Bitcoin Collapses Following Silk Road Shutdown

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Wednesday, October 2, 2013 Bitcoin Collapses Following Silk Road Shutdown Today the FBI seized and shut down Silk Road, a website that allowed customers to buy illegal drugs using Bitcoin. As part of the bust, the government took 26,000 Bitcoins, or the equivalent of about $3.2 million, from Silk Road. Following the news, Bitcoin's value began to collapse. Early this morning, one Bitcoin was worth about $123. As of this writing, it's hovering around $100.  Here's a chart that shows Bitcoin's collapse today. You can see where exactly where the Silk Road news hits. Read » Also On Tech Today: VIDEO: Alleged Silk Road Founder Recounts Doing Psychedelic Drugs With His First Love Why Apple Should Tell Carl Icahn To Stuff It Advertisement CHART OF THE DAY: How Samsung Made Its New Smartphone Perform So Well In Speed Tests CHART OF THE DAY: BlackBerry's Dwindling Smartphone Shipments CHART OF THE DAY: Twitter Is Still Very Small Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Tech RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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