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Surrey Police has officially become the first UK police force to effectively seize and convert bitcoin. However, due to active legislation, the police sold the cryptocurrency just before its all-time-high.
Last year in April, Surrey Police seized 295 bitcoins held by now-convicted criminal Seregjs Teresko. The wrongdoer is serving more than nine years of jail time on charges of money laundering, possession and control of articles for use in fraud, and for the cultivation of cannabis.
The police reportedly found a digital key to access the criminal’s bitcoin at his property located in Cobham. Apart from that, the officers also found other expensive items like gold bars, credit cards, and cash in Thai baht, euros, and sterling.
The mainstream media narrative that Bitcoin is a “ponzi scheme” and bagholders are selling is false, new data showing Bitcoin user ‘hodl’ behavior claims.
Whales Are ‘Hodling’
The findings, uploaded to Twitter by commentator and researcher BambouClub June 25, focuses on so-called ‘Bitcoin days destroyed’ (BDD) as a variable by which to judge investor sentiment, which he explains is “totally unaffected” by bitcoin price 00.
In line with other recent research pieces, BDD trends from Bitcoin’s creation in 2009 to the present day demonstrate that more Bitcoin holders are storing, rather than trading or selling, their bitcoins.
Bitcoinist spoke with the team from P2P lending platform INLOCK on how its platform solves the spendability problem for users of Bitcoin and other cryptocurrencies while providing the option to remain ‘hodlers’.
Wanted to ‘hodl’ when you should have ‘sodl’ or vice versa? Despite incredible potential, the nascent cryptocurrency industry is still behind in terms of financial services and tools that offer flexibility when compared to traditional finance.
P2P lending platform InLock wants to change this by enabling cryptocurrency to be used as collateral for a loan in fiat — effectively solving the short-term spendability problem. At the same time, borrowers can remain ‘hodlers‘ with the option to get their cryptocurrency back in full after the loan is paid off, regardless of any changes in price.
In an era where many startups are taking more complex transactions to other blockchains, Hodl Hodl is focused on making them work on the bitcoin.
CNBC’s cousin, CNBC Africa, has produced its own cryptocurrency segment, with its host appearing on CNBC’s Fast Money yesterday to discuss his opinions on the top four cryptocurrencies.
Cryptocurrencies are a worldwide phenomenon, with people from America to Zimbabwe getting involved in one of the world’s fastest-growing industries. Africa has long proven itself to be a popular place for cryptocurrency growth and adoption, with many African consumers adopting cryptocurrencies in their daily lives.
This week Dhruv Bansal the co-founder of Unchained Capital, a cryptocurrency based financial services lending firm released a research study called ‘Bitcoin Data Science: Hodl Waves’ part one. Bansal and his team analyzed the BTC network’s ledger of Unspent Transaction Outputs (UTXO) over a few years and discovered how when BTC lost a large share of value — transactions occurred less because of new investors and distinct holding periods materializing.
A Bitcoin investor has waited less than 200 days to double their money during any period since 2011, new data reports.
Double, Not Quits, In Under 200 Days
Uploading a chart showing how often investors gained 50% and 100% on their investment into BTC, a social media cryptocurrency commentator calculated a median value of 189 days for funds to increase twofold.
The figures make interesting reading as both Bitcoin and altcoin prices continue to fall towards $ 6500 March 30, having extended losses which began back in December.
Well-known cryptocurrency traders have reacted with excitement to news decentralized cryptocurrency exchange Hodl Hodl has launched its public BETA.
Hodl Hodl Sets Price Of Avoiding KYC At 0.6%
The p2p platform, which offers traders decentralized exchange functionality for Bitcoin and Litecoin, announced its limited debut February 11.
“For now, we are opened in BETA-mode until July of 2018, which means a lot of new features are coming soon, with the main functionality of the exchange being ready and available for use now,” a blog post reads.
Hodl Hodl includes SegWit addresses as standard, lowering both the cost and time required to send Bitcoin transactions.
Crypto comes to the fast food world as KFC Canada introduces the Bitcoin Bucket, a meal for $ 20 worth of the digital currency.
There are some brands that have become incredibly iconic over the years. One such brand is Kentucky Fried Chicken, or KFC for short. KFC has spread from a regional chain to franchises spanning the globe. Their “finger lickin’ good” food has been devoured by millions of loyal customers. Now their famous fried chicken is getting a crypto boost as KFC Canada has rolled out the Bitcoin Bucket.
The Winklevoss twins have cut up and stored their Bitcoin keys in safety deposit boxes across multiple banks in the United States.
One of the main problems with cryptocurrency is that thieves can plunder a person’s wallet, and there’s very little recourse that one can do in such a situation.
To ensure that such an event doesn’t happen to their 120,000 bitcoins, the Winklevoss twins have cut up their Bitcoin keys into multiple pieces (on paper) and stored them in safety deposit boxes across multiple banks in the United States.
J.C. Hiatt – HODL Daily — Bitcoin, Blockchain, Cryptocurrency, Ethereum, Litecoin and Altcoins for the Non-Technical
from HODL Daily — Bitcoin, Blockchain, Cryptocurrency, Ethereum, Litecoin and Altcoins for the Non-Technical
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