A UK police force has become the country's first to seize and convert bitcoin to pounds as part of a criminal probe, netting £1.25 million ($1.6 million) — though officers were notallowed to decide when they sold it, somewhat missing last year's massive bull run. The police force seized 295 bitcoin in April last year from a now-convictedLatvian money-launderer that at the time was worth around £900,000. These bitcoin then remained in police hands until October when they were converted to sterling.The cryptocurrencyclimbed to almost $20,000 towards the end of last year before falling sharply back and is now trading ... (full story)