UK Auction House to Sell Off $430K in Crypto Confiscated by Belgian Police

United Kingdom and Ireland-based auction house Wilsons Auctions will host its first Bitcoin (BTC) auction in late February as per a contract with the Belgian Federal Government. The news was announced in a blog post from the firm on Feb. 18.

The auction is set to sell off a total amount of about $430,000 in cryptocurrencies, which had previously been seized by the Belgium’s police as a result of a drug trafficking case involving the use of Darknet.

The 24-hour online auction starts on Feb. 28 at 12 p.m. GMT and will finish on March 1. According to the press release, it will be open for an international audience. Source: Cointelegraph

Overstock CEO Predicts Late 2019 Boost in tZERO Token Trading

Patrick Byrne, the CEO of Overstock, believes a market boom for its security trading platform tZERO lies just around the corner.

Speaking to CoinDesk in an interview Wednesday, Byrne said he expected volumes to soar after the year-long lock-up period for the tZERO Preferred (TZROP) token ends in August and the platform opens up to retail investors to register and trade. Right now, only accredited investors can do that.

So far, the daily volume on the platform has been fluctuating between 7,000 and 30,000 units of TZROP – the sole listed asset for now. At current prices, that amounts to less than $200,000 a day, hardly Nasdaq levels. Source: Coindesk

Ethereum Price Analysis: ETH Hesitates But Break Above $150 Seem Likely

ETH price is currently trading in a broad range above the $140 and $142 supports against the US Dollar.

The price seems to be facing a strong resistance near the $148 and $150 levels.

There is a key bullish trend line formed with support at $143 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must stay above the $140 support to clear the $150 barrier in the near term.

Ethereum price is likely preparing for the next break against the US Dollar and bitcoin. ETH/USD could struggle in the short term, but it will most likely break the $150 resistance area. Source: Newsbtc.com

Coinbase’s Brian Armstrong Says it’s Okay to Use Hot Wallets to Store Bitcoin

Brian Armstrong, CEO of $8 billion crypto exchange Coinbase, wants to set some misconceptions straight about the security of various types of Bitcoin wallets.

 

Writing in Fortune, Armstrong clarifies – for a mainstream audience – the difference between hot and cold wallets. If the reader is unfamiliar with the concept, it’s pretty simple. A “hot” wallet is connected to the internet and capable of making immediate transactions. A “cold” wallet is secured offline, by definition, although there are degrees of coldness. A private key stored on an internet-connected device but not loaded into any active wallets is still technically “cold” – it takes more effort to use it on the blockchain. Source: CCN.com