Bitcoin

Arkham

Arkham Intelligence, a blockchain data analysis company, has revealed that the <a href="https://optimisus.com/news/us-government-shifts-2b-in-bitcoin-to-coinbase-sparking-slight-market-dip/" rel="noopener noreferrer nofollow">US government</a> has transferred $4 million worth of confiscated Bitcoin to Coinbase, a popular cryptocurrency exchange.  
The funds were derived from a 2020 narcotics case involving Ryan Farace, who used the pseudonym "Xanaxman" on the dark web. Farace and his father, Joseph Farace, were found guilty of money laundering in 2018. The Department of Justice retrieved 2,933 BTC from them and suggested selling the confiscated Bitcoins.  
The government has depleted Ryan Farace's confiscated cash, but the fund accounts for less than 1% of Bitcoin's current 24-hour trading volume, which exceeds $45 billion.  
Meanwhile, <a href="https://optimisus.com/press-releases/bitcoin-price-prediction-60k-drop-possible-due-to-mt-gox-transfer-whats-next-for-altcoins/" rel="noopener noreferrer nofollow">Mt. Gox, an inactive crypto exchange,</a> has resumed selling Bitcoin, sending 80.064K BTC to new address and 5,110 BTC to secure offline storage. Arkham Intelligence has also highlighted Mt. Gox's unusual actions of transferring Bitcoin to four Bitstamp addresses, suggesting they may have been test transactions.  
Despite the recent decline, Bitcoin is now trading on a bullish trajectory, driven by the Ether ETF and notable market movements. The current price of Bitcoin is $66,605, with significant gains of 4.33% and 3.58% in the past week and month. 
The post <a href="https://optimisus.com/news/crypto-news/the-us-government-transfers-4-million-in-seized-bitcoin-to-coinbase/" rel="noopener noreferrer nofollow">The US government transfers $4 million in seized Bitcoin to Coinbase</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

The US government transfers $4 million in seized Bitcoin to Coinbase

Optimisus

发布于 2024年7月24日的其他文章

Hong Kong debuts Asia’s first inverse Bitcoin ETFs: Time to bet on bears?

Fantom Faces Challenges While Showing Resilience

Bitcoin Price Dips: Is This the Start of a Fresh Downside?

Bitcoin Battles to Reclaim $65,000 as Analysts Eye Crucial Support Levels

Is XRP Golden Cross Incoming? Bitcoin (BTC) to Paint Head and Shoulders Pattern, Solana (SOL) Pat...

As MOONHOP Presale Approaches $1M, Poodlana & PlayDoge Investors Quickly Jump In to Participate

订阅我们免费的电子期刊，获取每日最新加密领域动态！