OKEx to support UnitedBitcoin trading

OKEx crypto exchange announced support for airdrop, deposit, and trading of UBTC which is a fork of Bitcoin implemented on December 12 of 2017
08 January 2018   919

UnitedBitcoin is the upgrade of Bitcoin implementing smart contracts. Its features include proof-of-work inherited from Bitcoin with new high-speed smart contracts and faster transactions through the Lightning network. It forked from Bitcoin blockchain at block height #498,777 on December 12 of 2017.

On January 8, OKEx exchange has announced that users would be able to claim, deposit, and trade UnitedBitcoin (UBTC) with details as follow:

  • UBTC deposit will be available at 18:00, January 8 (Hong Kong Time, GMT +8)
  • UBTC claim and trading will be available at 20:00, January 8 (Hong Kong Time, GMT +8)

As it is stated in the announcement, the users will receive UBTC based on their BTC balance on a 1:1 ratio at the time of the BTC snapshot. All claimed UBTC will be deposited directly into their OKEx spot trading account.

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

  • Average price: $306,79
  • 24h volume: $153 667

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

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.