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- The US Marshals Service announced Thursday that it plans to auction off approximately 3,813 bitcoins, worth about $53 million, that were seized in “various sovereign criminal, civil, and executive cases.”
- Potential bidders have to register before Jan 19, and will need to put down a cold $200,000 deposition in sequence to participate. The deposition must be in US dollars and eliminated around ACH. The Department of Justice does not seem to accept bitcoin.
- The coins will be auctioned off in blocks of 500, 100, and 813 — definition the smallest volume you could potentially squeeze would be 100 BTC. At Thursday’s prices, that would be roughly $1.409 million, yet it’s not transparent either the supervision auction will fetch prices next or above where the cryptocurrency is trade on other exchanges.
- Since it’s not an open auction and bids are secret, winners will be told on Jan 22, the group says.
- The cost of bitcoin was down roughly 13% last week, as many cryptocurrencies fell following reports South Korea was formulation to moment down on exchanges.