Billionaire bitcoin owner Mircea Popescu has reportedly died, leaving behind a cache of virtual currency and a controversial crypto legacy.<\/p>\n
The bitcoin BTCUSD, -0.07% pioneer, who was believed to own over $1 billion in the worlds No. 1 crypto, making him, at the time, one of the assets larger single-holders, died off the coast of Costa Rica, according to a Spanish-language publication, Teletica.com, which reported last week that a foreigner had drowned at Playa Hermosa de Garabito, Puntarenas, in Costa Rica, describing the victim as a 41-year-old of Polish origin. However, Popescu is a well-knowned name in Romania and he has been described on some sites as a Romanian entrepreneur and blogger. <\/p>\n
Popescu was viewed as a pioneer in digital assets and one of the earliest adopters. An article in Bitcoin Magazine written by Pete Rizzo said that Popescu was known for starting MPEx, a bitcoin securities exchange, around the same time as Coinbase Global COIN, +9.86% launched. <\/p>\n
At its mid-April peak this year, Popescus bitcoin holdings would have been worth nearly $2 billion. <\/p>\n
Read: Feds Quarles says digital dollar could pose considerable risks to financial system<\/p>\n
At last check, bitcoin prices were changing hands at around $34,295, up 3.2% on the day, and Ether ETHUSD, -0.59% on Ethereums blockchain was trading at $2,079, up over 13%, even amid reports that the worlds largest crypto trading platform Binance was facing a regulatory crackdown in the U.K., and a separate report noting that the platform has been compelled to pull out of doing business in the Canadian province of Ontario. <\/p>\n
Word of Popescus reported death was circulating in crypto circles, with some wondering where his holdings would go. <\/p>\n
The latest news also comes as crypto continues to wrestle with Chinas ban on bitcoin mining and crypto trading in the worlds second-largest economy and the biggest crypto miner. <\/p>\n
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\nOne of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41: reports - MarketWatch<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"