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Silk Path Founder Arrested While Bitcoins Plummet

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the shut down of Silk Road,a plummet in exchange rates, and a new site that is live-streaming.

It’s been quite a week for Bitcoins within the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by their handle ‘Dread Pirate Roberts’, but evidently known to the feds just a little more intimately as Ross William Ulbricht- as well as the seizure and power down of the Silk Road web site itself. Silk path was an exclusively Bitcoin site that is gambling well-known to many being an open marketplace for illegal drugs and more; the web site’s just under a million registered users were frequently money launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as the most sophisticated and extensive criminal marketplace on the world wide web today,’ FBI Special Agent Christopher Tarbell noted within the grievance. Tarbell added that within the past 2 1/2 years, Silk Road generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, often for things as macabre as employing hitmen, searching for computer hackers or buying illegal weapons.

Major Rate Volatility Ensues

Meanwhile just a few times after the shut down of the site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, if the rates for

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Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of possibility? A new commissioned study says, ‘Why not?’

Florida is currently one of the more active states when it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of the venues appear likely to see slots arriving at them in the near future. And that’s ok, based on a new report that says such an expansion could have only a ‘minimal’ impact on the state from both an economic and social perspective.

Effect of Gambling Examined

That was the biggest finding from a report by the Spectrum Gaming Group, a New Jersey-based research firm that performed the analysis on behalf of the Florida Legislature. The report cost $400,000 to complete, and was taken in an effort to weigh the potential impact and costs of expanded gambling in the Sunshine State.

According to the report, those impacts could be small.

‘The expansion of casino gambling, whether on a little scale or extremely major, would have, at best, a moderately positive impact on the state economy,’ the report stated.

That conclusion isn’t more likely to excite or infuriate anybody. But more interesting, perhaps, was information gleaned about Florida’s current gambling market.

Based on the report, the average Floridian gambler spends about $866 per year on gambling. This is mostly about 16per cent less than the national average. Still, Florida residents account for about 93% of the $2.4 billion taken in every year by exis