Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the state budget. The tax authority explained that this is the first time it has sold seized cryptocurrencies. Irina Gavrilova, Director of the STI Non-Payment Administration Department, commented: The whole process was new for the tax administrator, from the takeover of the confiscated cryptocurrencies to their sale. She added that in the future, it will be much easier and faster to sell seized cryptocurrencies. “The smooth conversion of cryptocurrencies into euros...
The hunt for the mysterious Bitcoin inventor, Satoshi Nakamoto continues to this day, as new data-driven research has been recently deployed in order to figure out the creator’s location while he/she or they worked on the network. The researchers analyzed Satoshi’s 539 Bitcointalk posts, 34 emails, 169 code commits, metadata from all the versions of bitcoin he worked on, the genesis block data, and archived data from the Wayback Machine. Report Suggests Satoshi Nakamoto Lived in London While Creating Bitcoin To this very day, the world is still clueless about the identity of Satoshi Nakamoto, the creator of the first cryptocurrency network Bitcoin . Just recently, research stemming from The Chain Bulletin published an editorial that attempts to hone in on Satoshi Nakamoto’s location during the creation of the world’s first blockchain. On November 23, 2020, the author Doncho Karaivanov explains researchers combed through “Satoshi’s Bitcointalk posts, Sourceforge ...