30 May '16, 6am

Bitcoin’s dollar value spikes after auction announced https://t.co/e9fboIVb4R

The value of the world’s most popular digital currency rose to as high as $549.49 on Monday as it was announced that a large batch of confiscated bitcoin would go on auction in June. The Australian arm of EY, the auditing and financial services firm, announced this morning that its transactions partner Adam Nikitins had been engaged by an undisclosed client to sell 24,518 bitcoin (around $12.955m) that had been “confiscated as proceeds of crime”. The auction, scheduled for June 20-21, is the second of its kind after sales by the US Marshals Service of the digital currency confiscated in the course of closing the black market online sales platform Silk Road. Mr Nikitins said he expected interest from digital asset investment managers, digital currency exchanges, and investment banks and hedge funds. “With each lot of Bitcoin currently valued at more than AUD$1m, we are targ...

Full article: http://essentialsecho.com/bitcoins-dollar-value-spikes-af...

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Bitcoin’s dollar value spikes after auction ann...

essentialsecho.com 30 May '16, 6am

The value of the world’s most popular digital currency rose to as high as $549.49 on Monday as it was announced that a lar...

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