UK police just sold criminally-seized Bitcoin for above market rates

UK police raised £300,000 ($369,000) through the auction of criminally-seized Bitcoin and other cryptocurrency this week, achieving over market value. The sales, a first for UK police, occurred across two unreserved auctions that were finalized on September 26 via Irish firm Wilsons Auctions. In total, 62 lots of cryptocurrency were sold, which included Bitcoin, Ethereum, Ripple, and Bitcoin Satoshi Vision. Data shared with Hard Fork reports Wilsons Auctions fielded 7,500 bids from across the world, including Brazil, Australia, Dubai, Canada, Singapore, and the USA. On average, 1 BTC sold for £6,798.80 ($8,365), 0.5 BTC for £3,443.68 ($4,236), and 0.25 BTC for £1,972.74 ($2,426). The…

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