CoinMarketCap excluded indicators of S. Korean exchanges

This led to the panic sell and huge price drop of top 10 cryptocurrencies
09 January 2018   679

On Monday, January 8, the popular analytical resource CoinMarketCap excludes from the calculations of average bitcoin rates and other cryptocurrency data of South Korean exchanges without any prior notification. This is reported by the media and users in social networks.

This situation led to the huge price drop of the majoity of cryptocurrencies. 

Top Ten cryptocurrencies
Top Ten Cryptocurrencies

Coinmarketcap team reported about this issue only after all happened. 

Nevertheless, if you look at other analytical resources, for example, Cryptocompare or Livecoinwatch, the average rate of bitcoin and many other cryptocurrencies is slightly lower than on CoinMarketCap.

Also, it should be noted that in the "Markets" section, the data of South Korean exchanges are still present.

As is known, on the South Korean platforms, crypto-currencies are traditionally traded at prices, often 10-15% higher than those at other global exchange sites. At the same time, arbitration when working with them is difficult due to the need to indicate when registering the telephone number of the South Korean telecom operator and other information that can be obtained only from South Korea.

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.