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TheDomains.com

Second Auction Of Bitcoins Seized from Silk Road Completed

December 5, 2014 by Raymond Hackney Leave a Comment

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.

« Mauritian Government Not Paying The Bills on Gov.mu and domain is going to be auctioned off
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