$19 Million in Bitcoin Hits the Auction Block in Australia
More than $19m worth of bitcoin is now being sold at auction in a public sale overseen by professional services firm Ernst & Young. Announced on 30th May, the auction finds E&Y auctioning 25,518 BTC (worth roughly $19m at press time) over a 48-hour period that began at 12:01am AEST today. As previously reported, the bitcoins were confiscated by law enforcement officials from an Australian native in late 2014 in connection with a narcotics investigation. But with bitcoin trading at two-year highs, just who is interested in the auction and whether it draws the same number of....
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An auction in Sydney will put up over $13 million ($18 million AUD) in bitcoin for auction next month. The bitcoins were confiscated as “the proceeds of crime”, announced global services firm Ernst & Young, referring to the now-defunct online dark market, Silk Road. Ernst & Young Australia will hold an international auction for 24,518 bitcoins (approx. $13.03 million at the time of publishing) confiscated from an Australian national involved in drug market Silk Road. The bitcoins were seized last year following the sentencing of Melbourne native Richard Pollard. Arrested in late....
Financial services firm Ernst and Young has announced it has successfully auctioned off 24,518 Bitcoins at a closed international auction which ended on June 21. The auction was the first of its kind in Australia and the second ever globally. Bidders were made to deposit $250,000 as well as meet other financial requirements to bid for the available 11 lots of 2,000 Bitcoins and one lot of 2,518 Bitcoins. Going by its current rate (1 BTC = $634), the auctioned 24,518 Bitcoins are worth about US$16 million. The Bitcoins are the proceeds of crime as part of the civil forfeiture connected to....
One of the “Big Four” audit firms the multinational financial management service Ernst & Young (EY) is auctioning $16 million worth of bitcoin next month in Sydney, Australia. The 24,518 bitcoins seized by special agencies will make for the country’s first cryptocurrency auction of this magnitude — much like the U.S. Marshals Silk Road auctions in....
Australia’s Lloyds Auctions now accepts major cryptocurrencies for any of the items offered on its marketplace. Within hours of the announcement, the auction house managed to sell an expensive caravan (camper/trailer) to a bidder who was happy to pay the full price with digital coins. Australian Auction House Lloyds Auctions Accepts Crypto From Bidders Against a backdrop of volatile crypto markets in the past days and weeks, investors have been on the lookout for ways to cash out profits or transfer some of their wealth elsewhere. Lloyds Auctions, a leading auction house in....
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s.
Sotheby’s ‘Punk It!’ Auction to Sell 104 Cryptopunks
The luxury auction house Sotheby’s plans to auction 104 Cryptopunks on February 23, according to an announcement from the company’s official....