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Tag Archives: Bitcoin News

German Government Entity Transfers Another $362 Million in Bitcoin

The German Federal Criminal Office, or Bundeskriminalamt (BKA), moved another $362 million in bitcoin on July 9, leaving it with $1.3 billion worth of assets, which it will most likely liquidate until the last Satoshi. Arkham Intelligence brought attention to BKA’s wallet activity, posting on X, “TODAY: German Government selling up to 6306.9 BTC ($362.12M).” It added, “In the past 3 hours, the German Government has sent 6306.9 BTC ($362.12M) to Kraken, Cumberland, 139Po (likely institutional...

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Digital Asset Products Record $441 Million in Inflows, US Spot Bitcoin ETFs See Close to $300 Million

Crypto prices have fallen across the board over the past month, pushing investors away and spurring large amounts of liquidations in the process. However, bitcoin’s price dropping to lows unwitnessed for months has led certain investors to take advantage of its discounted price and the prices of other cryptos, leading to $441 million flowing into crypto-related products. Bitcoin products saw $398 million in inflows, capturing 90% of the funds invested in crypto products. US spot BTC ETFs...

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German MP Wants Government to Stop Selling Its Bitcoin Stash

Joana Cotar, a German member of parliament and Bitcoin activist, urged the government to stop offloading its bitcoin stash. Its continued selling has affected the asset’s price, causing it to slowly lose value in June and record a massive single-day drop to below $54,000 on July 5. Bitcoin’s price was above $60,000 two days prior. The German-related wallet labeled “German Government (BKA)” moved $172 million worth of bitcoin on July 4. Of course, other factors influenced bitcoin to drop and...

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Mt. Gox Kicks Off Repayment Process

The much-awaited Mt. Gox repayment process has begun, with the defunct exchange’s bankruptcy estate moving 47,282 bitcoins, with 140,000 pledged to satisfy creditors. That transaction signals the start of this process, and Mt. Gox’s creditors can witness the assets reaching their wallets in the following days at best. Some may receive it 60-90 days from now, although that timeline is believed to be the worst-case scenario. This repayment process was confirmed last month by Mt. Gox through a...

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