Tag: usa

USA to sell $10 m worth of BTC and BCH!

Earlier in the week, we reported that Bulgaria discovered they had $3 b in bitcoin seized during an organized crime bust. US law enforcement has bitcoin assets obtained in a similar way. Authorities have announced plans to sell confiscated BTC and BCH. U.S. plans bitcoin sale The U. S. government plans to sell Bitcoins confiscated during an investigation. At present, they are worth around $10 million. Utah Government Prosecutors are working on the quickest possible sale. According to the court’s order, BTC and BCH were transferred to the government portfolio. Due to the high volatility and potential for asset...

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Ron Paul defends Bitcoin from US Government

Ron Paul, the Republican two-time Presidential candidate said that “Government should keep their nose out of bitcoin and allow competing currencies to thrive”. He admitted that government interest in cryptocurrencies made him ‘a little bit nervous’ and warned others to be more cautious. Cryptocurrencies should be legal During a phone interview with an economic news outlet, Kitco News, Ron Paul asserted that all forms of competing currencies should be legalized as long as they are not fraudulent. He said: I take some very strong political positions on competing currencies, and if you can come up with a competing currency,...

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Is there a fair price for Bitcoin? BlackRock says no

Richard Turnill, the chief investment strategist for world’s largest asset manager, BlackRock, said that there is no ‘right or wrong’ price for Bitcoin. In an interview with Business Insider, he said that he doesn’t know what’s the “fair” price for Bitcoin. What is the ‘real’ value of Bitcoin? According to him, cryptocurrencies are showing many characteristics of a bubble right now, due to spectacular price increases. While he is generally optimistic about the technology behind cryptocurrency market, he advises investors to stay extremely cautious, as there’s no way to assess the fair value of Bitcoin and other cryptocurrencies. Turnill...

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End of free Internet in the US?

According to Reddit user JPTIII, US government once again will try to end “net neutrality” policy. It is a direct threat to Internet’s freedom in the US. It may also turn out to be a successful way to fight cryptocurrency development. What is “net neutrality”? It is a principle that states that all Internet Service Providers (ISP) and government have to treat all Internet data equally. Thanks to “net neutrality” they can’t put any fees on specific users, web pages or transactions. No ISP can limit Internet access in any way. Taking down the net neutrality principle by Federal...

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Thanks to US Government and Bitcoin, Wikileaks Julian Assange made a fortune

Wikileaks founder and political refugee, Julian Assange has made a fortune with simple Bitcoin investment in 2010. The funniest thing is that US government forced him to invest in Bitcoin in 2010, as it blocked Wikileaks’ access to their funds. This resulted in investment return of over 50,000%. Government retaliates When in 2010 Wikileaks leaked documents that portrayed U.S. armed forces in Afghanistan killing civilians and cases of friendly fire, US government made banking institutions freeze all Wikileaks transactions. This meant that Wikileaks couldn’t access its Bank of America account and as a result lost almost all of its...

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