Government

The post Is DOGE Now the Department Of Government Efficiency? Elon Musk Might Have Just Hinted at It! appeared first on Coinpedia Fintech News Elon Musk, the billionaire founder of Tesla and SpaceX, has long been a supporter of Dogecoin, a meme-based cryptocurrency. His frequent promotion of Dogecoin has often led to price surges. Recently, Musk has expressed interest in leading a potential “Department of Government Efficiency” (D.O.G.E) under former President Donald Trump’s administration, should Trump be re-elected. Trump’s Plan…

The post Bitcoin News Today: How Corporate and Government Bitcoin Reserves Impact the Market appeared first on Coinpedia Fintech News Companies -both public and private – and governments hold large Bitcoin reserves. MicroStrategy, a public company, owns around 226,500 Bitcoins. Similarly, the US government holds over 207,189 Bitcoins. At a time when the market is expecting a recession, it is important to have a clear understanding of the influence of large Bitcoin holders on the Bitcoin price. Bitcoin Holdings by…

The post Schumer Urges Bipartisan Action to Avoid Government Shutdown appeared first on Coinpedia Fintech News The U.S. Senator Charles Schumer sent a letter to his team on September 8 titled Dear Colleague. In his letter he emphasized the need for bipartisan cooperation to pass a continuing resolution to avoid government shutdown. In this letter, he also highlighted the recent accomplishments of the Senate. These include supporting Ukraine and passing legislations like KOSA and COPPA 2.0. Schumer urged continued efforts…

Experts believe that the US Marshal Service (USMS) plans to sell all remaining Silk Road Bitcoin (BTC) after transferring the confiscated funds to new addresses. As the entity responsible for managing seized assets, the USMS — effectively representing the US government — may be taking action under political influence. US Marshal Service Likely Selling Silk Road Bitcoin Scott Johnsson, a finance lawyer, believes the US Marshal Service is “most certainly” selling Silk Road Bitcoin. This speculation arises after a series…

The post US Government Holds $54B SHIB! A Potential Sell-off Approaching? appeared first on Coinpedia Fintech News According to data from Arkham Intelligence, the U.S. government holds 54.89 billion SHIB tokens. Notably, the blockchain wallet affiliated with the U.S. government holds more than 100 digital assets worth $12.43 billion at the time of writing. Out of the total crypto holdings in the wallet, only Shiba Inu has amassed a quantity in the billions. Based on its holding of over 54…

The post Will the US Government Sell 10,000 Bitcoin? Experts Weigh In on the Recent Transfer appeared first on Coinpedia Fintech News Big moves happening! On August 14, the U.S. government transferred about 10,000 Bitcoin, valued at roughly $594 million, to Coinbase’s Prime deposit wallet as per Arkham Intelligence report. While many thought the transfer was for custody purposes due to a new partnership between the Marshals Service and Coinbase, Johnsson believes the Bitcoin has either already been sold or…

According to on-chain data, the US government transferred 10,000 Bitcoin (BTC) to Coinbase Prime, an institutional trading platform. This transaction, worth approximately $593.5 million, notably influenced the crypto market trends. The Bitcoin originated from the Silk Road DOJ Confiscated Funds, a government-managed account. Is the US Government Planning to Sell Bitcoin? Observers are speculating about the government’s motives, as such deposits to exchanges typically suggest a potential sale. However, the context indicates a strategy more aligned with custodial intentions, particularly…

Only two days after presidential hopeful Donald Trump said at the Bitcoin 2024 conference that he would not move the US Silk Road $BTC, the government did just that, transferring $2 billion worth to a previously unknown wallet. Bitcoin lost 4% in value on the news. Large $BTC movement sends traders into a panic It seems that the crypto market has still not lost the jitters. Large amounts of $BTC being moved from one address to another is still able…

The post Is Another Bitcoin Crash on Cards ? Will The U.S Government Sell All Bitcoins like Germany? appeared first on Coinpedia Fintech News In a recent development, Peter Schiff, a Gold bug and a staunch Bitcoin critic, has taken to X to share his views on a statement made by the pro-crypto Donald Trump in his recent speech at the Bitcoin conference.  Trump To Keep 100% Of The BTC Held If Elected Trump had said, “If I am elected,…