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....
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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....
Venture capitalist Tim Draper has been revealed as the winner of last Friday's USMS bitcoin auction. The US Marshals Service (USMS) has announced that a single, undisclosed bidder claimed all of the roughly 30,000 bitcoins seized from online black market Silk Road and sold in its recent auction. The winning bidder outbid all other parties for the 10 auction blocks, according to the USMS. Further, the bitcoins have already been transferred to the winner, according to Blockchain. The USMS previously said that it would begin notifying bidders as to whether they had secured any of the blocks....
New York-based bitcoin exchange itBit has revealed it successfully secured five auction blocks as part of last week's bitcoin auction overseen by the US Marshals Service (USMS). The event saw the government agency oversee the sale of 44,000 BTC (valued at $16.6m at press time) on the open market, with each auction block consisting of 2,000 BTC or more. Bobby Cho, Director of Trading at itBit, told CoinDesk: "We confirm that itBit's auction bid, organized on behalf of a syndicate of our exchange and OTC trading clients, won five blocks in the final USMS auction." The exchange had originally....
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 US Marshals Service (USMS) has revealed that its next bitcoin auction could take place in the first quarter of 2015. The federal agency tasked with managing assets seized during criminal investigations has to date auctioned off nearly 80,000 BTC confiscated in the FBI's shutdown of now-infamous online black market Silk Road. The USMS did not reveal further details about the timing to CoinDesk, stating only: "We do anticipate that we will hold another bitcoin auction in the first quarter of this year. The agency also declined to elaborate further on ongoing plans for upcoming auctions,....