US Government to Auction off $1.6 Million Bitcoins

The U.S. Marshals Service (USMS) announced today that they will be auctioning off $ 1.6 million worth of bitcoins later this month. The more than 2,700 bitcoins were forfeited from various cases including that of the notorious online black market, Silk Road, which was shut down by the FBI in 2013. In an announcement released today […]

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$22 million worth of Bitcoin sold in Australian-first auction

Ernst & Young revealed today that it has successfully auctioned off 24,518 bitcoins worth around A$ 22 million ($ 16 million) as part of a scheduled auction after the Australian government confiscated the bitcoins from a Silk Road user. Financial services firm Ernst & Young oversaw the closed international auction, which was open to bidders from 20 […]

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