TagUS Marshals

$25 Million: US Marshals to Auction 2,170 BTC Later This Month

Bitcoin auction

The US Marshals Service (USMS) has announced that it will auction off nearly $25 million worth of Bitcoin in less than two weeks. On Monday, the agency issued a statement revealing that it will hold a sealed bid auction to dispose of 2,170 BTC -- worth $23.6 million at the present Bitcoin exchange rate -- seized in connection with a variety of criminal, civil, and administrative cases. Notably...

US Marshals Service Will Auction off 3,800 Bitcoins, Worth $54 Million

Bitcoin auction

The US Marshals Service is holding its first bitcoin auction in over a year.  The agency first held a series of auctions in 2014, selling Bitcoin forfeited by Ross Ulbricht in the United States clamp-down on the darkweb drug marketplace the Silk Road. In the last of these auctions, the agency sold 2,700 Bitcoin for $1.6mln (worth about $37.8mln today).  Now, the Marshals Service will be...

Bitcoin Surges as US Marshalls Prepare for Final Silk Road Bitcoin Auction

As Bitcoin makes its biggest gains in two years, the US Marshall Service prepares its final auction of bitcoins seized during the Silk Road investigation from Ross Ulbricht. Bitcoin has been consolidating since 2013, as headlines like the collapse of Mt. Gox and the Silk Road have colored people’s view of the cryptocurrency. Over the past seven weeks, Bitcoin has sustained its longest run since...

US Marshals Conclude Online Bitcoin Auction of Ross Ulbricht's Bitcoins

Ross Ulbricht clearly loves history. This is evident from the pseudonym that he chose for his online activity, and even the name he chose for the domain name. The pseudonym he chose was Dread Pirate Roberts, and he named his site the Silk Road though in my view Seven Seas would have been apter. Dread Pirate Roberts – The Legend Continues Here are a quick lit and history lesson. Dread Pirate...

US Marshals to Auction 50 000 Bitcoins: Who Will Buy Ross Ulbricht's Bitcoins This Time?

Last July and December, Tim Draper played a big role in scooping up the orphaned Bitcoins of Ross Ulbricht. In the first auction, he bought nearly 30,000, but in the second he was only able to acquire 2,000. Since then, the market price of a Bitcoin has dropped roughly another $100, and this could have a stinging effect on actual interest in the March 5th auction of another 50,000 of the...

Updated: Silk Road Bitcoin Auction Winners And Losers Slowly Revealing Themselves

Update (12:00 PM CST): USMS has confirmed with CoinDesk and CoinFire that they will release an announcement this afternoon. No further details were furnished. Update (4:00 PM CST): The USMS has reported that 1 anonymous bidder outbid all other 44 bidders for all of the auctioned Bitcoin. The winning bid is still undisclosed. At this point, it seems that the single winner probably has incentive to...