Bitcoins worth US$11.5mil go under the hammer


SYDNEY: Around A$16mil (US$11.49mil) worth of confiscated bitcoins will be auctioned here next month, the first such auction outside the United States, as demand for the digital currency surged to its highest in nearly two years.

The sale will take place on June 20-21 and involve 24,518 coins, said auction organiser financial services group Ernst and Young yesterday.

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Business , bitcoins , australia

   

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