Tag: auction

US Marshals Will Auction off Over 4,000 Bitcoin on February 18

Over the past few years, law enforcement agencies have confiscated thousands of bitcoins. In every case, these proceeds are auctioned off to the highest bidder. It has been a while since such an auction took place in the United States. A Major Bitcoin Auction is Coming up For those interested in some cheaper BTC, one such auction is coming up soon. Over 4,000 BTC will be up for grabs on …
[Read More]

UK’s First Seized Bitcoin Auction Notes Major Global Interest

When law enforcement agencies target online criminals, there is usually a link to Bitcoin. In several cases, these agencies effectively manage to gain control over criminals’ Bitcoin holdings. Those funds are usually auctioned off to the highest bidder. In the UK, the first such auction took place this week. An intriguing development, primarily because other currencies were part of the deal as well. The TalkTalk Incident Several cyber-attacks plague society …
[Read More]

Gaining Control of Auction Bidding Through the Blockchain

The auction marketplace can be dangerous for consumers, no matter how savvy they are. With all of the complex analysis that must be accounted for when bids are placed, auction firms are being forced to seek new ways to properly protect and care for clientele. The main issues are the sensitivity of timing digital bids compared with physical bids and the substantial barrier to entry for consumers who are wishing …
[Read More]

Gemini’s First Ethereum Auction Draws Virtually No Interest

Most cryptocurrency enthusiasts will no doubt be familiar with the Gemini exchange. The platform is owned by the Winklevoss twins and has attracted a lot of attention from institutional investors over the past few months. The exchange is especially known for its daily Bitcoin auctions. Last night, the company also started providing Ethereum auctions. As it happened, the first one performed abysmally. First ETH/USD Auction on Gemini is Disappointing These are very troubled times for Ethereum as …
[Read More]