Australia is auctioning maxi amount of Bitcoins

9 years ago - Published in Finance, Fintech Land, Fundamental Analysis

Australia has put on sale about $ 13 million in Bitcoin, confiscated by the Australian authorities. It is 25,000 pieces (24,518) seized from a drug dealer, who was arrested in 2014. The virtual currency amount will be divided into 11 lots from 2,000 coins and a lot of 2,518.

The transaction, announced from the house of Ernst & Young auction will be held June 20 and occurs while the value of Bitcoin has recorded strong appreciation in recent months.

The auction of June following the one conducted by the US Marshals Service, last year, which put on sale the Bitcoin confiscated Ross Ulbricht, who was arrested in 2013 for money laundering. The man would use the Bitcoin to create an empire from drug sales.

Bitcoin is an exclusively electronic money (not paper), which debuted in 2009 and was created a year ago by an anonymous author, known by the pseudonym Satoshi Nakamoto. Its use is identical to that of the electronic money, there is an own-account portfolio and the ability to make and receive payments.