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Australia to sell £8m of seized bitcoins

May 31st, 2016 by Mark Daly in Industry News No Comments »
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A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June. The 24,518 bitcoins will be sold mostly in blocks of 2,000 – each with a market value of about £680,000. Ernst & Young, the firm organising the auction, said the bitcoins had been “confiscated […]

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