On Wednesday, the price of bitcoin jumped to more than $104,000, following Donald Trump’s announcement of a presidential pardon for Silk Road and bitcoin-libertarian folk hero R

Law enforcement said Ulbricht created the “most sophisticated and extensive criminal marketplace” on the internet.

Ulbricht, 40, was about 10 years into his life sentence for helming an online black market where drug dealers, money launderers, and traffickers used bitcoins to mask more than $214 million in illicit trades. (Ars thoroughly documented the Silk Road saga here .)

Donald Trump has given a full pardon to Ross Ulbricht — the man responsible for founding world's first darknet market Silk Road.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

The pardon is a big deal for cryptocurrency enthusiasts and libertarians, who have been pushing for Ulbricht’s sentence to be absolved for years.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Donald Trump has granted a full pardon to Ross Ulbricht, the founder of online drug marketplace Silk Road who became a hero for America’s libertarian movement.

CME Group added an XRP and Solana futures page to their staging domain, with the products set to launch on February 10. While the page was eventually taken down, the potential launch could cause an influx of new crypto ETF applications for XRP and Solana.

Donald Trump pardoned the creator of the world’s first dark-web drug market, who is now a libertarian cause célèbre in some parts of the crypto community.

President Donald Trump pardoned Ross Ulbricht, the founder of the Silk Road marketplace, delivering on a campaign promise he made to court the cryptocurrency community and libertarian voters.