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....
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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....
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....
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....