Share this article

Silk Road: One Year On

CoinDesk examines how Silk Road rocked the bitcoin world and created shockwaves that are still being felt today.

Updated Feb 9, 2023, 1:25 p.m. Published Oct 3, 2014, 1:41 p.m.
Silk Road
Silk-Road-Article-Banner-v3
Silk-Road-Article-Banner-v3

A year has passed since the FBI shut down black marketplace Silk Road and arrested its alleged founder, Ross William Ulbricht.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Much has happened in the bitcoin world since these events, yet the shadow of Silk Road still hangs over the industry.

Twelve months later, it remains an influence on bitcoin’s mainstream perception, the proposed regulation targeting the industry and the entrepreneurs and developers working in the space.

Whether you believe Silk Road to be another speed bump on bitcoin’s road to mass adoption or a black mark that could threaten its future, it is never far from the discussion. Meanwhile, Ulbricht’s case is still ongoing and online, bitcoin-enabled drug bazaars are flourishing more than ever.

This week, to mark the anniversary of Silk Road's end, CoinDesk takes a look at how the site rocked the bitcoin world and created shockwaves that are still being felt today.

Silk Road: One Year On

will bring you a collection of features, interactive timelines and articles about Silk Road, Ross Ulbricht and the mysterious world that is the dark web.

You'll gain insight into what the big names in the bitcoin space really think about Ulbricht’s ongoing legal battle and you’ll hear from his mother, Lyn, about why, one year later, she won’t stop fighting for her son’s freedom.

Not only that, but you’ll get the chance to learn more about the dark web and how this corner of the Internet appears to be growing, despite Silk Road’s demise and the attempts of law enforcement agencies.

Look out for part one of Silk Road: One Year On later today.

To refresh your memory of the full Silk Road story, check out our interactive timeline below:

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin

BTC drops as Kevin Warsh emerges as contender for the Fed job.

BTC fell deeper to nearly $81,000 late Thursday as Warsh's odds surged in betting markets.

What to know:

  • President Donald Trump is expected to soon announce a successor to Federal Reserve Chair Jerome Powell, with former Fed Governor Kevin Warsh emerging as a leading contender.
  • Warsh's record of prioritizing inflation risks during the global financial crisis and his bias for monetary discipline has spooked analysts and markets.
  • BTC fell deeper to nearly $81,000 late Thursday as Warsh's odds surged in betting markets.