Blog Archives

U.S. court issues restraining order halting auction

Posted on 24th July, 2014

The much-anticipated auction of branding-friendly domain was stopped yesterday when the U.S. District Court of Seattle issued a restraining order preventing the sale. Owned by Mt.Gox parent company Tibanne K.K., was expected to sell for around $1 million, with at least half of the proceeds going to Mt.Gox creditors. The injunction was issued […]

With less than 9 hours left, pre-auction has yet to break reserve price

Posted on 23rd July, 2014

There are few domain names in the cryptocurrency world more promising for an SEO-savvy marketer than Currently owned by Mt.Gox parent company Tibanne, has the potential to be a flagship site in the digital currency community. When it was announced earlier this month that the domain would be auctioned off, many analysts predicted […]

Venture capitalist Tim Draper revealed as winner of Silk Road auction

Posted on 2nd July, 2014

Earlier today, venture capitalist and angel investor Tim Draper announced that he was the sole winner of the nearly 30,000 BTC auction of bitcoins seized from the Silk Road. Draper’s firm, Draper Fisher Jurvetson, is extremely well known in investment circles, backing high-profile projects like Skype, Hotmail and Tesla Motors long before they were known […]

Single bidder wins all 29,656 BTC in Silk Road auction

Posted on 1st July, 2014

In a brief email sent to media outlets and interested parties, the U.S. Marshal Service announced this afternoon that all 29,656 bitcoin being auctioned off had been awarded to a single buyer. “The US Marshals Bitcoin auction resulted in one winning bidder. The transfer of the bitcoins to the winner was completed today.” Neither the […]

Report: Update from U.S. Marshals Service about Silk Road auction bidders

Posted on 30th June, 2014

Representatives from the U.S. Marshals Service confirmed new details about the auction to CoinDesk, adding fuel to the fire of speculation about the results. The agency said that a total of 45 registered bidders participated in the auction, and that 63 bids were placed on the nearly 30,000 BTC seized from the Silk Road black […]

Bitcoin market holds breath for news about Silk Road auction

Posted on 30th June, 2014

Over the weekend, speculation has been rampant about the results of the U.S. Marshal Service’s auction of nearly 30,000 bitcoin. Theories about the price point of each 3,000 BTC block, the intentions and identities of the bidder and the ultimate impact of the sale have flooded Twitter, Reddit, Bitcoin Talk and other popular bitcoin-discussion havens. […]

Prices recover as U.S. Marshals’ Silk Road auction begins

Posted on 27th June, 2014

For the last two weeks, the bitcoin community has been abuzz about the auction of nearly 30,000 BTC by the U.S. Marshal Service. The bitcoin, seized last October from the now-defunct Silk Road marketplace, is being offered in 10 blocks. The “Dutch”-style auction is built around sealed-envelope system, removing most of the human drama from […]

Report: Leaked U.S. Marshals list may reveal Silk Road bitcoin bidders

Posted on 18th June, 2014

Last week, the U.S. Marshals Service (USMS) announced the auction of roughly 30,000 bitcoin seized from the Silk Road online marketplace. With a deposit of $200,000 required to bid, the auction was effectively open only to institutional-level buyers. Given the closed-envelope nature of the auction itself, the odds of finding the names of the bidders […]

Bitcoin price tanks as U.S. government announces auction of 30K BTC from Silk Road

Posted on 13th June, 2014

The U.S. Marshal service announced today that it will be auctioning off nearly 30,000 BTC seized from Silk Road accounts last year. Worth more than $17.5 million, the bitcoin will likely sell for a considerable discount from the market value. Interested parties must commit a refundable deposit of $200,000 from a U.S. bank by June […]