Bitcoin News — Auction

US Marshals Service Announces Auction of 660 BTC

Posted by Samuel Haig on

US Marshals Service Announces Upcoming Auction of 660 BTCThe United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000. Also Read: Trump Tariffs to Impact Chinese Mining Hardware Manufacturers USMS to Auction Forfeited BTC in […]

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US Marshals to Auction $4.3 Million in Bitcoin Next Month

Posted by Wolfie Zhao on

The U.S. Marshals are set to auction off about 660 bitcoin forfeited in federal criminal, civil and administrative cases, worth about $4.3 million.

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Auction House Christie’s Trials Blockchain Data Recording in New Partnership

Posted by William Suberg on

Blockchain is coming to one of the world’s best-known auction houses this month in a trial by Christie’s.

Christie’s, the auction house with a history going back over 250 years, has announced a pilot scheme to use blockchain for auction data.

The result of a partnership with blockchain art startup Artory that was revealed Thursday, Oct. 11, the Christie’s will use the technology to provide details and certificates of purchases to buyers.

The plans, it says, were “timed to coincide” with the upcoming $300 million sale of U.S. modernist art in London and Los Angeles this month.

Explaining the impetus behind the scheme, Christie’s CIO Richard Entrup said it provided a chance for “clients to experience this technology for themselves and to explore the advantages of having a secure encrypted record of information about their purchased artwork.” He added:

“Our pilot collaboration with Artory is a first among the major global auction houses, and reflects growing interest within our industry to explore the benefits of secure digital registry via blockchain technology.”

Blockchain will allow the auctioneer to provide a “permanent digital record of relevant information” about each sale, with the buyer having a registration card to access it.

Artory CEO Nanne Dekking meanwhile said there was a “broader desire within the industry to embrace new technologies.”

The traditional art world has been relatively slow to embrace technological innovation, despite projects such as a pioneering Andy Warhol “cryptocurrency art auction” in June.

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Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

Posted by Jamie Redman on

Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice RollsJust recently news.Bitcoin.com reported on the Chainbet protocol created by the developer Jonald Fyookball, designed to add trustless betting features to the Bitcoin Cash network. Following the launch of this concept, the Openbazaar developer Chris Pacia messed around with the idea and completed the first on-chain atomic bet. Now, this week the Chainbet contributors Fyookball, […]

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South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency

Posted by Kevin Helms on

South Korea Mulls Over How to Cash Out State-Owned CryptocurrencyThe South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is contemplating […]

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