[Botten]

Such wonderful feeling to know your blood err Bitcoin investment is used in all the wrong ways.

Germany seizes 50,000 BTC

German state authorities have confiscated roughly 50,000 BTC as part of a broader investigation into alleged copyright violations.

In a Jan. 30 announcement, the Saxony police said the seizure was connected to two German and Polish nationals, who purchased the Bitcoin with proceeds from pirated material. The seized funds are worth more than $2.1 billion at current prices.

“The Bitcoin were seized after the accused voluntarily transferred them to official wallets provided by the [police],” the authorities said. “This means that a final decision has not yet been made about the utilization of the Bitcoin.”