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Another transfer by the US government of originally seized Bitcoin from the notorious Silk Road has sparked widespread speculation on Wednesday, August 14. Blockchain analytics firm Arkham reported yesterday that 10,000 Silk Road BTC, valued at approximately $593.5 million, were transferred to Coinbase Prime, a platform used primarily for institutional investors. According to Arkham’s post on X: 10,000 Silk Road BTC ($593.5M) moved to Coinbase Prime. Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago.…

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…

As the 2024 presidential election approaches, the idea of the United States government establishing a strategic Bitcoin reserve is gaining momentum. This potential policy shift has been championed by former President Donald Trump and pro-crypto Senator Cynthia Lummis, who see it as a novel way to help pay down the country’s $35 trillion national debt. The concept was recently explored in depth by Bitcoin-focused financial institution River in a detailed video analysis, arguing that accumulating Bitcoin as a strategic reserve…

On Wednesday, the crypto market experienced a wave of volatility as news broke that the US government had transferred a significant amount of Bitcoin seized from the infamous Silk Road marketplace to the Coinbase exchange. Massive Silk Road Bitcoin Influx To Coinbase According to on-chain data tracker Arkham, the US government recently moved 10,000 Bitcoin worth around $590 million from a known government wallet to a Coinbase Prime deposit address.  Notably, this transfer sparked a 3.3% dip in the Bitcoin…

Crypto investors are increasingly accumulating and holding digital assets, particularly Bitcoin, in anticipation of the upcoming US Consumer Price Index (CPI) data release. Market indicators suggest a shift towards accumulation, driven by investor sentiment and the potential implications of the CPI data on the crypto market. On-Chain Data Reveals Renewed Investor Confidence in Bitcoin A recent report from Glassnode highlighted a clear trend among crypto investors as the market recovers from last week’s sell-off. Despite prevailing uncertainty, many investors increasingly…

London, United Kingdom, August 13th, 2024, Chainwire The DePIN network releases over 700 AirNodes in Northern Nevada and California, enhancing rewards for AirNode operators and connectivity for underserved communities.  World Mobile, a leader in decentralized physical infrastructure networks (DePIN), today launched the second batch of AirNode sales, marking a significant expansion of its U.S. wireless network and reinforcing its commitment to connecting underserved communities.  This new launch includes the deployment of over 700 AirNodes across Northern Nevada and California, to…

The post Is Trump Considering Quitting the US Election?  appeared first on Coinpedia Fintech News The entry of Kamala Harris Kamala Harris Kamala Harris is an American politician attorney, and currently serving as vice president of the United States. She is the first female vice president and the highest-ranking female politician in the U.S. Kamala was Born in Oakland, California, and graduated from Howard University with a degree in political science and economics, and later pursued her law degree from…

Bitcoin (BTC) faces a big week ahead as various key macroeconomic events are scheduled on the US calendar. The impact of these data releases on the crypto market has regained importance after a period of diminishing influence in the second half of 2023. Crypto traders and investors should prepare for potential volatility as the week starts, with multiple impactful events lined up on the economic calendar. Bitcoin Braces for US Economic Data: What to Watch While the week’s major US…