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Bitcoin price briefly fell below $30,000 as derivatives positions worth more than a billion-dollar get liquidated

Finland’s customs authority is looking to sell bitcoin seized in 2016, now worth more than $75 million

Finland’s customs authority, Tulli, is looking to sell 1,981 bitcoins, local public broadcaster Yle reported the news on Thursday. The majority of the seized bitcoins (1,666) were confiscated in 2016 via the arrest of Finnish drug dealer Douppikauppa. The bitcoins were worth about $860,000 at the time of confiscation, and now they are valued at more than $75 million. …

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Orbit to use Ethereum blockchain to buy and sell solar power

Orbit to use Ethereum blockchain to buy and sell solar power

Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing …

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‘Sell in May’ Wall Street Adage Doesn’t Apply to Bitcoin, Data Suggests

‘Sell in May’ Wall Street Adage Doesn’t Apply to Bitcoin, Data Suggests

The old Wall Street maxim “sell in May and go away” is detrimental to bitcoin investors, market data from Messari suggests. The largest cryptocurrency generated positive returns during eight of the past 10 Mays, outperforming its monthly average for that year during six of them.  “Sell in May” refers to an old investment strategy that …

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US Authorities Freeze COVID-19 Website Alleged Scammer Tried to Sell for Bitcoin

US Authorities Freeze COVID-19 Website Alleged Scammer Tried to Sell for Bitcoin

The U.S. Departments of Justice (DOJ) and Homeland Security (DHS) have seized coronaprevention.org, alleging its owner tried to sell the domain for bitcoin after posting about it in a “hacker’s forum.” Announced late Friday, the unidentified owner of the site tried to sell the domain to an undercover agent with the Department of Homeland Security’s …

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