Bitcoin Price Chart Breakout Pending Silk Road Auction
Bitcoin price chart is consolidating in a range - presumably leading up to the SR wallet auction later this month. After correcting the recent rally to $538 (Bitstamp) and within $2.50 of the $520 downside target (Bitfinex) forecast in my last report, Bitcoin price has seemingly turned it's attention higher and is showing signs of consolidating for a rally toward $700. Update 2 (21 June). Bitstamp (hourly) price action has returned to the level of the apex formed by the two converging trendlines at 592. Momentum indicators in hourly and four hourly timeframes have room for more upside, but....
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So far, the auction held by The Shadow Brokers has collected 1.761 Bitcoin, which is next to nothing. The Shadow Brokers are attracting a lot of attention with their so-called NSA exploit kit auction. Although the group is demanding a price of 1 million Bitcoin, several of the bis which have been confirmed raise some questions. The US government obtained several thousand Bitcoin when shutting down Silk Road. What is preventing them from using this funds to win the auction? Hardly anyone will be surprised to hear the US government will do everything they can to prevent this NSA toolkit from....
It remains unknown as to how these bidders will value the price per Bitcoin, as it does not have to be the same as the current market price. Another Bitcoin auction will be held by the US government on August 22, 2016. This auction is a lot smaller compared to previous ones, as “only” 2,700 bitcoins will be up for grabs. All of these coins were seized during investigations of Silk Road. Interested bidders must register by August 18 if they want to get their hands on US$1.6m worth of Bitcoin. When the Silk Road platform was shut down by government officials a few years ago, significant....
50,000 Bitcoins are going to be auctioned in the coming weeks. Despite the fact that Ross Ulbricht is not scheduled to stand trial until after the holiday season, the US Marshal's Service is going ahead with a second round of their Silk Road Bitcoin Auction. These Bitcoins that are currently being sold through the beginning of December likely belong to Ross Ulbricht himself, not Silk Road or Silk Road users. In January, Ross Ulbricht and his lawyers signed a court order that allowed the USMS to sell Bitcoins belonging to Silk Road and all property traceable from said crime, "including but....
"Oops!" is the word the probably most accurately describes the mistake made by the U. S. Marshals Service (USMS) when it comes to the auctioning of nearly $18 million worth of bitcoins seized from Silk Road servers last year. Background: U. S. Marshals Service Poised to Auction Off Silk Road Bitcoins. In an email to bidders that attempted to highlight some changes to the auction's 'frequently asked questions' section, the Service included all recipients in the CC field as opposed to the BCC field, making all send-to addresses visible to recipients. Shortly thereafter, the USMS issued a....
With the end of the week already here, it means it's time for another Bitcoin News in Review, where we feature some of our top stories here on CryptoCoins News. This week, we learned the results of the Silk Road bitcoin auction, saw interesting trends in the price of BTC, saw the author of bit gold break his long silence, and more. Check out this Bitcoin News in Review after the break. Silk Road Auction Winners and Losers. The results are in. The U. S. government recently auctioned off the ~30,000 bitcoins it seized from Silk Road, with the final bidding ending on June 27th. Firms such as....