The U.S. Marshals Service will auction $37.4 million worth of Bitcoin on Feb. 18 https://t.co/52yPI5oMds— Cointelegraph (@Cointelegraph) February 3, 2020
The US Marshals Service (USMS) will auction off approximately 4,040 bitcoin to registered bidders on Feb. 18. The bitcoin will be sold in four lots, with 2,500, 1,000, 500, and 40.54069820 bitcoin each, with the first three lots being split up into blocks, each with a set number of BTC. Potential bidders must register the week before and must deposit at least $200,000 before being able to bid - participants who do not win their bids will receive their funds back.
The bitcoin to be auctioned off comes from more than 50 administrative forfeitures and legal cases, according to the Marshal's website. If they had not sold the Bitcoins they have confiscated since 2013 instead of selling them immediately, they would actually be sitting on over $500,000,000 today.
The Monetary Authority of Singapore (MAS) has cleared iSTOX for full operations. According the ICHX Rech, iSTOX is going to be the first securities token platform licensed as a capital markets provider. The platform will provide institutional investors with issuance, custody, and trading services for digitized securities.
BitPay will be adding support for more cryptocurrencies soon, along with a possible Lightning Network Integration, as revealed by their CEO Stephen Pair. While Pair did not disclose which cryptos are going to be added next, he mentioned that "you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what we are interested in." He further added "We are looking at cryptocurrencies that have adoption, and work well for payments."
BitPay accepts Bitcoin (BTC), Bitcoin cash (BCH), Ethereum (ETH), and most recently Ripple (XRP), and also supports 3 stablecoins - USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).
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