Bitcoin prices tumble; government to auction off Silk Road stash


The U.S. Marshals Service says it will auction off 29K+ Bitcoins (BITCN, BTCS) seized during its investigation of drug marketplace Silk Road. (auction details).

Bitcoin prices, above $625 yesterday, have fallen allmost to $550. The Silk Road stash has a current value of ~$16M.

Meanwhile, popular Bitcoin wallet/exchange Coinbase says it plans to offer merchant clients an automated means of giving discounts to shoppers who pay in Bitcoin.

After handling their first $1M in Bitcoin transactions for free, Coinbase charges clients a 1% fee - easily below the 2%-4% fees typically charged by credit-card processors.

Yesterday: Expedia joins Bitcoin bandwagon

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Comments (1)
  • King Rat
    , contributor
    Comments (1610) | Send Message
     
    When you buy Bitcoin, you are buying a piece of history... in that ironic sort of way.
    12 Jun 2014, 11:10 PM Reply Like
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