Bitcoin Core Wallet Now Supports SegWit

Segregated Witness was introduced in August of last year and promised to bring noticeable efficiency changes to the Bitcoin network  
20 February 2018   819

Till now, many in the Bitcoin world were slow to adopt the new technology including developers of the Bitcoin Core Wallet. Today, SegWit was finally implemented with the released version 0.16.0.

Segregated Witness is a Bitcoin protocol improvement that facilitates scaling.The upgrade redefined the structure of blocks, changing one block from 1MB to become four million units. Witness data became serialized as just one unit. It will allow storing more transactions in each block, leading to less load on the network, faster transactions and lower fees.

It will also allow for the introduction of further upgrades such as Lightning Channels, established payment paths that would further ramp up transaction speeds.

Bitcoin wallet adoption of SegWit may result in an increase in the use of the technology. Currently, only 15% of Bitcoin transactions currently employ SegWit.

The major gateway between the fiat and cryptocurrency worlds has also scheduled SegWit implementation, with the update expected in the coming weeks following heavy pressure.

Supporters of this technology hope that it will be able to overcome the high transaction costs and long waiting times that users have recently struggled with under periods of high load.

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.