TorGuard Accepts Payments Via Lightning Network

Users can now pay for TorGuard's services in bitcoin using Lightning Network
11 January 2018   1216

TorGuard, the virtual private network (VPN) service, announced on January 8 that users can now pay for its services in bitcoin using Lightning Network, significantly reducing transaction times and fees.

According to the firm’s representatives, an invoice fee for one month of service costs only 1 satoshi. If a user has a mainnet node for LN they can contact the company and set up a transaction using the protocol. Users must have funds to set up a channel with Torguard and the initial transaction fee to get started.

TorGuard

In the end of December, Bitrefill, an online service that enables users top up their prepaid mobile phone plans with bitcoin and litecoin, announced that it has completed the first “real” LN transaction on bitcoin’s mainnet for an online purchase at Bitrefill.

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the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.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.