Australia to sell £9m seized bitcoin haul - BT

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In late 2012, Richard Pollard from Warrandyte, Victoria, Australia, was arrested on charges of commercial trafficking in narcotics via Silk Road. He received an eleven-year sentence last October, and now that his conviction is finalized, Australian authorities have had to decide what to do with the roughly $7 million US dollars’ worth of Bitcoins Pollard had been holding at the time of his ... Richard Pollard, 32, was sentenced in the Melbourne County Court in October to 11 years in prison after pleading guilty to drug trafficking on the Silk Road website. “The value of Bitcoin increased significantly over the past month, however bidding remained strong.” E&Y declined to disclose the price paid by bidders, the number of bidders involved or the ... Based on Tuesday's bitcoin price of $533.80, the cryptocurrency is valued at almost $13.1 million. Nikitins expects strong interest in the auction since the bitcoin price has become less volatile ... However, the wallet Australian authorities confiscated most likely came from a Silk Road vendor named Richard Pollard from Melbourne, Victoria. Police raided two of Pollard’s homes in late 2012 ...

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The WORST price prediction in Bitcoin history!

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