BTC Isn't a Thread for Banks, Global Blockchain COO Says

Shidan Gouran believes that banks even are almost encouraging the use Bitcoin
30 March 2018   825

Shidan Goran, President and COO of Global Blockchain, the investment company that bought all the Kodak Coin tokens during the presale, said that large banks are not competitors of payment services like Ripple and Bitcoin. On the contrary, banks closely monitor the development of these technologies.

If big banks were to succeed in crushing one of these two currencies, Ripple would be it. The main reason for this is because Ripple is much more of a direct competitor to banks. Because it operates more like a transaction network than a currency, it’s a lot more plausible that they will be a target for banks to get tough with. Whereas because Bitcoin operates more like a currency, they don’t pose the same threat.
 

Shidan Gouran

COO, Global Blockchain

Ripple too is now considered as an opportunity for banks rather than a threat.

I believe Ripple offers a viable blockchain solution and an enormous amount of utility to banks. As such, I do not believe that big banks will necessarily crush either Ripple or Bitcoin for that matter. While banks are actively investing in and working to develop blockchain-based solutions, it’s going to take a bit more time for banks to come around to the idea of relying on a cryptocurrency and for the industry to become more established. I believe banks are keeping a close eye on Ripple. This isn’t going to happen overnight.
 

Darren Marble 

Chief Executive Officer, CrowdfundX

As experts believe, in spite of the increasing adoption of the blockchain technology behind BTC and XRP by the big banks, it does not constitute a direct connect to the price of the two cryptocurrencies.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   103

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.