A petition calling on the White House to release Ross Ulbricht, the creator of the dark web marketplace Silk Road, has gathered more than 275,000 signatures. FreeRoss.org — an initiative created by a group of Ulbricht’s family, friends and supporters — has said that the momentum continues to grow and that they feel that a solution “could come soon.” Through an update on the online petitions website released on March 19, FreeRoss.org claimed Ross is “doing fine”. They have also reported that visits were canceled for 30 days, as a preventive measure against the COVID-19 pandemic. The online petition hopes …

Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a renaissance for the country’s cryptocurrency sector. In a March 21 interview with Inc42, Draper stated that he “met several Bitcoin and crypto startups” during a recent trip to India, adding that he “hope[s] to be able to …

Amid some notable recovery of Bitcoin (BTC) after a number of subsequent market crashes last week, billionaire investor Tim Draper delivered another optimistic forecast about Bitcoin. In a March 16 interview with 415 Stories podcast, Draper outlined decentralization powered by Bitcoin and other new technologies as a major tool that has the “ability to transform the biggest industries in the world.” “It will be Bitcoin, not banks and governments that save the day” According to Draper, Bitcoin will be one of the most crucial tools in the times of the recovery of the ongoing global financial crisis, opposing the major …

For the past decade, blockchain, Bitcoin (BTC) and other cryptocurrencies have disrupted everything they have touched — including banking, hedge funds, law enforcement, health care and real estate to name a few. Blockchain technology and cryptocurrencies are set to revolutionize many industries, yet this is only the beginning. However, despite the overall enthusiasm and excitement around cryptocurrencies and blockchain technology’s capacity to revolutionize the world as we know it, many of the world’s richest men have expressed mixed opinions. For instance, some billionaires, like Warren Buffett, are known to be staunch Bitcoin critics while others, like Tim Draper, are avid …

Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago. Speaking to CNBC on Feb. 24, the VC investor and serial Bitcoin proponent revealed that he had significantly added to his crypto holdings since last year. Draper: “Uber drivers were day trading” “It’s a lot, it’s a lot, a lot,” he responded when quizzed about exactly how far his faith in Bitcoin extended. “I’m just a believer — and I look and I say, ‘Hey, this is just better.’ Long term, people move to things that …

Unstoppable Domains, a tech firm backed by prominent blockchain supporter Tim Draper, is rolling out a blockchain-based browser set to provide users with access to the decentralized web. Per a Feb. 18 announcement, Unstoppable Blockchain Browser is designed to simplify access to the decentralized web, also known as web 3.0. This kind of the Internet enables peer-to-peer (P2P) transactions with no involvement of a middleman, reportedly designed to avoid censorship. Unstoppable Domain’s another step forward Unstoppable Domains CEO, Matthew Gould, said: “We believe that a decentralized web is critical for protecting free speech around the world. The Unstoppable Blockchain Browser …

Billionaire investor Tim Draper recommended millennials buy Bitcoin (BTC) during an interview with FOX Business published on Jan. 22. Per the report, Draper believes that Bitcoin is of particular importance to millennials that are looking to set aside enough capital for retirement. He suggested that the traditional banking system is outdated: “You look at Bitcoin and you say 'Hey, this is great because it's not my father's Oldsmobile. Our banking system is the Oldsmobile, is the old Oldsmobile.’” The faults of the banking system Draper also blamed traditional finance for putting millennials into hundreds of thousands of dollars of debt. …

To prophesize is a natural human tendency. Humanity applauds those who make the right prediction and also love to hate on people when they miss the mark, especially by ridiculously large amounts. For many years, the crypto industry has been prone to high fluctuations and volatility. Nobody can actually predict what will unfold in the upcoming seconds, minutes, hours, days, weeks, months... let alone the years. Once when everyone predicted that Bitcoin (BTC) would die, its price nearly hit $20,000. Conversely, when people thought that it would hit $1 million, it plummeted to a meager $3,200. As 2019 comes to …

One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that was completely sympathetic to the imprisoned Silk Road creator, Fred Schebesta of the Crypto Finder video podcast took a moment to ask the billionaire his latest feelings on the matter. Draper gave an effusive response: Free Ross, baby! Get him out. We need entrepreneurs like that guy! Get him out of jail! Why do we put these really extraordinary people in jail? We need their minds, their energy, their life …

Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past two weeks, the country has traded the highest amount of Bitcoins on the peer-to-peer platform LocalBitcoins, according to data by CoinDance. Argentina’s fragile economy One of the biggest factors in the high adoption of crypto in the country is the high volatility of the Argentine peso. In just the past five years, the value of the peso against the United States dollar has …

Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast. Speaking during a Q&A session at the Malta AI & Blockchain Summit last week, the pro-cryptocurrency venture capitalist said innovations such as the Lightning Network would be key in propelling the Bitcoin price higher. Draper: 4 years until $250,000 BTC Doubling down on previous claims, Draper added he still believed BTC/USD would hit $250,000 by 2022 or 2023. “I think Bitcoin payment processors are really going to open the floodgates,” he summarized. On the topic of why Bitcoin would reach …

India is leaving itself vulnerable to corruption by attempting to ban cryptocurrencies such as Bitcoin (BTC), says Tim Draper. Speaking to California-based media outlet Indica on Oct. 31, the pro-Bitcoin VC investor called on prime minister Narendra Modi to rethink the current hostile environment towards crypto. Draper to Modi: don’t “go back to old ways” India banned banks servicing industry businesses in 2018, with government think tanks now recommending a full crackdown on ownership and use. A court battle to decide the final outcome saw its latest delay last month. “I am hoping Modi becomes the honest politician, but when …