Venezuela President Claims Big Demand for Petro

Nicolas Maduro stated that the government received 171,015 certified purchase orders for the petro  
28 February 2018   779

According to the president’s post on Twitter, 40.8% of the purchase orders were in U.S. dollars, 6.5 % were in euros, 18.4 % were in ethereum and 33.8 % were in bitcoin.

As it was reported by Venezuela-based newsgroup,  more than 3,500 companies placed bids for petro tokens, the remaining 82,000 purchasers are individuals. Unfortunately, it is not indicated who purchased crypto and what certification procedures were followed.

Despite that claim, another newsgroup Caracas Chronicles noted that no petro tokens have yet been distributed to any potential purchasers. If you look at the  NEM transaction ledger it will show that petro address still has ownership of all 100 million tokens.

Last week, the president of Venezuela that the petro pre-sale raised $735 million during its first day. But he did not provide any evidence to support this number.

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the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.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