26 Jun '14, 7pm

How the US Government’s Sale of 30,000 BTC Could Impact Bitcoin Prices: On Friday, 27th June, the US governmen...

How the US Government’s Sale of 30,000 BTC Could Impact Bitcoin Prices: On Friday, 27th June, the US governmen...

On Friday, 27th June, the US government is set to auction off 10 blocks of bitcoin, equaling the roughly 30,000 BTC confiscated during the shutdown of infamous online black market Silk Road. Once complete, winners will get a bill of sale from the government, and the coins will then be transferred from government ownership to private parties. Those final movements will be seen on the block chain. However, exactly how much information will eventually be made available about the auction and its winners through official channels is still unclear. Speaking to CoinDesk, a representative from the US Marshals Service (USMS), the federal agency charged with carrying out the sale of the assets, indicates that it is not certain whether the organisation will issue any information about the winners. Should such a statement be made by the USMS, the representative suggested, it would not...

Full article: http://www.coindesk.com/us-governments-sale-30000-btc-imp...

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