Posts Tagged ‘Ross William Ulbricht


If you were wondering what caused the latest drop in price of Bitcoin, well it was the US Marshall Service that made an announcement for their intention to be auctioning 29,656.51306529 Bitcoins at the end of the month. These are the BTCs that were seized from Silk Road, though the auction will not include the substantially larger amount of Bitcoins belonging to Ross William Ulbricht, the operator of Silk Road. This news has caused the quick drop in price, but it seems that already things are starting to calm down and the price is slowly starting to get back up.

For more about the Bitcoin auction organized by the US Marshall Service…