A wallet associated with the US government has recently moved over 10,000 Bitcoin (BTC), as revealed by Arkham Intelligence. This action closely follows a similar large-scale transfer involving $2 billion worth of Bitcoin in late July.
Following the latest transfer, the price of Bitcoin experienced a slight decline, Currently, Bitcoin trades around $59,344, reflecting a 3.27% decrease over the last 24 hours, according to CoinGecko.
bitcoin price source:coinmarket
The US government is currently the largest national holder of Bitcoin, possessing over 203,200 BTC. These holdings, mainly acquired through law enforcement actions such as the Silk Road seizure, are valued at approximately $12 billion.
Government Bitcoin holdings source：globaldate
In addition to Bitcoin, the US government holds over 50,000 Ether (ETH), with a value of around $134 million. Earlier this month, the government transferred 300 ETH, worth approximately $699,000, to a new wallet.
The US authorities' significant BTC holdings include a substantial portion seized from the infamous Silk Road dark web marketplace. In late 2021, the US Department of Justice confiscated over 50,000 BTC from Silk Road, which was worth $3.4 billion at that time. Over the following months, the government sold a portion of these assets, leaving approximately 30,000 BTC in its possession by mid-2023.
In a related event in April, a wallet containing over 30,000 BTC executed a minor test transaction, sending 0.001 BTC to another wallet linked to Coinbase Prime.
Bitcoin is outpacing traditional assets like gold due to increasing adoption by individuals and institutions. With political backing and a surge in value, it’s gaining traction as a reliable store of value, alongside stablecoins for everyday transactions.
JoyThe crypto industry has invested heavily in the 2024 US election, with companies like Coinbase and a16z donating millions to support pro-crypto candidates. In total, the sector has contributed over $133 million to super PACs backing crypto-friendly policies.
AnaisColorado residents has been receiving calls from "Sergeant Schilling", coercing victims to pay a $10,000 fine for missing their jury duty.
XingChiLu Lei, vice-governor of the People’s Bank of China (PBoC), has just offered an unexpected tribute to Satoshi Nakamoto
XingChiCraig Wright envisions transforming Bitcoin into a practical tool for financial inclusion through his proposed TerraNode, which aims to enhance Bitcoin's scalability and accessibility for users worldwide. He believes this system will eliminate high fees and barriers, empowering individuals excluded from traditional banking to engage in global trade without restrictions.
AnaisStephen Mollah recently claimed to be Satoshi Nakamoto at a press conference in London but failed to provide any credible evidence to support his assertion. The event, which was marred by technical issues and confusion, left attendees frustrated and questioning the validity of Mollah’s claims, which echo similar unproven assertions made by others in the past.
AnaisBitcoin was close to $73,000 on Wednesday, almost breaking its all time high just a week before the U.S. elections.
XingChiIndia has recently announced that the country is considering banning cryptocurrencies like Bitcoin and Ether in favor of its Central Bank Digital Currency (CBDC).
XingChiTether is biting back on The Wall Street Journal for speculating that the company is under investigation by the U.S federal government.
XingChiMicrosoft has made a firm stance to say NO to Bitcoin, stating that this aligns better with the company's long term interest.
XingChiGolden Finance launched the 2290th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceUsual's USD0 launch in France bridges traditional finance with DeFi, introducing innovative yield models and governance tokens. As stablecoins gain momentum globally, the sector promises further growth and innovation.
Xu LinJustin Sun's substantial acquisition of billions of SHIB tokens, alongside mega whale activities, sparks speculation in the crypto space. The community anticipates a breakout to $0.001 SHIB in 2024. Sun's motives, whether burning, bridging, or strategic accumulation, remain undisclosed, leaving the crypto world in suspense.
Cheng YuanJinseFinanceThe decentralized exchange holds over $390 million in locked tokens as of Tuesday.
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