This week’s summary of various cryptocurrency news and developments
Ross Ulbricht’s defense dispute trial fairness
Ross Ulbricht, also known as Dread Pirate Roberts (DPR), owner of the notorious dark marketplace Silk Road that was taken down in 2013, has been sentenced to two life sentences in prison without parole. His lawyer, Joshua Dratel, disputed the fairness of the trial and requested that his clients’ convections should be vacated.
According to Dratel, Ross Ulbricht’s Fifth and Sixth amendment rights were violated, as evidence regarding corrupt special agents Carl Mark Force IV and Shawn Bridges involved in his case was not allowed in court. Both of these agents have, in the past, confessed to corruption – they are currently both in prison.
Bitfinex to resume trading today
Earlier this month, the Hong Kong-based exchange Bitfinex was hacked and a total of $65 million worth of bitcoins were stolen. The impact on the community and the market was immediately felt, as the price of bitcoin itself fell as soon as the news broke. Nevertheless, the exchange has announced that today, at 16:00 UTC, trading will once again be enabled. Deposits and withdrawals will be possible for BTC, USD, ETH and ETC.