Third US Marshals Service Bitcoin Auction to Take Place in March
Oh, Ross Ulbricht... After having a jury point in his face and scream, "You're the real Dread Pirate Roberts," after being handed a guilty verdict for allegedly running the underground bitcoin black market Silk Road, and after being told that he'll have to wait another three months to be sentenced in May, another 50,000 of the supposed drug kingpin's bitcoins are scheduled to be auctioned off by the US Marshals service on March 5th. That roughly gives him only about three weeks to say goodbye to another chunk of his alleged stash of drug money. This auction is set to be the third in a....
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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....
The US Marshals Service has announced it will auction off 50,000 BTC, worth $11.85m at press time, to the public on 5th March. The auction will take place from 8:00 EST to 14:00 EST, with bids being accepted only by pre-registered participants. Bidders must complete the registration process by 2nd March to be eligible, while winning bidders will be notified 6th March. As in previous auctions, the 50,000 BTC will be split into smaller auction blocks. This time 20 in total will be auctioned, with 10 blocks of 2,000 BTC and 10 blocks of 3,000 BTC for sale. The federal agency, which manages....
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....
Today is the day for some high rollers to get their hands on bitcoin in a way unlike we have ever seen before. A massive bitcoin auction is taking place from 6 am to 6 pm Eastern time, and it's being held by the United States Marshals Service. Up for grabs: 29,656.51306529 bitcoins seized from the Silk Road operation that was shut down by federal authorities in late 2013. Silk Road had served as the web's most popular illicit marketplace, where users could buy anything from hard drugs to weaponry using bitcoin. With the take-down came the arrest of the alleged Dread Pirate Roberts, Ross....
Welcome to the latest edition of the NewsBTC Weekly Bitcoin Recap, where we highlight our top stories of the week. Let's take a look at the biggest headlines for the week of February 15-21, 2015. 1. Chinese Bitcoin Exchange Bter Hacked - as reported on February 15th. Popular Chinese Bitcoin exchange Bter went offline after being struck by a 7,170 BTC theft. The incident first came to the spotlight when some of the Bter users noticed a number of elite transactions moving from Bter's cold wallet to a random Bitcoin wallet address. 2. Third US Marshals Service Bitcoin Auction to Take Place in....