30 May '16, 12pm

Australia to sell £8m of seized Bitcoin: A collection of bitcoins worth about £8m, confiscated by police in A...

A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June. The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a value of about £680,000. Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime" but did not elaborate on the case. One expert said the authorities had chosen a "safe" time to sell. Australian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online. In 2015, Victoria's Asset Confiscation Operations department "confirmed it had recently taken possession of 24,500 coins and would try to make the most of it", according to the Sydney Morning Herald . 'Significant amount' "This is a significant amount of Bitcoin," Dr G...

Full article: http://www.bbc.co.uk/news/technology-36412487#sa-ns_mchan...

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Australia to sell £8m of seized Bitcoin: A coll...

bbc.co.uk 30 May '16, 1pm

A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June...

Australia to sell £8m of seized Bitcoin https:/...

bbc.co.uk 30 May '16, 12pm

A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June...

BBC

bbc.co.uk 30 May '16, 12pm

A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June...

Bitcoin hits 21-month high; Australia to auction $11.5M confiscated bitcoins

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news.sky.com 31 May '16, 6am

Nearly 25,000 bitcoins confiscated by Australian police as proceeds of crime are going to be sold at an auction in Sydney,...

Ernst & Young to Sell $12 Million in Bitcoin at Auction

Ernst & Young to Sell $12 Million in Bitcoin at...

coindesk.com 30 May '16, 6am

Global professional services firm Ernst & Young has announced it will auction off 24,518 BTC (worth $12.9m) originally con...

$13 million in confiscated bitcoin to be auctio...

cnet.com 31 May '16, 5am

If you want to get in on the Bitcoin action (and have the bank to back you up), now's a good opportunity. The Australian p...

$13 million in confiscated bitcoin to be auctio...

cnet.com 31 May '16, 5am

If you want to get in on the Bitcoin action (and have the bank to back you up), now's a good opportunity. The Australian p...

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