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JUN 23, 2014 - Business Insider

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The Government Is About To Hold A Gigantic Bitcoin Auction — Here's How To Participate

The U.S. Marshals Service will be auctioning off nearly 30,000 Bitcoins worth $17.5 million on Friday from 6 a.m. to 6 p.m. The coins come from the government's seizure of Silk Road's massive Bitcoin stash, worth more than $80 million.  The announcement of the auction earlier this month sent prices below $600 for the first time in weeks, as the community seems to think they will go for a discount. The assets have been divided into 10 blocks, nine with 3,000 Bitcoins (~$1.8 million each), and one with a single block of 2,656 Bitcoins (~$1.6 million).  If you don't own any ... Read More

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