Bidder Turnout Ties All-Time Low in Final Silk Road Bitcoin Auction
The fourth and final US Marshals (USMS) auction of bitcoins confiscated during the investigation into online black market Silk Road drew only 11 bidders today, the lowest total since the second auction held in December 2014. The government agency indicated that 11 registered bidders submitted a total of 30 bids on 22 blocks of bitcoins during today's auction. Twenty-one of the blocks were for 2,000 BTC (valued at $790,000 at press time), while the final block included 2,341 BTC (roughly $926,200). Participation was once again down sharply from the first auction of nearly 30,000 BTC held in....
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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....
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....
A winning bidder claimed 2,700 BTC (worth $1.58m) at an auction held by the US Marshals Service (USMS) today. USMS representatives confirmed to CoinDesk that four bids were received in the auction, which took place between 13:00 and 19:00 UTC. The event, by far the smallest held to date by the USMS, saw bitcoins confiscated in cases involving convicted Silk Road ringleader Ross Ulbricht and former federal agent Carl Force IV made available for sale. In total, only five registered bidders sought to claim the 2,700 BTC block, the agency said. The turnout was lower than observed in the most....
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....
A total of five people bid on $1.6 million in bitcoin the government auctioned on Monday, according to Inverse, which begs the question: why did so few seek to bid on the last block of bitcoins the government was auctioning from the Silk Road bust of 144,000 bitcoins? The U.S. Marshals Service (USMS) auctioned the block of 2,700 bitcoins on Monday. In six hours, someone placed the winning bid. Monday’s auction followed 44,000 bitcoins (estimated at $14.6 million) sold to four winners out of a pool of 11 bidders for Silk Road related assets. Anonymous Winner. USMS confirmed that an....