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Last week, Madeira Beach passed a resolution to become a “Bitcoin Beach,” making the Florida city the first municipality in the world to officially embrace Bitcoin, said BitPay in a press release issued Monday. The company said Madeira Beach’s resolution comes ahead of the...

On Thursday, the US Marshals Service (USMS) held its second auction of Bitcoins seized from Silk Road where 50,000 BTC were up for grabs. Investor Tim Draper, who bid on behalf of Draper Associates, bid successfully for 2,000 Bitcoins, according to statement emailed to Bloomberg....