The value of bitcoins has dropped after the closure of the clandestine Silk Road online marketplace. The FBI seized bitcoins worth approximately $3.6m (£2.2m) on Tuesday. The price of a bitcoin, a virtual currency for use online, fell steeply after the arrest of suspected website administrator Ross Ulbricht. Investor confidence may have been shaken by the association of bitcoins with illegal activity, according to a security expert. Please turn on JavaScript. Media requires JavaScript to play.
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Bitcoin falls after Silk Road arrest
Thursday, October 3, 2013
Bitcoin falls after Silk Road arrest
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