Pantera, Binary and SecondMarket Emerge as Silk Road Bitcoin Bidders
The US Marshals Service (USMS), the federal agency charged with carrying out the auction of 30,000 BTC seized by the FBI in the shutdown of online black marketplace Silk Road, inadvertently gave bitcoin industry observers a first look at some potential bidders for the bounty yesterday in a move that has since been widely lampooned by the media. This unintentional error occurred when the agency accidentally revealed a lengthy list of names of those who had expressed interest in the auction process during an attempt to provide an informational update to these parties. Though that list....
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Barry Silbert, CEO of bitcoin investment platforms SecondMarket and Bitcoin Investment Trust, has released new data regarding the auction syndicate that his entities formed to participate in Friday's US Marshals Auction of 30,000 BTC seized from online black market Silk Road. The figures, while potentially unrelated to the final results to be confirmed Monday, provide evidence that Silbert's strategy to use a syndicate model was successful at opening the auction to a wider range of foreign and domestic investors. Results of our US Marshals bitcoin syndicate: Bidders - 42 Bids received -....
The US government plans to auction off 29,656 bitcoins later today and many analysts and financial institutions have weighed in on what increasingly becoming a major event in the eyes of the mainstream media. Now Citi, the New York-based financial services giant, has made its opinions known too, examining the impact of the impending sale in a note sent out late yesterday penned by research analyst Steven Englander. The bitcoins to be auctioned were seized by the US Marshals Service (USMS) following the shutdown of online drugs bazaar Silk Road. The USMS told CoinDesk that it is not certain....
The second Silk Road Bitcoin auction for a 30,000 chunk of Ross Ulbricht's personal bitcoins, which he agreed to have sold, has ended today. The US Marshal's Service (USMS) is reporting that 11 registered bidders submitted a total of 27 bids; in contrast, the first Silk Road Bitcoin auction had 35 registered bidders that put in 63 bids. After the first Silk Road Bitcoin auction, it was revealed that many of the bidders only put in under-market bids. Undoubtedly, said bidders did not return to the second round knowing the true demand for large chunks of bitcoins. However, the fast growth....
The U. S. Marshals held their third auction for the bitcoin seized from Ross Ulbricht during the Silk Road investigation, auctioning off 50,000 bitcoin on March 5. Demand in this auction was higher than in the second auction held last December, but not as high as the original auction in June 2014. All told, there were 14 registered bidders who participated in the auction. Participants in this auction included Barry Silbert and SecondMarket Inc., Pantera Capital led by Dan Morehead, and Kardashev Capital. There were 10 blocks of 3,000 bitcoin and 10 blocks of 2,000 bitcoin available for....
A second planned auction of 50,000 bitcoins seized by the US government from alleged Silk Road mastermind Ross Ulbricht is attracting many of the same bidders who participated in the June sale of roughly 30,000 BTC taken from the illicit website itself. Many of the more notable participants from the first auction, including Binary Financial, Bitcoin Investment Trust, Bitcoins Reserve, Mirror (formerly Vaurum), Pantera Capital and angel investor Tim Draper will be taking part once again in the 4th December event. Although bidders admit that this auction is likely to receive less media....