DMM Bitcoin Exchange Opened

The exchange began trading on Thursday January 11
12 January 2018   1870

DMM Group, Japanese internet and entertainment conglomerate has launched a cryptocurrency exchange under the brand name DMM Bitcoin. The platform began trading on Thursday January 11.

DMM Bitcoin Exchange

The platform supports bitcoin, litecoin, ethereum, ethereum classic, nem, bitcoin cash and ripple. Fourteen currency pairs are available for trading. In addition to the 7 coins trading for yen, 7 crypto-to-crypto trading pairs are offered:

  • ETH/BTC,
  • ETC/ETH,
  • XEM/BTC,
  • XRP/BTC,
  • LTC/BTC,
  • ETC/BTC,
  • BCH/BTC.

The exchange is giving away 1,000 yen (~$US9) to all customers who open a new account during the campaign period between January 11 to March 11.

According to DMM’s announcement, the exchange is using a trading platform provided by Simplex Inc. called “Simplex Cryptocurrency.” This platform offers trading tools for general investors, business management systems, and a dealing system.

In addition, Next Currency Inc, a branch of DMM Group, is launching a new cryptocurrency exchange called Cointap.

Cointap Exchange

The company added that Cointap will be tailored for investors entering the market for the first time.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   114

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.