Topic: Feds to sell $28 million in seized Bitcoins (Read 490 times)
Feds to sell $28 million in seized Bitcoins
The U.S. government announced plans to sell a whopping $28 million worth of bitcoins, the volatile digital currency that’s taking the Internet by storm.
Bitcoins are a form of currency, like the U.S. dollar, the British pound or the Indian Rupee. But Bitcoins aren’t tied to any country or even to physical paper or coins at all. Instead, computers “mint” them according to complex algorithms, adding a new coin to a database at a slow but steady rate.
http://www.foxnews.com/tech/2014/01/17/feds-to-sell-28-million-in-seized-bitcoins/
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