Tim Draper, Venture Capitalist, Wins Government Bitcoin Auction

By Ugene CheungNews

Finally the winner has been revealed. Tim Draper, a Silicon Valley venture capitalist, was the sole winner of the US Marshal Bitcoin auction. Mr. Draper purchased all 30,000 BTC, outbidding many other participants in the auction such as Barry Silbert’s SecondMarket. Draper is an investor in Vaurum, an exchange platform for financial institutions. In a statement,…

July 2, 2014

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Fed Actions Confirm Legality of Bitcoin Sale; Key States Remain on the Fence

By Ugene CheungNews

This is a guest post by Daniel Friedberg of Riddell Williams. Actions Speak Louder than Words; Feds Agree to Auction Bitcoin Bitcoins seized in connection with drug trafficking were auctioned off by authorities on June 27. The auction took place on June 27 from 6:00 a.m. to 6:00 p.m. EDT. The property was sold in nine blocks of 3,000…

July 2, 2014

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