BitFlyer announces plans to enter European trading market

BitFlyer, which has been ranked 14th largest cryptotrading platform in the world, has acquired the payment license to operate in European Union
25 January 2018   755

Japanese cryptocurrency trading and coin exchange platform BitFlyer has acquired the payment license to operate in EU. It's the first of Asian exchanges to procure such a license well ahead of the competition.

BitFlyer is one of the largest exchanges in the world with daily volume over $300,000, according to Coinmarketcap.com. Their main focus is on more popular digital currencies, such as Bitcoin Core and Cash, Etherium Classic and Japanese favorite – Monocoin. European branch for now will offer only Bitcoin trading with fiat exchange to Euro. But there are plans of expanding the list of available cryptocurrencies in the future. Most probable candidates for such expansion are Bitcoin Cash, with its rising popularity, Litecoin and Etherium and its fork Etherium Zero.

The exchange's physical location will be in Luxembourg, where the permit has been issued. This decision is a logical step toward expanding their operations to meet European demand for digital currencies. Other exchanges will probably follow BitFlyer's example because Europe is, right now, one of the most high-demand regions in terms of cryptocurrency trading.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   155

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.