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Cryptocurrency cashed in for $200K profit after N.J. authorities seized it during drug bust 3 years ago Updated 3:17 PM; At least one New Jersey law enforcement agency now has cryptocurrency in the bank. On Monday, the Monmouth County Prosecutor’s Office said it is the first law enforcement agency in New Jersey to complete the forfeiture and liquidation of cryptocurrency assets, which were seized during an illegal narcotics distribution bust out of Long Branch three years ago. In 2018, investigators executed search warrants at two Long Branch locations used by 39-year-old Giddel Gonzalez-E...

4/7/2021 7:53:58 PM GMT One Bitcoin transaction is equivalent to burning 75 gallons of gasoline. China accounts for more than 75% of the BTC network's hashing power. Research published in Nature Communications says crypto mining activities will gradually grow and peak at 296.59 Terawatt-hours of energy (TWh) per year. The energy consumption related to cryptocurrency mining is a topic of debate among critics and advocates of these digital assets. Minting one Bitcoin requires a lot of electricity, which is at odds with the global movement to reduce carbon emissions.  Bitcoin energy consumptio...

-- this post authored by Alexander Kroeger and Asani Sarkar Bitcoin is the most popular virtual currency yet developed. Proponents assert that bitcoin can remove frictions involved in payment and settlement systems by eliminating the need for the financial intermediaries that exist in traditional currencies. In this blog post, we show that while bitcoin transfers themselves are relatively frictionless for the user, there are significant frictions when bitcoins trade in exchange markets resulting in meaningful and persistent price differences across bitcoin exchanges. These exchange-related fr...

Nigeria is the latest country to ban cryptocurrency trading as announced on Friday by the Central Bank of Nigeria. The CBN ordered banks and financial institutions to block bank accounts trading in cryptocurrency , stressing that failure to comply to the directive attracts severe regulator sanctions. Meanwhile , here are five things you didn’t know […]

A customer magnet it's one as you're a nurse and spits out digital coins into a smartphone based online oneness within seconds. the german business woman had good reason to choose vienna for her operation. and you get time austria sees it as a digital commodity and treats it like software that means you don't need a license from the financial markets supervisory bodies in contrast to germany where you need a financial intermediary license to trade in bitcoin. the austrian press has dubbed her the bitcoin queen. marked elina is brand sells thousands of euros worth of bitcoin every day. demand i...