31 May '16, 6am

Australia To Sell Convict's £9m Bitcoin Haul: More than 24,500 bitcoins, reportedly seized from a drug dealer...

Australia To Sell Convict's £9m Bitcoin Haul: More than 24,500 bitcoins, reportedly seized from a drug dealer...

Nearly 25,000 bitcoins confiscated by Australian police as proceeds of crime are going to be sold at an auction in Sydney, officials have confirmed. The cryptocurrency stash, worth an estimated £9m, will mostly be sold in lots of 2,000 - and investors from as far afield as Europe and the US have expressed interest in the sealed auction. Accountancy firm Ernst & Young is overseeing the sale, which begins on 20 June. This is only the second such bitcoin auction to take place worldwide. From 2013 to 2015, the US Marshals Service sold 144,000 bitcoins which had been confiscated from Ross Ulbricht, who notoriously founded the online drug marketplace Silk Road. Those sell-offs helped to reduce volatility in the digital currency's value, and it is believed that rising prices in recent months will also result in greater interest. Ross Ulbricht is serving a life sentence for his in...

Full article: http://news.sky.com/story/1704497/australia-to-sell-convi...

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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...

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: A coll...

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

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