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US Government Transfers $243 Million in Seized Bitcoin to Coinbase


On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address tagged as Coinbase. U.S. Law Enforcement Moves 3,940 Bitcoin The U.S. government executed this transfer of 3,940...

German Government Moves 250 Bitcoin Worth $15.42m


In this post The German government has moved an additional 250 Bitcoin worth $15.42 million. The moved BTC stash is part of the 50,000 Bitcoin seized from Movie2k.to. Crypto traders operate on neutral market sentiment as bulls worry about an inbound crypto winter. Since mid-June 2024, Germany...

German Government Moves 900 Bitcoin to Coinbase and Kraken


The German government amassed an impressive portfolio of 50,000 Bitcoin after seizing it from pirated movie site operators in January. Amid the recent drop in BTC’s price, the government strategically offloaded some of its holdings over the past week to various exchanges, signaling a possible...

US Government to Report Seized Crypto as ‘Nonmonetary Property’


The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies...

Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare


A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such...

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