Bitcoin Shop Registers With U. S. Marshals Service For Bitcoin 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....
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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....
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....
There's been silence with regard to just who is the prevailing bidder when it comes to last Friday's bitcoin auction held by the United States Marshals Service. Things have been a little different when it comes to participants whose bids were not accepted, however. Both Barry Silbert of SecondMarket/Bitcoin Investment trust and Dan Morehead of Pantera Capital announced their bids weren't accepted, and now Bitcoin Shop, Inc. has come forth to announced their bids were also not accepted. "Our bid with the USMS to purchase bitcoins through an online auction was not accepted," said Bitcoin....
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....
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 -....