Bitcoin is the cryptocurrency that has been the darling of the online payment world since its development in 2009. But now federal prosecutors have charged two Bitcoin entrepreneurs with money laundering. They say that BitInstant CEO and Bitcoin Foundation board member Charlie Shrem and middleman Robert Faiella laundered drug-trafficking money through the black-market website Silk Road. Shrem and Faiella sold more than $1 million worth of Bitcoins to Silk Road users, prosecutors said, with Shrem giving Faiella a volume discount on BitInstant’s fees.Help us spread the ANTIDOTE to corporate propaganda.
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