Coinbase Deal Likely Behind US Govt’s $2B BTC Transfer: Bloomberg Analyst

Quick Summary:

Bloomberg senior ETF analyst James Seyffart has sparked speculation about a potential Coinbase deal being the reason behind the US government’s recent Bitcoin transfer.

The US government moved $2 billion in Bitcoin, seized from Silk Road to two addresses, as reported by Arkham Intelligence.

This comes shortly after Donald Trump’s recent announcement to hold onto the government’s Bitcoin holdings.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price Bitcoin News Coinbase 24/7 Cryptocurrency News Silk road US Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 20:51:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 45 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21837499

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About CoinGape

Main Topics: Crypto

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News Last Updated: 9 hours ago

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