{"id":198,"date":"2014-07-02T17:44:00","date_gmt":"2014-07-02T17:44:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/tim-draper-wins-bitcoin-auction\/"},"modified":"2014-07-02T17:44:00","modified_gmt":"2014-07-02T17:44:00","slug":"tim-draper-wins-bitcoin-auction","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html","title":{"rendered":"Tim Draper, venture capitalist, wins government Bitcoin auction"},"content":{"rendered":"<p>(<a href=\"http:\/\/onbitcoin.com\/2014\/07\/02\/tim-draper-venture-capitalist-wins-government-bitcoin-auction\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=tim-draper-venture-capitalist-wins-government-bitcoin-auction\">OnBitcoin<\/a>) <a href=\"http:\/\/en.wikipedia.org\/wiki\/Timothy_C._Draper\" target=\"_blank\">Tim Draper<\/a>,<br \/>\n a Silicon Valley venture capitalist, was the sole winner of the US<br \/>\nMarshal&nbsp;<a href=\"https:\/\/holytransaction.com\/page\/what-is-bitcoin\">Bitcoin<\/a> auction. Mr. Draper purchased all 30,000 BTC, outbidding<br \/>\n many other participants in the auction such as Barry Silbert\u2019s<br \/>\nSecondMarket.<\/p>\n<p>Draper is an investor in <a href=\"https:\/\/vaurum.com\/\" target=\"_blank\">Vaurum<\/a>, an exchange platform for financial institutions.<\/p>\n<div style=\"text-align: center;\">\n<a href=\"http:\/\/d1uiva7rkkyvvt.cloudfront.net\/wp-content\/uploads\/2014\/07\/Tim-Draper.jpg\"><img loading=\"lazy\" decoding=\"async\" alt=\"Tim Draper\" class=\"alignnone size-medium wp-image-1611\" data-lazy-loaded=\"true\" src=\"http:\/\/d1uiva7rkkyvvt.cloudfront.net\/wp-content\/uploads\/2014\/07\/Tim-Draper-400x500.jpg\" height=\"500\" style=\"display: inline;\" width=\"400\" \/>&nbsp;<\/a><\/div>\n<div style=\"text-align: center;\">\n<\/div>\n<p>In a <a href=\"https:\/\/medium.com\/@vaurum\/tim-draper-wins-govt-auction-partners-with-vaurum-to-provide-bitcoin-liquidity-in-emerging-markets-88f04a1d8598\" target=\"_blank\">statement<\/a>,<br \/>\n Vaurum founder Avish Bhama said that Draper\u2019s new bitcoins will be used<br \/>\n to provide liquidity to emerging markets through&nbsp;Vaurum.<\/p>\n<p>\u201cBitcoin frees people from trying to operate in a modern market<br \/>\neconomy with weak currencies. With the help of Vaurum and this newly<br \/>\npurchased bitcoin, we expect to be able to create new services that can<br \/>\nprovide liquidity and confidence to markets that have been hamstrung by<br \/>\nweak currencies,\u201d said Draper. \u201cOf course, no one is totally secure in<br \/>\nholding their own country\u2019s currency. We want to enable people to hold<br \/>\nand trade bitcoin to secure themselves against weakening currencies.\u201d<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>(OnBitcoin) Tim Draper, a Silicon Valley venture capitalist, was the sole winner of the US Marshal&nbsp;Bitcoin auction. Mr. Draper purchased all 30,000 BTC, outbidding many other participants in the auction such as Barry Silbert\u2019s SecondMarket. Draper is an investor in Vaurum, an exchange platform for financial institutions. &nbsp; In a statement, Vaurum founder Avish Bhama [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,37,83,584],"tags":[704,772,1241],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tim Draper, venture capitalist, wins government Bitcoin auction -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tim Draper, venture capitalist, wins government Bitcoin auction\" \/>\n<meta property=\"og:description\" content=\"(OnBitcoin) Tim Draper, a Silicon Valley venture capitalist, was the sole winner of the US Marshal&nbsp;Bitcoin auction. Mr. Draper purchased all 30,000 BTC, outbidding many other participants in the auction such as Barry Silbert\u2019s SecondMarket. Draper is an investor in Vaurum, an exchange platform for financial institutions. &nbsp; In a statement, Vaurum founder Avish Bhama [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/holytransaction\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-02T17:44:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/07\/Tim-Draper-400x500.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Satoshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/holytransaction\" \/>\n<meta name=\"twitter:site\" content=\"@holytransaction\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Satoshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html\",\"url\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html\",\"name\":\"Tim Draper, venture capitalist, wins government Bitcoin auction -\",\"isPartOf\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html#primaryimage\"},\"image\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html#primaryimage\"},\"thumbnailUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/07\/Tim-Draper-400x500.jpg\",\"datePublished\":\"2014-07-02T17:44:00+00:00\",\"dateModified\":\"2014-07-02T17:44:00+00:00\",\"author\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/#\/schema\/person\/1643e2c0c2df67ae0d6eacff8a185e69\"},\"breadcrumb\":{\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html#primaryimage\",\"url\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/07\/Tim-Draper-400x500.jpg\",\"contentUrl\":\"https:\/\/holytransaction.com\/blog\/wp-content\/uploads\/2014\/07\/Tim-Draper-400x500.jpg\",\"width\":400,\"height\":500,\"caption\":\"Tim Draper 400x500\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/holytransaction.com\/blog\/2014\/07\/tim-draper-wins-bitcoin-auction.html#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/holytransaction.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"adoption\",\"item\":\"https:\/\/holytransaction.com\/blog\/tag\/adoption\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Tim Draper, venture capitalist, wins government Bitcoin auction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/holytransaction.com\/blog\/#website\",\"url\":\"https:\/\/holytransaction.com\/blog\/\",\"name\":\"\",\"description\":\"HolyTransaction&#039;s Blog - 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