Bitcoin Shop Bids in USMS Bitcoin Auction Not Accepted
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....
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The US Marshals Service (USMS) has announced that it will auction off 50,000 bitcoins, worth roughly $20m, that belong to accused Silk Road operator Ross Ulbricht. The auction is the second held by the US agency, following the sale of 30,000 BTC in July. Involving well-known participants from across the bitcoin and traditional finance industries, the auction was won by venture capitalist Tim Draper, who successfully bid on all the rounds organized by the USMS. According to the announcement, the USMS began accepting bids at 9:00 EST on 17th November, and the deadline for bids ends on....
The US Marshals Service (USMS), the federal agency charged with managing the sale of property confiscated by federal law enforcement agencies, has released new data on its auction of 50,000 BTC confiscated from alleged Silk Road head Ross Ulbricht and held today. The USMS data, distributed via email, indicates that the number of bidders in the agency's second bitcoin auction has declined significantly from the first auction held this June. That auction, which received widespread media coverage in the US and had an observable affect on bitcoin's market, attracted a total of 45 registered....
The US Marshals Service (USMS) has announced that 14 bidders participated in today's auction of 50,000 BTC, worth $13.4m at press time, placing 34 bids over the course of the six-hour event. The figure was up slightly from the 11 bidders and 27 bids entered in December's auction, but down from the 45 bidders and 63 bids during the first auction in June. A spokesperson for the USMS indicated that the auction is currently being evaluated and that bids are being reviewed. The spokesperson said: "No further information will be released until the conclusion of the auction process, when....
Over the past year, the U. S. Marshals Service (USMS ) has auctioned off a large part of the bitcoin that had been confiscated as a result of the Silk Road investigation. The USMS will hold the final auction for 44,341 bitcoin seized as a result of the criminal conviction and civil forfeiture against Ross Ulbricht. At today's market price, the bitcoin are worth about $15 million. During the course of the investigation, the USMS seized more than 144,000 BTC from Ross Ulbricht, the creator of the Silk Road marketplace. At the moment of seizure, the bitcoin were worth about $122 million. In....
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....