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Nearly $14 Million in Crypto Sold by German Police

Lul.to, a German audio and e-book pirate platform, trafficked in close to a quarter million titles, serving 30,000 users. Summer of last year, the country’s Cyber Crime Competence Center (SN4C) shut the site down and arrested its operators. A basket of cryptocurrencies were seized in the process. Over a two month period, they were sold off to the public, raking-in a cool €12 million ($13.8 million), the highest take in the nation’s legal history. Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt German Authorities Sell Off Cryptos, Earn Millions Der Tagesspiegel is reporting that proceeds from seized crypto “achieved total just over 12 million euros,” the German news agency quoted a Bamberg prosecutor. The article continues, “In total, 1,312 bitcoins were sold. There were also significant amounts of other cryptocurrencies: 1,399 Bitcoin Cash, 1,312 Bitcoin Gold, and 220 Ether. The sales process lasted for almost two months: in more than 1,600 in...

Markets Update: Slight Comeback Shows Cryptocurrencies Press Forward

Digital assets are seeing some recovery today on May 29, as cryptocurrency bulls are attempting to press market prices higher. Cryptocurrency values dropped pretty low this weekend once again after being unable to hold steady earlier last week. Bitcoin Cash (BCH) weighted price values are averaging $975-986 at press time, gaining 5.3 percent over the past 24-hours. Bitcoin Core (BTC) values are around $7,420-7,460 per coin, and have seen an increase of around 2.4 percent during today’s trading sessions.   Also read:  The Exahash Era: SHA-256 Mining is a Significant Achievement in Computer Engineering Crypto-Markets Rally Back on Tuesday, May 29 — But Will the Gains Be Short-Lived? Today we’re seeing a bit of a minor cryptocurrency rally after prices dipped to significant lows yesterday across the board. There’s definitely been a slight surge in purchasing as on-balance-volumes (OBV) showed a great divergence towards lower levels yesterday. At the moment the entire cryptocu...