Pantera, Binary and SecondMarket Emerge as Silk Road Bitcoin Bidders

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 Releases Data on SecondMarket's US Marshal Auction Syndicate

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Citi Examines Potential Impact of Silk Road Auction on Bitcoin Price

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....

New USMS Bitcoin Auction for 30,000 BTC Ends: Price Could Be Above Market Rate

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....

US Marshals Auction Participant: Price Not Significantly Below Market

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....

Usual Suspects Return to Bid in Latest US Marshals Bitcoin Auction

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....