Venezuela to Educate Its Citizens on Crypto

After the launch of the national crypto Petro on February 20, the Venezuelan government has launched a free cryptocurrency training course  
26 February 2018   618

A free cryptocurrency course will teach citizens how to trade and mine cryptocurrencies, particularly the national oil-backed Petro, which was issued by the government on February 20. The courses will be based in Caracas, in Granja Laboratorio Petro school.

According to Carmen Salvador, a teacher of cryptocurrency trading at the established training course, the school offers a completely free training. He also noted that in any international market a trading course cost more than $500 to $800.

Many of our young people here find it impossible to have this amount of resources but the Venezuelan state is guaranteeing that all can participate through these plans.

Carmen Salvador

The teacher of cryptocurrency trading

The national oil-backed cryptocurrency was launched by the Venezuelan government in order to in order to attract foreign investors, bypassing the economic sanctions that are enforced against the country by the United States and the European Union.
 

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   82

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.