Wilsons Auctions to Sell Crypto

$390 000 worth cryptocurrency was seized by the enforcement agency of Belgian government
22 February 2019   548

On February 28, the North Irish auction house Wilsons Auctions will sell the cryptocurrency seized by the Belgian government in the case of drug trafficking through darknet. The total value of the coins sold will be approximately $ 390k. This is reported by the Financial Times.

A total of about 315 coins without a reserve price, including 104.99 BTC, BCH and BTG, will be put up for online auction. Assets will be sold in several lots from 0.5 BTC to 4 BTC each. Lots for BCH and BTG will contain more coins.

We are thrilled to be awarded this first of its kind contract with the Belgium Federal Government to sell seized cryptocurrency, allowing us to open up the opportunity of investing to new buyers. Following huge investment into our systems and infrastructure, we are able to offer government and law enforcement agencies worldwide, a secure solution so that the ever-increasing problem of seized cryptocurrencies can be managed by a reputable auction company with significant experience dealing with seized assets.
 

 Aidan Larkin

Head of asset recovery, Wilsons Auctions

The bitcoins put up for auction were seized back in 2017 by the Belgian police from drug dealers. The Belgian government took time to enact laws governing the liquidation of confiscated digital assets, similar to the traditional financial industry.

Recall that in early January, Wilsons Auctions held the first online auction for the sale of 167.7 Monero coins, seized by law enforcement agencies in the United Kingdom in accordance with the Law on Income from Criminal Activities.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.
 

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.