The U.S. Marshals have announced a plan to auction off nearly $4.3 million worth of bitcoin next month. The government agency said in an announcement on Wednesday that the sealed bid auction is for about 660 bitcoin that were forfeited in federal criminal, civil and administrative cases. Scheduled to start on Nov. 5, the auction requires would-be bidders to deposit $200,000 after registering their identification with the agency no later than Oct .31.
The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6.93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors from weaker equities to a vaguer monetary stance by the People Bank of China. Despite the central bank’s efforts to preserve the yuan value by relaxing reserve ratios for banks, the market’s largest stocks fell by over 5 percent.
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