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TheDomains.com

Second Auction Of Bitcoins Seized from Silk Road Completed

December 5, 2014 by Raymond Hackney

Bitcoins

John Biggs just posted on Tech Crunch that the second auciton of Silk Road Bitcoins. There were 50,000 BTC in this auction.

Current Bitcoin pricing courtesy of CoinDesk.com

$370.81 0.45%
Change
$1.66
Market Cap
$5.033B
Total BTC
13,574,025
Today’s Open
$369.15
Today’s High
$371.35
Today’s Low
$365.54

From Tech Crunch:

The US Marshals Service has completed the second auction of Bitcoin seized from the original Silk Road. The auction, consisting of 50,000 BTC, is the latest in a seized BTC sell-off that began in June.

The USMC reported that 11 registered bidders placed 27 bids for the bitcoin, down from 45 bidders in June. Coindesk attributes the drop to a smaller bidding window – 6 hours versus 12 – and reduced interest by buyers due to the mass availability of larger blocks of Bitcoin.

The price of bitcoin was unaffected by the sale and is now at about $380. In June the price rose briefly by 7% as users watched the first sale with interest.

Filed Under: Bitcoin, Crypto Currency

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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