US begins 'unprecedented' auction of Silk Road bitcoins
Washington (AFP) June 27, 2014 - The bitcoin world kicked into high gear Friday as the US government began auctioning some of the virtual currency seized in an FBI investigation of dark Web bazaar Silk Road. The US Marshals Service auction was taking place until 2200 GMT for 29,000 bitcoins - about $17 million at current rates, although bitcoin values have been highly volatile. Bidders had to register last week with a ... more
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