The U.S. government has made headlines again in the cryptocurrency space, this time with a significant ETH deposit to Coinbase Prime. According to Arkham Intelligence, an additional 86.564 ETH (worth ~$220K) was transferred from a wallet holding seized funds. What does this mean for the crypto market? Why Is the U.S. Government Depositing ETH to […]
In an unprecedented financial maneuver, the UK government is poised to offload a colossal £5 billion ($6.7 billion) worth of seized Bitcoin (BTC). This significant decision, aimed at shoring up the nation’s finances, marks a pivotal moment in how governments globally manage and monetize digital assets. For anyone following the evolving landscape of cryptocurrencies and […]
In a surprising turn of events, reports are emerging from China indicating that local governments are resorting to an unconventional method to alleviate financial pressures. Facing economic headwinds and revenue shortfalls, these local authorities are reportedly liquidating seized cryptocurrencies through private firms. This clandestine operation, occurring in a nation where crypto trading is officially banned, […]
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