To the moon: Bitcoin price exceeds $6,000

Bitcoin price hits new all-time high at $6,054 mark
21 October 2017   822

On October 20th, the Bitcoin price achieved a new all-time high at $6,054. 

Bitcoin price chart on bitcoinwisdom.com
Bitcoin price chart on bitcoinwisdom.com

As shown from the chart of the Bitfinex exchange, the highest volume BTC/USD exchange, in the last few hours there has been an abrupt increase in trading volume, thanks to which the price of "digital gold" has surged.

Indeed, it seems like hardly anything can stop Bitcoin: in the last month, China banned ICOs and Bitcoin exchanges, South Korea banned ICOs, while the US SEC stepped up scrutiny of ICOs. And nothing of it really matters. 

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

At the time of writing, the top cryptocurrency price is just slightly lower and is about $5979.76, its market capitalization is $99,479,508,611.

Obviously, rates are rising in anticipation of the upcoming hardfork. We'll keep you updated. 

2k Confiscated BTC Created Issue for Finland Authorities

Authorities of Finland had faced bureaucratic problems while trying to handle seized crypto coins
20 February 2018   6

Finland is trying to solve confiscated Bitcoin storing issue. This is reported by Bloomberg.

The crux of the problem is that authorities handling the coins won’t be able to store them on virtual currency exchanges due to bureaucratic problems. They have to store them offline. This is said in the documents, seen by the Bloomberg.

Most of the coins have been confiscated in raids conducted since 2016. There is no info how the coins were stored until now.

The official guidelines states that Finland authorities can’t treat Bitcoin or its crypto competitors like a currency. It’s an asset that, as a rule, can’t be used or accepted as a means of payment or as an investment, according to the Treasury document.

Cryptocurrencies seized by the Finnish state can be converted into euros after a court ruling on their appropriation has become binding. The sales should primarily take place via public auctions rather than commercial exchanges, which can be untrustworthy and opaque, the Treasury said.

Finnish state can convert seized crypto to euros only after a court ruling on their appropriation has become binding. The sales should primarily take place via public auctions rather than commercial exchanges the Treasury said.