ATB Coin proposed as an alternative to Venezuelan El Petro

ATB Coin developers offer the Government of Venezuela to use their coin as an official payment method
09 January 2018   815

Practically everyone by now have heard about the plans of Venezuela government to issue their own state-backed cryptocurrency El Petro. It will allow the country to reduce economical stagnation. But now there is an alternative, proposed by ATB Coin.

ATB coin creators proposed to implement their coin as a Venezuelan state cryptocurrency, thus eliminating several key hurdles along the way, such as lengthy development process, adoption delay by big exchanges and general populace. The transparency of working protocols, transaction security and speed, ability to work offline with codes for payment under “guaranteed check” principle – everything points to ATB Coin being a perfect alternative to, as of now, theoretical El Petro. Fast transactions will greatly help in real-world implementations and, of course, the public debt denominated in US dollars or Euros can be returned in a cryptocurrency that is not subject to inflation, which will greatly help the country's economical situation.

The latter is extremely important, since right now the country is in a lengthy spell of economical stagnation and suffers from increasing inflation. And ATB Coin project has significant experience in real sector of economy, not only working as a public fund transfer mechanism, but developing solutions for small and medium-sized businesses.

This announcement has already caused ATB Coin to more than double its price just in one day.  

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   100

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.