Ohio Accelerators to Invest $200M into DLT Startups

Plans were revealed by JumpStart CEO Ray Leach at the Blockland Solutions Conference in Cleveland, Ohio
04 December 2018   354

JumpStart business accelerator said that as part of the blockchain-start-ups support initiative, six Ohio funds are investing over $ 100 million in projects that develop solutions based on distributed registry technology for businesses and government agencies. This is reported by Cleveland.com.

For example, blockchain projects developing in the Ohio Opportunity Zone will receive access to funding of almost $ 200 million over the next three years.

As reported, the funding plans were revealed at the Blockland Solutions Conference in Cleveland, Ohio, by JumpStart CEO Ray Leach.

Previously, the Ohio government allowed companies registered in the state to pay Bitcoin all types of taxes and fees - from excise taxes on cigarettes to insurance premiums on employees.

Wilsons Auctions to Sell Crypto

$390 000 worth cryptocurrency was seized by the enforcement agency of Belgian government
22 February 2019   86

On February 28, the North Irish auction house Wilsons Auctions will sell the cryptocurrency seized by the Belgian government in the case of drug trafficking through darknet. The total value of the coins sold will be approximately $ 390k. This is reported by the Financial Times.

A total of about 315 coins without a reserve price, including 104.99 BTC, BCH and BTG, will be put up for online auction. Assets will be sold in several lots from 0.5 BTC to 4 BTC each. Lots for BCH and BTG will contain more coins.

We are thrilled to be awarded this first of its kind contract with the Belgium Federal Government to sell seized cryptocurrency, allowing us to open up the opportunity of investing to new buyers. Following huge investment into our systems and infrastructure, we are able to offer government and law enforcement agencies worldwide, a secure solution so that the ever-increasing problem of seized cryptocurrencies can be managed by a reputable auction company with significant experience dealing with seized assets.
 

 Aidan Larkin

Head of asset recovery, Wilsons Auctions

The bitcoins put up for auction were seized back in 2017 by the Belgian police from drug dealers. The Belgian government took time to enact laws governing the liquidation of confiscated digital assets, similar to the traditional financial industry.

Recall that in early January, Wilsons Auctions held the first online auction for the sale of 167.7 Monero coins, seized by law enforcement agencies in the United Kingdom in accordance with the Law on Income from Criminal Activities.