US Marshals to Sell $1.6 Million in Bitcoin at Auction
The US Marshals Service (USMS) is set to auction off 2,700 BTC worth just over $1.6m next month. The agency said in a statement today that the bitcoins being sold are connected to a number of criminal and civil cases that have been pursued by the US government in recent years. These include bitcoins from cases involving former federal agent Carl Force IV and convicted Silk Road administrator Ross Ulbricht, as well as bitcoins confiscated by the US Department of Homeland Security; the Bureau of Alcohol, Firearms and Tobacco; and the Internal Revenue Service. The auction will consist of one....
Related News
More than 40 hours after the close of the US Marshals Bitcoin auction, the value of 1 BTC against the US dollar has held almost perfectly stable. At the start of Friday’s auction at 6:00 AM EDT, 1 BTC was worth US$590 according to our price tracker. As of 2:00 PM EDT, 1 BTC was worth US$596. Some feared that the auction of more than US$17 million worth of bitcoins would cause a panic sell and possibly send the value of the cryptocurrency tumbling. Instead, a slight uptick was the result. The auction Friday was held by the US Marshals Service, which held about 30,000 bitcoins as a result of....
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....
Some pretty big news coming from the SecondMarket/Bitcoin Investment Trust today. Company head honcho Barry Silbert took to Twitter on Saturday to announce that he's planning to form a syndicate to bid on a huge sum of bitcoins up for auction by the U. S. Marshals service. 1/Announcement: @BitcoinTrust and SecondMarket's bitcoin trading desk will be forming a syndicate to bid in US Marshals bitcoin auction... - Barry Silbert (@barrysilbert) June 14, 2014. The announcement comes following this week's headlines that the United States Marshals service is planning to auction off over 29,000....
Earlier today, users in the Reddit community began noticing that very rich wallet that holds the bitcoins that once belonged to Silk Road have moved to another wallet address [link]. The move has undoubtedly raised many questions - with over $17.4 million being moved like nothing. As it were, the coins are being prepped for an auction held by the United States Marshals Service, according to this page posted up today. "FOR SALE," reads the offer. "29,656.51306529 bitcoins". THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL BUT INVITES INTERESTED PARTIES TO SUBMIT A BID FOR PURCHASE. THE....
According to several reports, the U.S. government has announced another Bitcoin auction on August 22, selling 2,719 BTC — worth $1.6 million USD at press time — confiscated by authorities. This will be the latest auction of cryptocurrency since the last U.S. Marshals (USMS) sale last year. Multiple Forfeiture Cases Allows USMS to Hold Another Bitcoin....