Page 33 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Be careful on those rhode island beaches. that's where the blast came from. this is why i don't go to the beach. see what else we have here. for ransom bit coin replaces the bag of bills. hackers are increasingly demanding payment in bit coin instead of cash. bit coins can be held in a digital wallet that doesn't have to be registered to any government and easily exchanged for money. single bit coin can be bought on the street easily. >> as high as $1,300 and back now at $290. >> bad investment it sounds like. >> they've lost big money on theby coin. >> absolutely. governments do not like givi...

Reason it took off, was it combined the anon-imity technology with bit coin a digital currency that is capable of being anonymised. it's not strength anons mouse, it's trackable -- anonymous, it's trackable. but once you combine bit coin with the dark net, they were off to the races. >> it motivation was what, ♪ >> -- money? >> politics it seems. the community that i was embedded with and dealing with architects of the silk road -- they were radical -- aarp trying to use technology to change drug policy. if they were staunch -- they were staunch opponents of the drug car. they felt it was a ...

The media. nothing has been proven as all. i don't know what's happened to the perception of innocence but it is a constitutional right that we are npt until proven guilty. >> joining me now, alex winter, the director of deep web, the untold story of bit coin and silk road. there are so many interesting parts with your documentary but i want to start with explaining to everybody what is silk road and how it's connected to the internet finances of bit coin. >> well the silk road was an online marketplace that appeared in an area of the internet called the dark net, which is part of the deep web...

The mastermind. he claimed to not be and the trial ended recently in new york and he was found guilty on all seven counts of creating and running this online drug marketplace. >> but we heard from his mother who claims that he is innocent. >> that's right. >> now we've got these arrests from the fed side of things does that layny credibility to to his innocence? >> i was at this trial in new york and it's a tricky trial because it involves bit coin a crypto currency used on the silk road a digital form of currency, unregulated and not connected to regular currency. it was very difficult to nav...

The grid? >> yes, maya angelo incredibly inspiring figure to millions around the world. >> we're having a discussion about putting american on american money, on the american dollar bill but who carries cash any more. >> you would be surprised the number of cash only places i have encountered here in new york. it's not just about how many people are carrying cash, but the message you're secondnding. and to this very you know -- >> is there a way to put a woman on bit coin? it does seem kind of funny that we're putting woman on currency -- >> but symbols matter. >> it's not like we haven't had ...