Bitcoin Trader Robbed in Britain

Criminals penetrated into the bitcoin trader's house, and, threatening with murder, forced him to transfer to them a large sum in bitcoins
29 January 2018   1001

Four armed masked criminals broke into the house of the cryptocurrency trader in Oxfordshire, England and, threatening with murder, forced him to transfer to them a large sum in bitcoins. Express reports about this.

It is reported that the robbery occurred last week in the city of Moulsford. Unknown infiltrated the trader's house in the early morning, tied his wife, and the child who was in the carriage was thrown out the door.

The exact amount of the stolen crypto currency is not called, but, as the newspaper writes, it is a question of the whole "state".

Despite all the efforts of the police to search for intruders, including the helicopter usage, it has not been possible to find their location yet.

Nevertheless, according to representatives of the analytical agency Explain The Market, the robbers will not be to cash out the stolen bitcoins easily.

These are criminals who have likely caught on to the current popularity of Bitcoin. But depending on how much they have, these coins are like being in possession of a rare painting. Trying to exchange large amounts for normal money without alerting suspicion will be very difficult.

Mark Shone

Chief Executive, Explain The Market

According to law enforcement agencies, this is the first robbery in the UK of this kind. 

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   108

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.