Feds Close Silk Road Arrest Owner Steal 26 000 Bitcoins
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Other details released on Wednesday show that the Fed's expansion of your monetary supply is possessing their desired effect of growing prices inside of a rate of 2 percent per year, with their latest projections predicting increases of 1.2-1.3 percent for 2013, 1.5-1.7 percent for 2014, 1.7-2.0 percent for 2015, and i.9-2.0 percent for 2016. The projected annual growth in gross domestic product (GDP) for 2013 and 2014 was revised downward through June projection, with the 2013 projection dropping to 2.0-2.3 percent from 2.3-2.6 percent, and the 2014 projection dropping to 2.9-3.1 percent from three.0-3.5 percent.
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On July. 2, U.S. law enforcement agencies shut down "Silk Road," an anonymous Internet marketplace on the Tor encrypted network. They arrested its alleged owner, Ross William Ulbricht, 29, in San francisco bay area on April. 1, and seized 26,000 Bitcoin s from him, the largest Bitcoin seizure in historic past. The Bitcoins had a value at period of $3.2 million.
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