Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

US seizes $1bn in bitcoin linked to Silk Road site

Posted on November 6, 2020 by Admin

DoJ is suing for formal forfeiture of funds after tracking down the person holding them

The US government has seized more than $1bn worth of bitcoins connected to the shuttered darknet marketplace Silk Road and is suing for formal forfeiture of the funds.

The case is the biggest cryptocurrency seizure in history, and explains why the bitcoins changed hands this week. Analysts had noticed the transfer on the public blockchain and speculated that it was either due to an unknown Silk Road co-conspirator attempting to cash out, or because the funds had been stolen by hackers.

Italy rattles US and EU with likely support for China’s Belt and Road

Posted on March 20, 2019 by Admin

Leaders set to endorse Italy’s role in ‘Silk Road’ trade network during Xi Jinping’s visit this week

Italy has signalled its determination to play a central role in China’s grand plan to build a Silk Road-styled global trade network, despite rattling its EU and US allies with its plan.

The country’s populist government is poised to endorse its participation in Beijing’s $1tn Belt and Road Initiative (BRI), a global trade project aimed at connecting Asia, the Middle East, Africa and Europe via a network of ports, railways, tunnels and other infrastructure, by signing a non-binding memorandum of understanding (MoU) during the Chinese president Xi Jinping’s visit to Italy this week.