Microsoft resumes Bitcoin payments acceptance

IT giant had already "banned" Bitcoin payments for three times
10 January 2018   862

Microsoft accepts bitcoin as payment for its products again after a temporary suspension of the service caused by the "instability" of the cryptocurrency. This is reported by News Com Au.

Microsoft allows its customers to replenish accounts on its platform with bitcoins from 2014 onwards. During this time the company suspended the reception of crypto currency three times: in 2015, 2016 and last week.

The last episode was connected with "the instability of bitcoin as a currency," Microsoft explained.

In a conversation with on this Wednesday, a company representative confirmed the fact of the suspension of reception of payments in bitcoins.

We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers. The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people. I’m not interested that much in the subject at all.
 

Microsoft spokeswoman

At the moment, the service is working in the standard mode, she added.

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.