Bitcoin Exchange itBit Wins 10,000 BTC in US Government Auction

Bitcoin Exchange itBit Wins 10,000 BTC in US Government Auction

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....


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