2024

Bitcoin

TRON

Read

<p class="is-style-lead">Justin Sun appears to be willing to buy Bitcoins via OTC from the German government to “minimize the impact on the market.”</p>
<p>The founder of TRON blockchain <a href="https://crypto.news/tag/justin-sun/" target="_blank" rel="noopener noreferrer nofollow">Justin Sun</a> is teasing his readiness to safeguard the industry as more confiscated Bitcoins hit centralized crypto exchanges.</p>
<p>In a Thursday post on X, Sun wrote that he’s “willing” to negotiate with the <a href="https://crypto.news/tag/germany/" target="_blank" rel="noopener noreferrer nofollow">German</a> government to acquire “all BTC off-market,” aiming to reduce market impact. However, Sun didn’t specify details or a timeline for the potential transaction.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.</p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1808828661401072092?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The move coincides with ongoing transfers of confiscated Bitcoins by German government-labeled addresses to centralized exchanges, despite Bitcoin’s recent drop below $60,000. It remains unclear whether these assets were sold or retained in exchange wallets.</p>
<p>As crypto.news <a href="https://crypto.news/germany-transfers-millions-in-bitcoin-to-various-wallets/" target="_blank" rel="noopener noreferrer nofollow">reported</a> earlier, the German Federal Criminal Police Office (BKA) transferred multiple Bitcoins to centralized exchanges like Kraken, Coinbase and an untagged wallet. At the time of writing, the BKA made no public statements on sending BTC to the exchanges.</p>
<p>According to data from Arkham, the German government still holds over 40,000 BTC valued at over $2 billion at current market prices. The German Federal Criminal Police Office (BKA) first seized almost 50,000 BTC from the operators of the popular piracy movie website Movie2k.to back in 2013. The BKA received the Bitcoin in mid-January after a “voluntary transfer” from the suspects, the German police said in a <a href="http://Saxony Police" target="_blank" rel="noopener noreferrer nofollow">press release</a>.</p>
<p>Read more: <a href="https://crypto.news/germanys-bitcoin-group-tackles-money-laundering-attempts/" rel="noopener noreferrer nofollow"> Germany’s Bitcoin Group tackles money laundering attempts </a></p>

Justin Sun teases ‘willingness’ to negotiate with Germany

crypto.news

Άλλα άρθρα που δημοσιεύτηκαν στις 4 Ιουλ 2024

Telegram Launches Gaming Accelerator with Helika Gaming

Coinbase Responded to the SEC's Actions To Prevent "Dies in Darkness" in the Lawsuit

Mid-Cap Altcoins That You Need To Buy Right Now!

What is the reason for the decline in Bitcoin? What is Required for Ascension?

New SEC framework mandates Nigerian crypto companies to have physical offices in Nigeria, among o...

Investors Maintain ONDO Price Stability Despite Market Trends

Join our free newsletter for daily crypto updates!