Finland sells 1,889 seized bitcoins for $47m

RIYADH, July 24 (Arab News): Bitcoin, the leading cryptocurrency internationally, traded lower on Sunday, falling by 0.65 per cent to $22,750.19.

Ethereum, the second most traded cryptocurrency, was priced at $1,602.32 rising by 1.36 per cent, according to data from Coindesk.

As Ukraine's war with Russia continues, Finland has sold 1,889 bitcoins seized in narcotic cases for €46.5 million ($47.4 million). The proceeds will go to Ukraine for humanitarian aid and reconstruction, according to Bitcoin.com

Tulli, the customs service of the government of Finland, announced Thursday that it had sold bitcoins that were "legally forfeited."