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”
2017 finished with what can best be described as a crypto mania. Seems everyone was talking Bitcoin. Companies were adding blockchain to their title and seeing their stock go up 400% on nothing but a name change. But this was different this time! Apparently not.
;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 is currently the leading worldwide cryptocurrency and it is quickly becoming a popular alternative form of payment electronically. Be informed of the risks and how to counter them.
Right on cure for Halloween the CME announced it will be launching futures contracts for the cryptocurrency Bitcoin in Q4 2107 once regulatory measures are completed. Also right on cue Bitcoin launced to new all time highs.
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.