U.S. begins auction for 50,000 bitcoins tied to criminal website

A Bitcoin (virtual currency) paper wallet with QR codes and coins are seen in an illustration picture taken at La Maison du Bitcoin in ParisBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Marshals Service on Thursday started auctioning off 50,000 bitcoins following the conviction of Ross Ulbricht for running Silk Road, the underground website where authorities said drugs and other illegal goods could be bought using the virtual currency. The six-hour online auction of roughly $13.5 million worth of bitcoins at current prices began at 8 a.m. EST (1300 GMT). The Marshals Service conducted auctions in June and December for nearly 80,000 bitcoins seized during the Silk Road raid in 2013. Billionaire venture capitalist Tim Draper said he would be a bidder.

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Lumber Liquidators faces class-action lawsuit in Florida

A Lumber Liquidators store sign is shown outside one of the companies retail locations in San Diego, CaliforniaBy Zachary Fagenson MIAMI (Reuters) – A $5 million class-action lawsuit filed this week in Florida accuses hardwood and laminate flooring giant Lumber Liquidators, Inc of selling products laden with cancer-causing chemicals. The case, filed on Tuesday in federal court in Miami, claims the company "deceptively manufactured, labeled and sold the toxic laminate flooring." A similar lawsuit was filed late last year in California. U.S. Senator Bill Nelson of Florida, the ranking Democrat on the Senate Committee on Commerce, Science and Transportation, called on federal agencies Wednesday to investigate the Delaware-based company's flooring. The report sampled Chinese-made laminate flooring sold in California, Virginia, Florida, Texas, and Illinois.

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