Ross Ulbricht, known as Dread Pirate Roberts to users of the SilkRoad website, was arrested last week, the FBI seized 26,000 Bitcoins belonging to Silk Road customers. But it also attempted, unsuccessfully, to claim the nearly 600,000 – thought to be worth around $80m – which Ulbricht himself is thought to be holding.

Silk Road is a notorious black market website which helped dealers to sell drugs under the cloak of anonymity.

Bitcoin is a digital currency based on a methods of cryptography similar to those used to protect confidential emails. Due to its decentralised nature – the currency does not rely on any centralised agency to process payments, instead relying on work done by users’ computers – it is popular for a number of fringe-legal and illegal uses. One of those uses was Silk Road, where Bitcoin was required for all transactions. 1 Bitcoin is equivalent to $138 usd.

According to the FBI’s complaint, the arrest led to the seizure of $3.6 million in bitcoins—the virtual currency Silk Road users employed to buy and sell illegal drugs online.

Though the FBI’s seizure was the second most valuable act of bitcoin confiscation ever, the Feds were actually unable to appropriate the vast majority of bitcoins associated with the Silk Road enterprise, Ulbricht’s personal stash. Roughly $80 million worth of bitcoins—the personal fortune Ulbricht amassed by running Silk Road—remains untouched by the government

So why can’t the FBI get its hands on the money? The reason has to do with the design of bitcoins themselves. A bitcoin cannot be transferred  from one user to another without the first users “private key,” or password to verify the transaction. Unless Ulbricht hands over his password, the FBI will be unable take possession of the money.

source: Forbes

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#1. Justin Timberlake – The 20/20 Experience, 2 of 2 – 350,000 (350,000)

#2. Drake – Nothing Was The Same – 148,000 (806,000)

#3. Lorde – Pure Heroine – 129,000 (129,000)

#11. Justin Timberlake – The 20/20 Experience – 18,000 (2,310,000)

#14. Nelly – M.O. – 15,000 (15,000)

#26. Jay Z – Magna Carta…Holy Grail – 12,000 (1,015,000)

#28. 2 Chainz – B.O.A.T.S. II #MeTime – 12,000 (126,000)

#40. Macklemore & Ryan Lewis – The Heist – 8,000 (1,096,000)

#41. Deltron 3030 – Event 2 – 8,000 (8,000)

#44. MMG – MMG Presents: Self Made Vol. 3 – 8,000 (74,000)

#57. Kendrick Lamar – good kid, m.A.A.d. city – 6,000 (1,052,000)

#62. Juicy J – Stay Trippy – 6,000 (120,000)

* data comes from Nielsen Soundscan, rounded to nearest thousand for units above 10,000, nearest hundred for units below 10,000.

 

Title / Weekend Gross (in millions usd $$$)

  1. Gravity $55 m
  2. Cloudy with a Chance of Meatballs 2  $20.9 m
  3. Runner Runner  $7.7 m
  4. Prisoners  $5.7 m
  5. Rush (2013)  $4.7 m

New $100 BillThe new $100 bill goes into circulation today (Tuesday)

 

Banksy does it again!

From Pusha T Album “My Name Is My Name”

West Coast R & B Artist Sara Shine performs music video for  “I Don’t Wanna Hear That” produced by Piermid (Middiwest Music Group)

directed by Beezy

Follow Sara Shine on twitter at: @SaraShineMusic

13 year old Los Angeles street artist Skyler Grey has his unique street art hanging in galleries around the world and aspires to the likes of Andy Warhol and Jean-Michel Basquiat.

shot by MOCATV

 

Screen Shot 2013-10-04 at 8.41.22 AM1. Steven Spielberg The prolific producer began an unofficial internship with Universal Studios when he was 17 years old. Spielberg continually snuck onto the studio lot (he wasn’t granted access) and networked with directors, even creating a short film that found its way into executives’ hands. Universal heads were so impressed that they offered him a seven-year contract. The rest is history.

2. Conan O’Brien Funnyman O’Brien discussed his time interning for Barney Frank at the House of Representatives during an “Inside the Actor’s Studio” episode. He says he didn’t pursue politics because, “I didn’t want to work my way up.”

3. Tom Hanks Before he was a movie star, Hanks was a college kid interning for the Great Lakes Theater Festival in Cleveland, Ohio. He obtained stage confidence and a wealth of theater production experience. The internship turned into a three-year gig … in which the actor would drop out of college (no longer needing formal theater education).

4. Oprah Winfrey The famed TV host got her start at WLAC-TV, a CBS affiliate in Nashville, Tenn. She did such a stellar job delivering the news that the program brought her on fulltime as an anchor-reporter. In true Oprah fashion, the philanthropist became the first African-American female news anchor.

5. Tom Ford Jay Z’s favorite designer studied architecture before taking a Parisian internship with Chloe. From there, Ford moved to Gucci where he became the line’s creative director. The dapper fashion icon opened a store in 2005 and has since created fragrances, cosmetics, accessories and clothing for his own label.

6. Brooke Shields, the child model and actress once had an internship at the San Diego Zoo.

7. John Krasinski Before he was Jim Halpert, Krasinski served as a script intern on “Late Night With Conan O’Brien”!

8. Spike Lee The controversial director worked at Columbia Pictures after receiving a mass communications degree at Morehouse.

9. Betsey Johnson The cartwheeling designer was always into fashion. Case in point — Johnson interned with Mademoiselle magazine as a teen.

10. Jodie Foster Despite being an Academy Award-winning actress, Foster took on a summer internship at Esquire in 1982. It turns out the job’s 9-to-5 lifestyle wasn’t for her.

11. Chloe Sevigny Sevigny cultivated her chic roots in Manhattan, where she was taken on as a summer intern at Sassy magazine.

12. Lauren Conrad LC was already a reality TV household name from “Laguna Beach.” During filming of “The Hills,” she famously interned with Teen Vogue while attending FIDM. She’s since launched clothing lines, beauty websites and solidified herself as a fashion icon.

13. Anderson Cooper The Silver Fox interned with the CIA as a 19-year-old. Sounds pretty neat to us. However, Cooper didn’t think so. He called the experience “actually pretty bureaucratic and mundane,” and “by the end of the second summer, I realized it was not a place I wanted to work after college.”

14. Mindy Kaling Add Kaling to the list of comedians who got their start at “Late Night With Conan O’Brien.” Apparently she wasn’t the best intern …

15. Bill Gates The computer wiz and philanthropist had interests outside the tech world. Gates worked as a Congressional page at age 17.

16. Sean “Diddy” Combs was always a hustler. The media mogul begged rapper Heavy D to put him in contact with NYC’s Uptown Records. The company’s executive, Andrew Harrell, gave Diddy an internship (which he worked while also studying at Howard University in D.C.).

17. Steve Jobs Last but not least, the computer genius called Hewlett-Packard president William Hewlett to “ask for parts for a high school project.” Hewlett gave Jobs the necessary equipment as well as a summer internship with his company. This was where Jobs met Steve Wozniak.

Source: Huffington Post

Music video by Rihanna performing Pour It Up (Explicit). © 2013 The Island Def Jam Music Group

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#1. Drake – Nothing Was The Same – 659,000 (659,000)

#15. 2 Chainz – B.O.A.T.S. II #MeTime – 17,000 (115,000)

#19. MMG – MMG Presents: Self Made Vol. 3 – 16,000 (66,000)

#21. The Weeknd – Kiss Land – 15,000 (137,000)

#26. Tamar Braxton – Love & War – 14,000 (183,000)

#27. Jay Z – Magna Carta…Holy Grail – 14,000 (1,004,000)

#47. Janelle Monae – The Electric Lady – 9,000 (72,000)

#49. Macklemore & Ryan Lewis – The Heist – 9,000 (1,089,000)

#62. Juicy J – Stay Trippy – 7,000 (114,000)

#67. Elvis Costello & The Roots – Wise Up Ghosts And Other Songs – 6,000 (25,000)

#66. Kendrick Lamar – good kid, m.A.A.d. city – 6,000 (1,046,000)

* data comes from Nielsen Soundscan, rounded to nearest thousand for units above 10,000, nearest hundred for units below 10,000.