The US Marshals Service is getting ready to auction 50,000 Bitcoins worth about $18.5 million, in the biggest auction of Bitcoin in its history, as it tries to sell the virtual currency following the closure of the illegal Silk Road marketplace in 2013.
Bids are accepted online from 8 am to 2 pm in New York ITI and the winner, or winners, will be told on December 5, according the US Marshals Service.
The 50,000 inventory has been split into several lots: 10 lots of 2,000 Bitcoin and 10 blocks of 3,000 Bitcoin.
Thursday’s sale comes after the US government auctioned almost 30,000 Bitcoins in June. After flogging the 50,000, the US Marshals Service will still have more than 94,000 Bitcoins worth about $35 million.
Read the Full Article: Source – Russia Today
http://rt.com/usa/211543-bitcoin-auction-silk-road/
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