Government

The post German Government Transfers Another 3250 Bitcoins Today! appeared first on Coinpedia Fintech News Today, the German government again sent another 3250 Bitcoins worth $191.02 million to Cumberland, Coinbase, Bitstamp, Kraken, 139Po which is likely an institutional deposit/OTC service, and to an address bc1qu. So far today, the government has transferred a total of 5627 Bitcoins worth a significant $328.89 million to market makers and exchanges. It now has a balance of 9925 Bitcoins worth $582.43 million remaining, which…

The German government is continuing to sell its large Bitcoin position near the market bottom, while it is continuing to be absorbed by buyers. Is this a similar play to when UK chancellor Gordon Brown sold a huge chunk of his country’s gold at the bottom of the market? The current selling of what could be the entire $BTC holdings of the German government at the bottom of the market could be held up in years to come as one…

In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month.  Bitcoin Reserves On The Brink Of Exhaustion The selling spree began last month when the German government initiated the sale of seized Bitcoin from a wallet operated by the country’s Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA).  The BKA sold 900 BTC…

The post The German Government Transfers 5,103 Bitcoins Worth Approximately $300 Million! appeared first on Coinpedia Fintech News Today, the German government has transferred another 5,103 Bitcoins worth $299.8 Million to multiple exchanges. Kraken, FlowTraders, Coinbase, Cumberland, and B2C2 Group about three hours ago. Reportedly, the German government has transferred 31,140 BTCs since June 19th and currently holds 18,860 BTCs worth $1.11 Billion.

The post German Government Moves $520M in Bitcoin to Exchanges, More Sell-Off Ahead? appeared first on Coinpedia Fintech News The German government wallet has recently moved overall 8853.5 BTC, worth nearly $520.17 million, to multiple crypto exchanges. Despite this large transfer, Bitcoin’s price remained steady at around $58,500, reflecting a 2% increase in the last 24 hours.  Meanwhile, these transactions to multiple exchanges have raised fears in the crypto space, indicating that more sell-offs may be coming soon. Massive Bitcoin…

The German government dogged selling of Bitcoin continues, but the $BTC price appears to be holding firm so far. Can the Bitcoin bulls absorb all the selling, or could we see another dump to the downside? $BTC price remains buoyant According to Arkham Intelligence, the German government sent another 5103 BTC to exchanges on Wednesday morning, worth around $300 million. The German government holdings are now down to 18,860 BTC, worth $1.11 billion. In the face of all this selling,…

The post The German Government Transfers Another 1,000 Bitcoins worth $55,800,000 Today! appeared first on Coinpedia Fintech News Today, the German Government transferred another 1,000 BTCs worth approximately $55.8 Million around four hours ago. Out of this, 500 Bitcoins worth $27.9 Million were transferred to BitStamp and Kraken. Notably, since 20th June, the German government has moved out a total of 11,033 Bitcoins worth over $669,000,000 with an average selling price of $60,669. The government currently holds 38,826 more Bitcoins…

The post Government Bitcoin Sell-Off Won’t Shake Crypto Market Say CryptoQuant’s CEO appeared first on Coinpedia Fintech News Recent, selling of sized bitcoin by the German government has exerted selling pressure that triggered panic among crypto investors. This move has somewhat resulted in Bitcoin’s price dropping by 4.3% in the past day and over 6.63% in the past week, pushing it below the $54,000 mark.  Perhaps, CryptoQuant CEO Ki Young Ju suggests that government Bitcoin sales may not have as…

The post German Government Receives Back 1,915 BTC from Exchanges  appeared first on Coinpedia Fintech News In the latest development, the German Government received back 1,915 BTC, valued at $111.5 million, from addresses linked to Kraken, Bitstamp, and Coinbase exchanges last night. This morning, they moved 1,047.4 BTC out of their wallets. Out  Of this, 547.4 BTC, valued at $30.1 million, went to Flow Traders. Another 500 BTC, worth $27.1 million, was likely deposited for institutional or OTC services at…