Xbt.com domain name is on sale for 200 BTC

XBT, the abbreviation widely associated with Bitcoin, is the name of domain which will be on sale from Jan 5 to Feb 4 of 2018, with the desirable price of 200 BTC to be sold for
12 January 2018   763

XBT Holding SA, a privately-owned global hosting, network solutions and web development provider founded in 2005, with offices in eight countries, has placed domain Xbt.com up for auction. The holders of the website are looking for 200 BTC for the domain, the abbreviation of which is used by many financial services in association with Bitcoin.

XBT.com domain auctionXBT.com domain current auction bids

Auction terms:

  • Bidder Registration Opens: 11:00 am ET on Friday, January 5, 2018
  • Deadline: 11:00 am ET on Sunday, February 4, 2018

In order to take part in an auction, the users should provide all information and successfully complete the registration through XBT web-portal, provide the copy of a Government-issued photo ID for the Bidder or incorporation documents of any legal entity, upon the written request of XBT, send a 10,000 deposit in US Dollars sent by wire transfer or 0.5 Bitcoin paid to XBT Bitcoin wallet account, and provide a copy of the wire transmittal receipt or the Bitcoin transfer confirmation, upon the written request of XBT.

If two bids are 200.5 Bitcoins and 300 Bitcoins, the one who bet 300 bitcoins wins but pays only 200.6 bitcoins or the reserve price – whichever is higher.

Auction terms

The auction is stated to be considered successful only if a reserve price is reached by the highest bid, if not the auction terminates without any winner.

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   90

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.