US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady

US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady
фото показано с : cryptoslate.com

2024-8-15 22:15

A Bitcoin (BTC) address that received 10,000 BTC from a US government wallet two weeks ago moved the entire stash to a Coinbase Prime deposit wallet today, according to on-chain data.

The BTC moved in the transaction is part of the crypto seized from the now-defunct dark web market Silk Road. The amount is equivalent to over $592 million and was moved to a Coinbase Prime hot wallet.

On Apr. 2, the US government moved 31,800 BTC to another wallet and has been distributing this amount to different addresses since then.

Notably, according to on-chain data platform Arkham Intelligence, the US government still holds over $1 billion in Silk Road-related BTC. 

The US authorities seized 50,000 BTC tied to the Silk Road when they arrested James Zhong in November 2022. Zhong is accused of hacking the dark web market in 2012 and stealing the seized amount.

The last known selling movement related to Silk Road’s BTC stash happened in March 2023, when the US sold 9,861.17 BTC.

Resilience amid potential ‘government dump’

“Government dump” movements became notorious within the crypto community after the German government sold nearly 50,000 BTC seized after closing the piracy platform Movie2k. The episode lasted 23 days and caused Bitcoin’s price to fall 17% between mid-June and mid-July.

However, this time Bitcoin is showing resilience amid the US government movement. Despite falling 4% over the past 24 hours, the price variation over the last hour is positive 0.5%.

A report published by CoinGecko in late July revealed that governments around the world hold nearly 483,400 BTC, with the US government taking the top rank with a total stash of 213,297 BTC.

Removing 10,000 BTC from the recent US government movement and considering the current price of $59,160.64, the total amount held by sovereign states is nearly $28 billion.

The post US government transfers 10,000 Silk Road BTC to Coinbase Prime, Bitcoin price holds steady appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 76019.88 (-0.59%)
Объем 24H $60.193b
Изменеия 24h: 0.39 %, 7d: 8.48 %
Cегодня L: $75545.13 - H: $76678.74
Капитализация $1503.521b Rank 1
Цена в час новости $ 58259.8 (30.48%)

btc prime bitcoin moved wallet coinbase road

Источник: cryptoslate.com

btc prime → Результатов: 74


Фото:

JD Vance Holds $100k-$250k Worth of BTC as Bitcoin Prime to Hit $1M: How 99Bitcoins Could Make You A Millionaire if BTC Prediction is Correct

Major Bitcoin holders, often called ‘whales,’ are making significant moves that could signal a shift in strategies. Ohio Senator JD Vance, recently nominated as Donald Trump’s vice-presidential running mate, has disclosed substantial Bitcoin holdings, revealing an acquisition between $100,001 and $250,000.

2024-7-23 16:14


Власти США перевели $2 млрд в конфискованных биткоинах с Silk Road на счет в Coinbase Prime

Обозреватель блокчейнов Blockchair сообщил, что 2 апреля Министерство юстиции США провело транзакцию на сумму 30 174 BTC. Биткоины поступили на институциональный кошелек в Coinbase Prime.

2024-4-3 12:22


Фото:

CFTC обвинила Prime FX в незаконном присвоении $1.2 млн в BTC и обычных валютах

Комиссия по торговле товарными фьючерсами США обвинила операторов платформы Prime FX, занимающейся торговлей биткоином и иностранными валютами, в обмане инвесторов на сумму $1.2 млн.

2021-10-1 14:00


Hold, Yield, & Hedge - How professional investors catch the upside & protect the downside

Dr. Marc Fleury is the founder and CEO of Two Prime, a digital assets investment firm that invests in BTC and ETH. Marc has a PHD in theoretical physics and he is an open-source evangelist. Two Prime uses a variety of sophisticated hedging strategies to help high net worth individuals gain exposure to the upside potential of BTC and ETH but remain hedged against downside risk.

2021-3-16 04:40


Genesis Reports Largest Ever Quarter, Q3 Driven by ETH, Stablecoins, & DeFi

Digital currency prime broker Genesis reported a record quarter third of 2020 with $4.5 billion in spot volume — up 285% from the same quarter in 2019, $1 billion in bilateral derivatives volume — which was driven by the BTC spot becoming more tightly coupled to risk assets in the broader macro and the embedded […] The post Genesis Reports Largest Ever Quarter, Q3 Driven by ETH, Stablecoins, & DeFi first appeared on BitcoinExchangeGuide.

2020-11-1 16:25


Подарки на Хэловин, Happy Halloween!

Happy Halloween! Поздравляю всех кто отмечает Хэловин! И сегодня, 31 октября 2019 года трейдинговая компания Prime XBT раздает подарки по 150 долларов* в биткоине (150 USD in $BTC Giveaway). Конечно не всем, конечно будет розыгрыш, и вы можете проверить себя на удачу.

2019-11-1 12:20


Bitfinex и OKEx провели взаимный листинг собственных токенов

Криптовалютная биржа Bitfinex провела листинг нативного токена криптобиржи OKEx – OKB – и запущенного компаниями OKLink и Prime Trust стейблкоина USDK. Кроме того, с 13 июня Bitfinex открывает торги в девяти новых парах: USDK/USD, BTC/USDK, ETH/USDK, USDT/USDK, EOS/USDK, OKB/USD, OKB/BTC, OKB/ETH и OKB/USDT.

2019-6-14 14:29


22 мая Huobi предложит BTC по цене ниже рыночной

То, что начиналось как шутка, по-видимому, превратилось в настоящий розыгрыш. Дело в том, что генеральный директор Huobi объявил, что 22 мая биржа будет предлагать биткоин по «цене ниже рыночной».

2019-5-16 17:02


Bitcoin [BTC]: All that glitters is not gold; can the digital equivalent oust the real thing?

With Bitcoin and the larger cryptocurrency community pushing the boundaries against the traditional financial realm, one of the main assets to feel the pinch is the prime commodity Gold. Often touted as the digital equivalent of gold, Bitcoin has seen a slew of real-world adoption and in its race against gold, has proven to be […] The post Bitcoin [BTC]: All that glitters is not gold; can the digital equivalent oust the real thing? appeared first on AMBCrypto.

2019-5-5 16:30


дальше еще 25 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arkham announces a new perpetuals exchange

Blockchain analytics firm Arkham Intelligence has announced the launch of a new perpetual futures exchange. The Arkham Perpetuals Exchange is set to go live next Wednesday, offering users a platform to trade spot and perpetual futures. The platform will provide…