30 Jun '14, 10pm

Bitcoin price jumps six percent as US Marshals’ auction comes to a close

Bitcoin price jumps six percent as US Marshals’ auction comes to a close

It’s after 5 p.m. ET in New York, which means winners of the auction of seized Silk Road bitcoins conducted by the U.S. Marshals Service are starting to be notified. There were nine blocks of 3,000 bitcoins up for grabs as well as one block of 2,656.51306529. The bitcoin total, 29,656.51306529 coins, is worth about $18.9 million at the current exchange rate. The price paid for the coins, as well as the winning bidders, is still unknown. A spokesperson for the Marshals Office said that it would not be releasing any details of the auction today and remained vague about what and when it would say in the future. So far, a few people have come forward to say that they lost, including Barry Silbert’s Bitcoin Investment Trust syndicate. Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks— Barry S...

Full article: http://gigaom.com/2014/06/30/bitcoin-price-jumps-six-perc...

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