USA Update US Marshals Service to auction 'Silk Road' bitcoin valued at $17 million

The massive US public auction of bitcoins – a first for the US government – had little effect on the price of bitcoin, which plunged after China's central bank refused to recognize the virtual online currency in December.

By , Staff writer

Jim Urquhart/Reuters/File

The price of bitcoin took a slight tumble Thursday and Friday after the federal government announced it will auction off nearly 30,000 bitcoins later this month.