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Posts Tagged ‘Bitcoin price’

US Marshals to Auction Another 50000 Bitcoin

18, Feb 2015

usms-50k-bitcoins-auction

The USMS has announced that they are going to be holding another auction for 50000 more Bitcoins from the BTC seized as a part of the Silk Road bust. The auction will be held on March 5th, but the bidders that are interested to participate in the BTC auction need to register not later than March 2nd. This will be the third and most likely not the last auction that the US Marshals Service will for confiscated Bitcoins associated with the Silk Road case now that Ross Ulbricht has been found guilty as the operator of the Silk Road black market. It will be interesting to see what will be the interest this time and to see what will be the price of the winning big now that the Bitcoin exchange rate is not that high, especially compared to the first auction where the price per BTC was probably in the 700 USD range.

– For additional details and requirements to participate in the new BTC auction by USMS…

The US Marshals Service to Auction 50000 More Confiscated Bitcoins

17, Nov 2014

usms-50k-bitcoins-auction

The U.S. Marshals Service (USMS) has announced that they will be holding another auction for 50000 more Bitcoins that have being seized from Ross Ulbricht accused of being the Silk Road black market operator. This is the second auction of confiscated Bitcoins from Silk ROad after earlier this year USMS held an auction for about 30000 BTC. Last time the news about the auction have caused a sudden drop in the Bitcoin price and we are probably also going to see similar situation this time. However this time things will probably remain calmer, especially considering the fact that the price of Bitcoin is currently lower and people should not be so worried like the first time.

Interested parties must register for the auction between November 17th and December 1st and the auction itself will take place on December 4th with the winner of the auction to be announces by USMS on December 5, by 5:00pm EST. It will be interesting to see if Tim Draper who won the previous auction for all of the coins offered will be participating this time as well and if he will be ne winner again with the highest bid.

– For more information about the second Bitcoin auction from US Marshal Service…

Bitcoin Price Below $300 USD and Litecoin Under $3.5 USD

5, Oct 2014

current-crypto-prices

The last two days we are seeing another serious drop of the price for both BTC and LTC and there is a lot of speculation going on for the reason why and what is causing this and looking at the prices of other crypto currencies you can see the same trend as well, most are going down in price. The big question however is if this is just a temporary dump caused by big whales that just want to drive the prices low so that they can buy cheaper coins and then cause the price to spike back to their previous levels. Miners are also having a hard time in deciding if they should keep mining with prices like that, especially if they are selling the mined coins immediately trying to get a faster ROI on their ASIC or GPU purchases. Investments in new mining hardware or cloud mining hashrate with the current prices are also considered very risky, so people are holding on. People that have pre-ordered mining hardware and are still waiting for it to arrive such as ASIC miners from KnCMiner or Alpha Technology and others are not happy at all. So the best thing you can do now is probably not to panic and just wait for things to calm down and see what happens, or is it…


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