The price of bitcoin has dipped back below $400 following its remarkable surge last week.(IBTimes UK) <\/p>\n
The price of bitcoin has dropped again slightly over the last 24 hours, making last week's surge look increasingly like a spike. <\/p>\n
Most other major cryptocurrencies have seen a similar decline, with litecoin, dogecoin, and namecoin all falling by between 2% and 3%. <\/p>\n
The worst hit of the big players was darkcoin, which fell by around 12% since yesterday. The anonymity-focussed cryptocurrency now has a market cap of less than $12 million having risen to almost $15m last week. <\/p>\n
The US Marshals Service (USMS) is to auction a further 50,000 bitcoins seized from Ross Ulbricht, the alleged creator of the Silk Road online black marketplace. <\/p>\n
It follows a similar auction of 30,000 bitcoins in June, from an estimated pot of 140,000 bitcoins - worth around $54 million at today's prices. <\/p>\n
\"On January 27, 2014, the United States District Court for the District of New York entered a Stipulation and Order for Interlocutory Sale of Bitcoins,\" the USMS announced. <\/p>\n
\"In this order, both the United States and Ross William Ulbricht agreed that 'the United States, in its sole discretion, may sell any portion or all of these bitcoins, on a date or dates and in a manner to be determined by the government.'\" <\/p>\n
The auction will take place on 4 December between 8am and 2pm EST, with any bidders required to register by midday on the 1 December. <\/p>\n
Scotcoin, the unofficial national cryptocurrency of Scotland, has taken a major step forward in its development by migrating to the Counterparty.io solution. <\/p>\n
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Cryptocurrency Round-Up: Silk Road Bitcoin Auction and Scotcoin Migration to Counterparty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The price of bitcoin has dipped back below $400 following its remarkable surge last week.(IBTimes UK) The price of bitcoin has dropped again slightly over the last 24 hours, making last week's surge look increasingly like a spike. Most other major cryptocurrencies have seen a similar decline, with litecoin, dogecoin, and namecoin all falling by between 2% and 3% Continue reading