Breaking: Bulgarian Attorney Dispels Country’s Bitcoin Holdings as Fake News

[kreslik.news]

Earlier this week, Coinbase reported that Bulgarian authorities seized 213,519 BTC in May from an organized crime group. The amount of Bitcoin amounts to about $3.2 billion at current prices on Bitstamp. The country’s authorities, however, have not confirmed anything about the details related to the police raid when the cryptocurrency was allegedly confiscated.

Official authorities are no longer keeping silent on the matter since the story’s popularity broke out of proportion and some Bitcoin traders started fearing a massive dump of BTC onto the market. According to the attorney in charge of the case who was quoted by Coinbase in ... (read more)