Bitcoin

Feds Moving Quickly To Cash in on Seized Bitcoin, Now Worth $8.4 Million (arstechnica.com) 151

A federal judge in Utah has agreed to let the US government sell off a seized cache of over 513 bitcoins (BTC) and 512 Bitcoin Cash (BCH). At current prices, that would yield approximately $8.4 million for the bitcoins and nearly $1 million for the BCH. From a report: In a court filing, prosecutors noted that due to the volatility of the Bitcoin market, both coins risk losing value. Both the BTC and the BCH have already been transferred to government-controlled wallets. The new round of seized digital currency belonged to a Utah man named Aaron Shamo, whom prosecutors say led a multimillion-dollar ring of counterfeit pharmaceuticals, including oxycodone and alprazolam that were sold on Dark Web marketplaces. Shamo was arrested over a year ago -- his trial has not yet been scheduled. On Tuesday, US District Judge Dale Kimball allowed the sale to proceed. Once sold, the money would go to an account held at the Treasury Executive Office for Asset Forfeiture.
Google

Google Is Using Light Beam Tech To Connect Rural India To the Internet (techcrunch.com) 67

Google is preparing to use light beams to bring rural areas of the planet online after it announced to a planned rollout in India. From a report: The firm is working with a telecom operator in Indian state Andhra Pradesh, home to over 50 million people, to use Free Space Optical Communications (FSOC), a technology that uses beams of light to deliver high-speed, high-capacity connectivity over long distances. Now partner AP State FiberNet will introduce 2,000 FSOC links starting from January to add additional support to its network backbone in the state. The Google project is aimed at "critical gaps to major access points, like cell-towers and WiFi hotspots, that support thousands of people," Google said. The initiative ties into a government initiative to connect 12 million households to the internet by 2019, the U.S. firm added.

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