Localbitcoins supports SegWit addresses

Popular p2p bitcoin buy\sell platform has become the third large platform in recent weeks, which supports SegWit
04 January 2018   831

The popular p2p platform for buying and selling bitcoins Localbitcoins announced the support for SegWit addresses.

Thus, LocalBitcoins has become the third large platform in recent weeks, which supports SegWit. In December, Bitwala and WikiLeaks announced similar steps.

Activated in August 2017, the Segregated Witness protocol due to more rational use of the blockchain space allows to reduce the amount of commissions in the network of bitcoin. Also with its help, the block size was slightly enlarged and the foundation for implementation of various second-level solutions, for example, the Lightning Network, was laid.

Note that December 2017 was for LocalBitcoins record for the volume of concluded deals. The greatest activity occurred in the week from December 16 to December 23, when this figure was almost $ 134 million.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   120

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the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.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