Japanese retailer Bic Camera accepts Bitcoin in all stores

Bic Camera, a Japanese retailer of electronics, was accepting Bitcoin in a few stores since April 2017, and in December 2017 it announced BTC payments available in all stores  
26 December 2017   1167

Bic Camera Inc, a consumer electronics retailer chain which has 41 stores in Japan, was accepting Bitcoin only at certain stores in Tokyo starting from April 2017, with the help of the Japanese bitcoin exchange bitFlyer. The spreading popularity of BTC currency made Bic Camera think of expansion of BTC payments to all the existing stores in summer of 2017, and finally the function was launched.

Bic Camera official website screenshot regarding BitcoinBic Camera official website statement regarding Bitcoin

The biggest amount of yens worth Bitcoin which can be spent at one time is stated to be 300,000.

Previously, we have reported that Idom Inc., one of Japan’s used car automotive groups has partnered with bitFlyer to enable Bitcoin payments across Japan.

At the moment of press, these are the main market parameters of Bitcoin:

  • Average Price: $15 267,70
  • Market Cap: $255 945 814 338
  • 24h Volume: $12 198 400 000

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

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.