Silk Road Founder to be In Jail For Life

The US Supreme Court rejected a motion to review the life sentencing of Ross Ulbricht, founder of Dark Web market Silk Road
29 June 2018   1234

According to the Twitter-channel Free_Ross, the failure to consider the petition creates a precedent for other cases of legal claims from the 'defenders of the right to privacy in the network'. This is reported by CCN.

On January 23, 2018, one of the main experts on the work of the Supreme Court, Tom Goldstein, called the Ulbricht v. United States case one of the most likely candidates to be included in the hearing.

Currently, Ulbricht, who, under the pseudonym Dread Pirate Roberts, ran the Dark Web market that existed in 2011-2013, is serving a double life imprisonment without the right to early release for a number of crimes, including money laundering and illicit trafficking of drugs.

The verdict was made in May 2015, but, according to many observers, was unexpectedly tough: as the judge then stated, he thereby wanted to send a message to other darknet operators. 

For example, Ulbricht was found guilty of ordering a series of murders that had never been committed. In court, it has not been proven that these crimes took place, but this did not affect the judge's determination.

The lawyers of the founder of Silk Road, referring to the Fourth and Sixth Amendments to the US Constitution, consider all of the above to collect information about his Internet traffic without the necessary warrant or a good reason for detention, concealment of key evidence and violation of the right to a fair trial.

The fact that Ross Ulbricht intends to challenge his verdict in the Supreme Court of the United States, became known in December 2017. Earlier, he refused claims to millions of dollars in the bitcoins arrested by the US authorities.

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.