Dutch Bank to Release Cryptocurrency Wallet

Rabobank launched a website for a project called “Rabobit” which is going to develop into cryptocurrency wallet for safe storage of digital assets
28 February 2018   811

Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands, and a global leader in food and agriculture financing and sustainability-oriented banking. 

Presumably in the aftermath of the spreading trend of major banks, Rabobank refused to service Bitcoin businesses due to “compliance risks” in the beginning of February, 2018. Not long after that the reports started to appear that the bank was fined $369 million for money laundering.

Rabobit translated tweet of RabobankRabobank tweet regarding Rabobit translated from Dutch

Despite the allegations and bank's negative policy towards Bitcoin, it has emerged that Rabobank had launched a dedicated website for a project called “Rabobit,” which is going to develop into cryptocurrency wallet for safe storage of digital assets.

When twitter users asked Rabobank whether the website, which consists of only one page and a signup form, was genuine, the bank replied that the wallet had not been released yet, but it was in a development stage, and more information was forthcoming.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   100

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.