US Marshals will auction off another lot of 50,000 bitcoins
The US Marshals will auction off 50,000 bitcoins that were seized from Silk Road.
The US Marshals plan to auction another lot of 50,000 bitcoins, worth around $19 million, which were seized when the federal government shuttered the original Silk Road. The second auction is scheduled to run for two weeks, and a winner will be announced on Dec. 5. The second auction takes place five months after a lot of 30,000 bitcoins were sold off by the US Marshals.
The first auction was won by venture capitalist Tim Draper, and the value of bitcoins have dropped from $647 down to $384 - but should still draw fierce competition from bidders able to pay the required $100,000 deposit to the US Marshals.
NEWS SOURCES:dealbook.nytimes.com, thenypost.files.wordpress.com
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