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   1321

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.

US Presidental Candidate to Accept BTC Donations

OpenNode payment solution allowed fans of Andrew Yang to show support by sending Bitcoin donations using the
25 July 2019   387

Supporters of the US presidential candidate from the Democratic Party, Andrew Yang, launched the independent political actions committee of the Humanity Forward Fund, realizing in particular the possibility of bitcoin donations from Lightning wallets. It is reported by CoinDesk.

Technical integration of the solution was made possible through the OpenNode payment service.

The super PAC obviously wants to receive donations as large as possible. But at the same time, individuals who want to donate just a bit to Yang’s platform now have that opportunity. It allows the donors to have all of the amount go toward the actual donation rather than miner fees.
 

Afnan Rahman

CEO, OpenNode

According to representatives of the Humanity FWD, donations will be accepted exclusively in Bitcoins for 21 days after the launch of the committee. After this, it will be possible to support Young with fiat means.

At the same time, whether the Humanity FWD will store the received bitcoins or immediately convert them into Fiat, they have not yet decided in the committee.

Potentially earning or losing money creates additional regulatory requirements.
 

Seth Cohen

Founder, Humanity FWD 

He also stressed that the OpenNode commission of 1% is much lower than similar fees for processing services processing credit card transactions.

It is worth noting that one of the promises of Andrew Young, who is running for the US presidency, is “promoting legislation that provides clarity” for cryptocurrencies.

Young became the first participant in the 2020 race, who proposed a specific cryptocurrency policy. In particular, he intends to contribute to determining the status of a token [with recognition of the existence of utility tokens], powers of federal agencies, ensuring consumer protection in the field of cryptocurrency, developing a clear tax policy and creating a unified regulatory framework.