A Bitcoin Auction to Be Conducted by US Marshals Service
There is an auction of approximately 2,170 Bitcoins announced by the US Marshals Service that were seized in the course of different federal criminal, civil and administrative cases, as stated by a press release on the 5th of March.
The date for the auction as informed will take place on March 19, 2018, from 8 a.m to 2 p.m.EDT. The bidders interested in participating in the auction will have to go through a registration process, along with a deposit of $200,000 which must be filled by noon EDT March 14.
The bitcoins will be divided and offered in 14 different blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block of approximately 70 BTC. A private notification will be sent to the winning bidders on the same day as the auction.
The US Marshals Service has posted on their website a list of the range of cases from which the bitcoins are seized in the form of an official notice. Shaun Bridges, one among the record, was convicted of stealing $800,000 in bitcoins in 2015.
The US Marshals Service has previously conducted auctions of bitcoins that were seized in the course of civil and criminal proceedings. The agency sold 3,813 BTC on January 22, 2018, a sum worth over $40 mln according to that particular day’s exchange rate.
The previous auction was conducted in August 2016 where 2,700 BTC were sold. Estimated market value at the time was nearly $1.6 mln.
Coindelite is the most delightful media channel to get you the Latest Bitcoin News, Cryptocurrency News, and ICO Press Releases. Check updated ICO list, Live Cryptocurrency price charts, information Cryptocurrencies and real-time market data. It is the only web platform that includes information regarding live cryptocurrency price charts, Bitcoin price trends, favourability and unfavorability of a trade, Complete list of ICOs, their scopes and functions, Rates of various cryptocurrencies according to distinguished crypto-exchange platforms, Real-time Market Data, Worldwide press releases, Bitcoin and other cryptocurrencies’ news, Blockchain and ICO Events, leading cryptocurrencies’ lists, and list of Top ICOs (Initial Coin Offerings), etc
The best thing about the Coindelite platform is that all the data is getting updated on a near real-time basis. It avails you with latest and brand new trends, trades, and issues regarding the Crypto-world. Subscriber users stay tuned to real-time cryptocurrency price charts, along with the upcoming cryptocurrencies, ICOs (Initial Coin Offerings) and the latest news related to Bitcoin or other altcoins. All of the most recent market prices, reviews, news regarding the cryptocurrency world is being presented in a user-friendly manner.
