Home From the Wires Winner of Bitcoin auction wants to expand currency use

Winner of Bitcoin auction wants to expand currency use

| Print |  Email
Thursday, July 03, 2014

NYT: Tim Draper, who won the government auction of nearly 30,000 Bitcoins, intends to make the coins available for use in emerging markets.

The United States Marshals Service, which organized the auction of the coins seized from the now-defunct market Silk Road, confirmed on Wednesday that Mr. Draper won the auction. The Marshals Service announced on Tuesday that one bidder had won all the coins, but it did not identify the winner or disclose the winning bid.

Avish Bhama, the co-founder and chief executive of Vaurum, said the goal was not to dump the 30,000 coins on the open market. Rather, he said that he and Mr. Draper hoped to expand Bitcoin’s use in areas of the world where access to the currency is difficult, including India, South America and parts of Asia.

Read more here.

 

More Articles

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

The Rail Baron

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Oil is gushing out of the U.S. and Canada, and much of it is coming from places that don’t have pipeline infrastructure. So it’s being shipped by rail.


Read more...

Gender Code

September 2014
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD

Janice Levenhagen-Seeley reprograms tech.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS