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Bitcoin Price Alert: US Government Moves 4,000 BTC Seized From Silk Road To Coinbase

Bitcoinist LogoBitcoinist2d ago

Bitcoin Price Alert: US Government Moves 4,000 BTC Seized From Silk Road To Coinbase - Bitcoinist

Quick Summary:

The Bitcoin price experienced significant turbulence as the US and German governments executed transactions involving seized Bitcoin (BTC) holdings, leading to another BTC retracement.

According to market intelligence platform Arkham, the US government has transferred nearly 4,000 BTC, originally seized from drug trafficker Banmeet Singh, to Coinbase.

The US government wallets deposited 3,940 BTC, equivalent to $241.22 million at current trading prices, to Coinbase.

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Bitcoin Price Alert: US Government Moves 4,000 BTC Seized From Silk Road To Coinbase - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 08:00:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21400166

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin Price Alert: US Government Moves 4,000 BTC Seized From Silk Road To Coinbase" was covered 2 days ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 7 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-price-alert-us-government-17194752741926

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