[2016-08-08] NDTV: US To Auction $1.6-Million Bitcoin From Various Cases

[polynesia]

US To Auction $1.6-Million Bitcoin From Various Cases

http://profit.ndtv.com/news/international-business/article-us-to-auction-1-6-million-bitcoin-from-various-cases-1441805

The US government said on Monday that it plans to auction over 2,700 bitcoin that were forfeited during several cases, including the prosecution of the creator of the online black market known as Silk Road.

The US Marshals Service said that the online auction would be held on August 22, and that potential bidders must register by August 18. The bitcoin are worth about $1.6 million, according to the Bitstamp exchange.

The auction is the latest by the Marshals Service of the digital currency. It completed four prior auctions from June 2014 to November 2015 of bitcoin seized during the prosecution of Ross Ulbricht, who authorities say ran Silk Road.

[polynesia]

Covered by Economic Times as well.

http://cio.economictimes.indiatimes.com/news/internet/us-government-to-put-up-bitcoin-worth-1-6-million-for-auction/53610428