Tag: bitcoin auction

Daily Bitcoin Auction At Gemini Sees Volume Drop-off As Price Increases

Ever since the Gemini Bitcoin exchange launched their daily Bitcoin auction, there has been significant media coverage about this feature. But it looks like the majority of traders is already cooling off on the project, as the auction quantities continue to drop. The peak was reached on the third day, although we are looking at less than 800 Bitcoin changing hands yesterday. Gemini Bitcoin Auction Running Out of Steam? There …
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The US Marshal Service will likely hold another Bitcoin auction in 2015

The US Marshals Service, also known as the USMS auctioned off a large part of the Bitcoins confiscated from the Silk Road CEO, Ross Ulbricht a while ago. However, they have just revealed that they are likely to auction off the remaining Bitcoins in the following months, prior to the end of 2015. Not many people are aware of this, but during the Silk Road investigation, the USMS seized over …
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Tim Draper wins the Bitcoin auction

The winner Tim Draper – A venture capitalist was the sole winning bidder of the USMS bitcoin auction which featured nearly 30,000 bitcoins. Mr Draper was the auction winner and he teamed up with the Bitcoin exchange Vaurum to help provide liquidity to the emerging market. Avish Bhama, the co-founder of Vaurum said: Vaurum has launched trading platforms in emerging markets, and we will be partnering with Tim to leverage …
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