U. S. Marshal Auction Speculated to Affect Bitcoin Value
Ever since the dawn of digital currency, value has heavily relied on the headlines. Is there good news in the papers? Great, it sounds like a good time to buy and raise the price. Did something horrific happen suddenly? Sell, sell, sell and get out of the market before the value crashes into oblivion. The "death of Bitcoin" is surely to be upon us soon! It can be proven time and time again through various examples. Unfortunately, the best examples are based on sells from bad news: Mt. Gox, China Bans, etc. However, market manipulation is alive and well across all digital currencies; even....
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As I predicted the Bitcoin price hit 550 USD early this morning (EST). Even though the price trend looked to be bearish, the price drop of more than 60 USD per BTC that we experienced today was probably mainly caused by US Marshal. In an announcement made for 11 hours ago, US Marshal explains that they will auction of the seized silk road bitcoins in an auction that will end on Monday 30th of June. This caused the Bitcoin price to take a plunge. US Marshal will auction off 29,656.51306529 bitcoins and they are accepting offers based on these terms: A manually signed pdf copy of the Bidder....
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 US government on Monday announced that it is auctioning the last remaining Bitcoins belonging to the now-defunct underground marketplace Silk Road. According to the US Marshal Service's (USMS) press release, the auction of 44,341 Bitcoins (nearly $1.5 million at press time) will take place on November 5 this year, from 8 am to 2 pm. The Bitcoins will be offered in 22 blocks: 21 blocks of 2,000 Bitcoins and 1 block of around 2,341 Bitcoins. The auction winners will be announced the very next day - on November 6. The agency further stated: "The registration period starts Oct. 19 and runs....
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 -....
Just a couple of days back, the United Stated Marshals Service (USMS) announced selling away another large stash of Ross Ulbricht's Bitcoins (50,000 BTC). The statement came amid a 4% value surge on Coin Market Cap, subjecting Bitcoin once again to traders' guesstimates, so can this auction affect bitcoin price? An auction might be the most fundamentally accurate event for Bitcoin trading market - especially in the ways it drives the value. As we see the last two auctions held by USMS, you will notice similar price movements that took place before and after the events. For instance, let's....