In response to information revealed by the cryptocurrency evaluation firm Arkham, exercise continues within the Bitcoins held by the German authorities.
In response to information, Germany has bought over $195 million price of Bitcoin up to now.
Newest information exhibits that the German authorities despatched $65 million within the final two hours to 2 completely different teams suspected of being linked to exchanges, together with Coinbase.
Yesterday, Germany moved $600 million price of BTC, $130 million of which was transferred to 4 completely different cryptocurrency exchanges, together with Kraken and Bitstamp.
Presently, in line with information, Germany holds roughly $3.05 billion price of BTC. It’s unknown whether or not the remaining quantity shall be transferred to cryptocurrency exchanges or the influence these may have on Bitcoin.
German police seized roughly 50,000 BTC, price over $2 billion on the time, from the operators of Movie2k.to, a pirated film web site lively in 2013. In response to Arkham, police obtained the Bitcoins in mid-January following a “voluntary switch” from the suspects.
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