Friday, June 10, 2011

Bitcoin in trouble in the US?

The Internet barter system known as "Bitcoin," which makes it difficult for law enforcement to monitor online transactions, has raised the ire of two U.S. Senators who learned recently about a new website that lets Bitcoin users buy and sell illegal drugs.

In a letter to Attorney General Eric Holder and Drug Enforcement Agency (DEA) administrator Michele Leonhart, Sens. Charles Schumer (D-NY) and Joe Manchin (D-W.Va) called for action against the website "Silk Road," which was the subject of a recent report by Gawker.

1 comment:

Ryan Harris said...

The fx charts of bitcoins at Mt. Gox are hugely volatile on small volumes. I was shocked to see my 10 btc I bought for $60 were worth $260.00 now.