Microsoft to stop Bitcoin transactions

Microsoft stopped supporting payments in Bitcoin for Microsoft products due to instability of the cryptocurrency
08 January 2018   952

Microsoft, a corporation which develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services, has added support for Bitcoin in 2014, but has previously temporarily stopped supporting Bitcoin in the past.

Microsoft account Bitcoin paymentsMicrosoft account with Bitcoin payments

As it is reported by Bleeping Computer, a Microsoft support staffer has told in an intreview that Microsoft is stopping supporting Bitcoin as a payment method for Microsoft products, because of unstable state of the Bitcoin currency. Moreover, it was reported that Bitcoin payments were stopped temporarily.

However, Microsoft will not allow users to buy products with Bitcoin directly but will require users to add a predetermined amount of dollars to their account balance, which can be payed with Bitcoin.

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, and that Japanese retailer Bic Camera started accepting Bitcoin in all stores.

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

  • Average price: $14 603,00
  • Marketcap: $245 180 719 250
  • 24h volume: $15 923 400 000

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.