Weekend Bitcoin Price Holds Steady after US Marshals Auction
More than 40 hours after the close of the US Marshals Bitcoin auction, the value of 1 BTC against the US dollar has held almost perfectly stable. At the start of Friday’s auction at 6:00 AM EDT, 1 BTC was worth US$590 according to our price tracker. As of 2:00 PM EDT, 1 BTC was worth US$596. Some feared that the auction of more than US$17 million worth of bitcoins would cause a panic sell and possibly send the value of the cryptocurrency tumbling. Instead, a slight uptick was the result. The auction Friday was held by the US Marshals Service, which held about 30,000 bitcoins as a result of....
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The much awaited bitcoin auction by the United States Marshals Service is finally over. The US Marshals Service, in possession of confiscated bitcoins from the Silk Road investigation auctioned the last of them earlier on Thursday. Thursday's auction had about 44,341 bitcoins worth $17.21 million out for bidding by those who had earlier registered with the US Marshals Service. According to reports, the online auction saw 11 bidders bidding 30 times over a span of six hours. Completion of the latest auction signifies liquidation of all the bitcoins seized from the wallets belonging to Silk....
This past Friday's bitcoin auction held by the United States Marshals Service has seemingly been talk of the town, and now, the service has released some information with regard to Friday's happenings today in a chat with bitcoin news website CoinDesk. A total of 45 bidders registered for the auction (with one of the requirements being the need to wire a $200,000 deposit from a US bank account), with 63 bids submitted during the twelve hours the auction ran, from 6 am to 6 pm East coast time. Unfortunately, the juicy information such as who won and how much their bid was worth is still....
Argh, some unfortunate news... Bitcoin has dropped by about $10 since the most recent price article. We previously introduced the question of whether or not the price increase would continue in short bursts as we have been witnessing. The third US Marshals Bitcoin Auction was announced for next month, which seemed to have sparked some interest, but maybe that interest was short-lived, and maybe the auction won't do as much as we were originally hoping. After all, traffic and participation in the second auction was considerably smaller than what we saw in the first. Maybe as each auction....
With news that the United States Marshals Service is planning to auction off about 30,000 bitcoins later this week (seized from the Silk Road illicit marketplace in 2013), big names are looking for some way to get involved. One such name happens to be Bitcoin Shop, Inc., an online retail store that sells a variety of products that can be purchased using the bitcoin digital currency. The company said on Monday that they have submitted registration with the United States Marshals Service in direct relation with the bitcoin auction. It's the prerequisite to the actual bidding process, which....
Earlier today, users in the Reddit community began noticing that very rich wallet that holds the bitcoins that once belonged to Silk Road have moved to another wallet address [link]. The move has undoubtedly raised many questions - with over $17.4 million being moved like nothing. As it were, the coins are being prepped for an auction held by the United States Marshals Service, according to this page posted up today. "FOR SALE," reads the offer. "29,656.51306529 bitcoins". THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE....