Twitter CEO: BTC to be Single Currency in Decade

Jack Dorsey has a strong belief in the future potential of bitcoin
22 March 2018   702

CEO Twitter Jack Dorsey believes that after 10 years bitcoin will bypass the importance of the US dollar and become the most relevant currency in the world, which will be used by billions of users around the world. The businessman said this in a commentary to the British edition of The Times.

The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.As more and more people have it, those things go away. There are newer technologies that build off of blockchain and make it more approachable.
 

Jack Dorsey

CEO, Twitter

Despite the fact that at the moment the bitcoin continues to experience certain problems that, according to Dorsey, prevent him from becoming an "effective currency," further development of the protocol, he believes, will inevitably lead to necessary changes.

The last thought of Jack Dorsey, who is also the founder of the payment start-up Square, seems to refer to the Lightning Network technology - the second layer of bitcoin scaling, which allows for instant and exceptionally cheap microtransactions.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   103

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.