchain Wallet Explorer, Explorer shows that in 1933 worked with “MtGoxandOthers”, i.e., it received funds from the addresses associated with the now defunct cryptocurrency exchange MtGox.

Most likely 1933 has used the exchange for trading bitcoins. Owned if this address is DPR or not, the owner clearly feared for his safety after Mt Gox data was publicly released. The use of coin-mixer would have helped the man behind 1933, safely hide their assets either from hackers or from government agents trying to take over the rest of the bitcoins Silk Road.

Mt Gox at that time was the dominant cryptocurrency exchange. DPR, or any other bitcoin whale, most likely, used it to exchange their cryptocurrency for Fiat.

It is currently unclear why 1933 transferred bitcoins from hundreds of addresses per thousand. The petition for the pardon of Ross Ulbricht has almost collected the required 70,000 signatures, which could mean that he plans to use the funds if you are a free man.

His condition, not counting coins from multiple forks, is nearly $ 1 billion. Again came to the movement 111 114, 61 BTC for upwards of 773 million dollars, and the same amount of BCash — 59,7 million dollars. It is worth noting that, despite the bear market, which led to a record drop from $ 20 000 to $ 7 000, the owner of the wallet 1933 never sold any coins.

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Whether the EU will toughen rules for the regulation of cryptocurrencies, influencing the price of Bitcoin?

The Finance Ministers of the member countries of the European Union are closely studying cryptocurrency and regulatory problems that they create. Politicians are planning to discuss whether to tighten regulations, as well as to examine the problems, including the lack of transparency in the industry, the misuse of digital currencies for illegal purposes such as money laundering, tax evasion and the financing of terrorism.

The meeting will be held in Vienna on 7 September, during which, according to the documents, European regulators will consider ICO as “an effective way of raising capital”. Ministers are keen to find a way by which cryptocurrencies will be able to upgrade the existing economic system. It remains unclear whether taken any strict limitations that affect the cryptocurrency markets.

Regulators in China, of course, worked tirelessly to completely eliminate crypto-currencies from the country, but most States have adopted a much more reasoned approach to the industry. Although it is unclear what will be the outcome of the forthcoming meeting of Finance Ministers of the EU countries, policy explicitly took a position of “do no harm”, allowing the innovation to progress, and trying to reduce the number of fraud and illegal activities.

Regulatory groups in the United States send investors mixed signals, although their approaches in General look reasonable. The Commission on securities and exchange Commission (SEC) remains relatively quiet concerning cryptocurrency regulation, but rejects countless of applications for ETFs because of fears of “market manipulation” and volatility.

Regulatory counterpart, SEC, Commission on trade commodity futures (CFTC) expressed support for the cryptocurrency markets, stating that technology and investors deserve “respect”, and that regulations should act only in the interests of markets and investors.

It is noteworthy that Treasury Secretary Steve Mnuchin spoke this week in defense in the cryptocurrency industry from spyware. In the report of its Fintech Department, addressed to the President of the United States Donald Trump, Mnuchin said:

“At the international level, many countries have established different regulatory “sandbox” — testing grounds for innovation… Although the approach in the United States is complicated by the fragmentation of our system of financial regulation, the Treasury is committed to working with Federal and state financial regulators to create a single solution that performs all the tasks — in fact, the aforementioned sandbox.”

Mnuchin also added that the United States should “be aware of developments in technology and the right to adapt the rules so that they do not restrict innovation”, referring to the encryption technology and the blockchain.

Japan has concentrated on the regulation of cryptocurrency exchanges, and not on the cryptocurrency markets in General. That is why Japanese regulators have focused on anonymous cryptocurrencies such as Monero and zcash for causing the exchange to hold their delisting.

Japan has also taken steps to reduce speculative investment associated with cryptocurrencies, for example, imposed restrictions on trade with leverage, which prevents transactions with the borrowing of funds and high risks.

To the extent that, as cryptocurrency markets continue to grow, and adoption becomes more common, it is assumed that global regulators will cooperate to support innovation and protect investors ‘ funds.

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Yahoo Finance integrates the ability to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash

Yahoo Finance has integrated the ability to conduct trading transactions with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Cash and Bitcoin on its platform.

Although data on the price of these and some other cryptocurrencies (e.g. Ethereum Classic (ETC) and the EOS) is already present for some time on the platform, still not had the opportunity to purchase any of them.

Many analysts say that although Yahoo Finance did it without fanfare, it is nevertheless an important step towards the adoption of cryptocurrencies.

Option works only for US residents, as the purchase is through Coinbase or Robinhood.

BTC at the moment continues to trade slightly above the $ 7,000.

ETH is trading around $ 288 and for the last day fell by about 2 percent.

According to CoinMarketCap, LTC is currently trading in the area of 61.48 USD and the price for the last day did not change significantly.

As Bitcoin Cash, the cryptocurrency is trading around 548 dollars, and in recent days the price dropped slightly (by 1.25%).

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Recorded two transactions worth billions of dollars in XRP. Who is behind this?

In the registry XRP, August 28, there were two transactions in aggregate exceeding $ 2 billion.

Interesting is the fact that the Commission for both transactions amounted to a total of 0.000012 XRP, i.e. less than one US cent, and the transaction took only a few seconds.

The details of the first transaction in the amount of 2.1 billion XRP (about 740 million USD).

The second transaction in the amount of 4.6 billion XRP, which is the equivalent of 1.6 billion dollars, occurred just a few minutes.

Together it is approximately 6.7% of the total XRP. Of course, that the operation of this scale has caused heated discussion among investors XRP. According to one of the most plausible versions of the tools have been moved from wallets jed Machalaba, one of the founders of Stellar, and in the past (until 2013) technical Director at Ripple, wallets Ripple Ripple Distribution and Holding, respectively.

Jed Machaleb known as an unreliable investor in XRP, so many Ripple supporters took the transaction as a positive step.

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