Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC.

Ross Ulbricht’s pardon marks a historic event for crypto, but its impact on Bitcoin’s public image is a mixed bag, according to the community.

Ross Ulbricht’s full pardon by President Trump marks a monumental victory for Bitcoiners, symbolizing justice for a man who became a beacon for freedom and innovation. This long-awaited moment proves the power of persistence and reminds us to keep advocating for Bitcoin and freedom.

In 2015, a 31-year-old yoga enthusiast from Austin named Ross Ulbricht was found guilty of being the online drug kingpin “Dread Pirate Roberts.” Convicted on 7 counts, the judge sentenced him to life in prison. Trump pardoned Ulbricht on Tuesday and now he’s a free man after more than 10 years in custody.

Console Wars’ duo Jonah Tulis and Blake J. Harris have conducted more than 60 hours of interviews with Ulbricht, who became a cause célèbre among libertarians and cryptocurrency enthusiasts after being handed two life sentences.

Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace 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.

Ulbricht was sentenced to life in prison in 2015 on charges related to his website, where users could buy and sell drugs and other illegal goods with bitcoin.

In a move that has sparked debate, President Donald Trump granted a full pardon to Ross Ulbricht, the creator of the Silk Road dark web marketplace, who had been serving two life sentences plus 40 years for enabling the illegal trade of drugs and other illicit goods. People using his site traded in bitcoin to avoid detection.

According to a Jan. 22nd report by Bloomberg, BOJ Governor Kazuo Ueda and the Bank of Japan (BOJ)'s board are going to raise the overnight call rate by 25

Ross Ulbricht, known for creating the Silk Road website, was sentenced to life in prison in 2015. The site, accessible only through Tor, allowed anonymous purchases of illegal goods using Bitcoin. President Trump recently pardoned Ulbricht, sparking discussions within the crypto community.