US Authorities to Sell $25m Worth Seized BTCs

US Marshal will sell 14 bitcoin lots: 2 lots of 500 BTC, 11 lots of 100 BTC and one lot at 70 BTC.
06 March 2018   1176

The US Marshals intend to auction bitcoins worth about $ 25 million, CoinDesk reports.

Sale of 2 170 BTC will take place on March 19. Interested persons must make a deposit of $ 200,000 and be registered in accordance with all requirements until March 14.

At auction will be exhibited 14 individual lots: 2 lots of 500 BTC, 11 lots of 100 BTC and one lot at 70 BTC.

According to the message of the department, the crypto currency was confiscated in the course of investigation of various criminal, civil and administrative cases, beginning with federal lawsuits and ending with cases related to drug trafficking.

The origin of bitcoins can be found on a special page. According to the information presented there, among other things, the bitcoins associated with the case of Shaun Bridges, a former Secret Service agent, who was tempted and stole the crypto currency in the investigation of the illegal trading site Silk Road, are offered.

It is worth noting that this is not the first such auction held by the Federal Executive Service of the United States. In February, the agency sold more than 3,600 BTC for $ 30 million. One of the winners of the auction was the company Riot Blockchain, which was subsequently accused by investors of making dubious transactions and spreading false statements.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   98

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.