US government transfers $590M worth of Silk Road seized Bitcoin to Coinbase

The US has reportedly moved 10,000 BTC seized from Silk Road to Coinbase. The government still holds 203,200 BTC, valued at around $12B. Future sales by the US could impact the cryptocurrency market. The United States government has transferred 10,000 Bitcoin (BTC) worth approximately $590 million to Coinbase wallet, according to data from Arkham Intelligence. […] source: https://coinjournal.net/news/us-government-transfers-590m-worth-of-silk-road-seized-bitcoin-to-coinbase/