U.S. Government Begins First Ever Bitcoin Auction

As reported in our earlier post, the U.S. Government has begun its first ever auction of Bitcoins. The Bitcoins to be auctioned were seized in connection with the shutdown of the Silk Road - the "dark net" site that served as a marketplace for illegal goods. The U.S. Marshals Service has announced that 29,656.51306529 bitcoins will be auctioned in this initial round. The reported value of the Bitcoins to be auctioned, at the time of the announcement, is approximately $18 million U.S. Dollars.

 

Topics:  Auction, Bitcoins, Silk Road, US Marshalls Service

Published In: Finance & Banking Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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