Japanese Firm to Sell Commercial Complex for 547 BTC

It is said to be the first building in Japan to be sold using bitcoin
29 January 2018   773

Yitanzi, a Tokyo-based real estate startup firm, announced its plan to sell a commercial complex for 547 bitcoin (~$6 million). It will be the first building in Japan to be sold using bitcoin, the company said.

Yokozawa Yuske, CTO of Yitanzi said that the recent boom in real estate market is due to the gains from cryptocurrency investments as crypto investors are targeting the real estate market to spend the digital currency trading profits.

Yuske also pointed the growing demand in the market where property owners are proffering multi-million dollar properties in exchange for bitcoin. As for now, the most accepted digital currency in the real estate market is bitcoin, he said.

Recently, we have reported that Japanese cryptocurrency trading and exchange platform BitFlyer has acquired the payment license to operate in EU.

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the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.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.