Four Winners Split 44,000 Bitcoins in Final Silk Road Auction
The US Marshals Service (USMS) has revealed that its fourth and final auction of confiscated Silk Road bitcoins resulted in four winners. The public announcement adds certainty to the speculation surrounding the 5th November event, which saw 11 registered bidders compete for blocks totalling 44,000 BTC (valued at roughly $14.6m at press time). So far, only one winner has made public their purchasing of auction blocks, with New York-based bitcoin exchange itBit confirming it successfully secured five blocks on behalf of a syndicate of clients and investors. Figures provided by the USMS....
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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....
The US government on Monday announced that it is auctioning the last remaining Bitcoins belonging to the now-defunct underground marketplace Silk Road. According to the US Marshal Service's (USMS) press release, the auction of 44,341 Bitcoins (nearly $1.5 million at press time) will take place on November 5 this year, from 8 am to 2 pm. The Bitcoins will be offered in 22 blocks: 21 blocks of 2,000 Bitcoins and 1 block of around 2,341 Bitcoins. The auction winners will be announced the very next day - on November 6. The agency further stated: "The registration period starts Oct. 19 and runs....
The US Marshals Service (USMS) has announced it will sell 44,341 BTC (worth approximately $10.6m at press time) in an online auction due to take place on 5th November. To be held from 12:00 UTC to 18:00 UTC, the six-hour auction, open only to pre-registered bidders, represents the final sale of bitcoins in connection with civil forfeiture actions taken against convicted Silk Road mastermind Ross Ulbricht. The bitcoins will be sold in 21 blocks of 2,000 bitcoins, with the remaining 2,341 BTC to be sold in a separate block. Winners, the agency said, will be notified on 6th November. The....
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....
50,000 Bitcoins are going to be auctioned in the coming weeks. Despite the fact that Ross Ulbricht is not scheduled to stand trial until after the holiday season, the US Marshal's Service is going ahead with a second round of their Silk Road Bitcoin Auction. These Bitcoins that are currently being sold through the beginning of December likely belong to Ross Ulbricht himself, not Silk Road or Silk Road users. In January, Ross Ulbricht and his lawyers signed a court order that allowed the USMS to sell Bitcoins belonging to Silk Road and all property traceable from said crime, "including but....