US Justice Dept Seized $3.6 Billion in Bitcoin in Largest Financial Seizure Ever

The US Justice Department announced it has seized over $3.6 billion in cryptocurrency at today’s prices in what has been touted as the single largest financial seizure ever. They seized bout 94,000 of the 119,754 Bitcoin they alleged as stolen. It would be worth about $4.1B at today’s prices. The DoJ arrested Ilya Lichtenstein, 34, and his wife Heather Morgan. 31, with conspiring to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex. The couple will make an … Continue reading “US Justice Dept Seized $3.6 Billion in Bitcoin in Largest Financial Seizure Ever”

Bitcoin Fever Takes Hold, South Korean P.M. Warns $BTC May Corrupt Youth

;Bitcoin Fever has taken hold across the world, the worse example appears to be in the US where FOMO players have pushed it on some exchanges as high as $19,500 (GDAX) where as more conventional (yes I did say that) exchanges saw $17,000. That in one problem; Price discovery, the South Korean PM sees it as much worse.

Bitcoin Up $1000 Since Jamie Dimon Said Not Talking About It Anymore

Been a busy few weeks for Bitcoin and JPMorgan CEO Jamie Dimon, last month he said Bitcoin was a fraud and it collapsed, the crypto currency fought it’s way back. Yesterday at $JPM earnings call he Dimon said he isn’t talking about it anymore. $BTC is up $1000 since.