The United States Marshals recently revealed its plans to auction Bitcoin (BTC) worth about $4.3 million in November. The government agency made this announcement on the 17th of October. According to the announcement, the sealed bid auction is for nearly 660 Bitcoin (BTC). They said the Bitcoins to be auction were forfeited over the years in federal criminal, administrative, and civil cases.
How to Be Part of the Auction
To be part of the auction, you have to register your identification with the government agency. This has to be done on or before the 31st of October. After that, you will be required to make a deposit of $200,000. The bidding is scheduled to start on the 5th of November.
There are six blocks involved in the bidding, according to the announcement. Each block holds 100 Bitcoins. The last block holds 60 Bitcoins. The US Marshals said that auction-goers won’t be able to see the bids of other bidders. Once a bid is submitted, bidders can no longer modify that bid.
The auction includes other assets, however, the most notable one is Bitcoin (BTC). The agency said the Bitcoins to be auction are those forfeited in a series of cases. Cases such as the lawsuits of the US government against Bitcoin (BTC) traders Thomas Mario Costanzo and Theresa Tetley. They were both charged with Bitcoin (BTC) money laundering and sentenced to jail.
According to reports, at least 120 BTC was seized from both of them by the US government. 80 Bitcoins were seized from Thomas Mario Costanzo. 40 Bitcoins were seized from Theresa Tetley. However, the US Marshals did not disclose if it will be auctioning all of the seized bitcoins or a fraction of it.
This is will be the third major Bitcoin (BTC) auction by the US Marshals this year. Back in January, the US Marshals sold 3,600 Bitcoins. In March, they sold another 2,100 Bitcoins. The total auction was about $50 million at the time of the auction.
Norwegian Man Stabbed to Death after Completing an In-Person Bitcoin (BTC) Trade
On Monday morning, a 24-year-old Norwegian man was brutally murdered in his apartment in Majorsteun. The man was murdered not long after he completed an in-person Bitcoin (BTC) trade. Investigators believe that the man’s death is linked with the Bitcoin (BTC) trade. One of his roommates saw the crime scene and contacted the authorities.
According to TV 2 – Norwegian news organization – the victim just completed a BTC trade just before the tragic incident occurred. They also said that other in the vicinity are aware of his digital currency dealings. At the moment, the police don’t have any suspect. They have also not made any arrests. However, they are still carrying out further investigations.
Bitcoin (BTC) Price Today – BTC / USD [ccpw id=”8759″]
At the time of writing, Bitcoin (BTC) is trading at $6,541 after a decrease of less than one percent over the past twenty-four hours. Bitcoin (BTC) currently has a market cap of $113.35 billion and its trading volume over the past twenty-four hours is $4.02 billion.