{"id":42549,"date":"2024-12-03T08:28:07","date_gmt":"2024-12-03T08:28:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/u-s-government-moves-nearly-2-billion-in-bitcoin-linked-to-silk-road\/"},"modified":"2024-12-03T08:28:07","modified_gmt":"2024-12-03T08:28:07","slug":"u-s-government-moves-nearly-2-billion-in-bitcoin-linked-to-silk-road","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/u-s-government-moves-nearly-2-billion-in-bitcoin-linked-to-silk-road\/","title":{"rendered":"U.S. Government Moves Nearly $2 Billion in Bitcoin Linked to Silk Road"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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According to blockchain intelligence firm Arkham, a wallet connected to the U.S. government has moved about $2 billion worth of Bitcoin to a new address. On December 2, this big deal, which was worth about $1.92 billion, happened.<\/p>\n

Nearly 20,000 Bitcoin, which had been taken from the Silk Road black web bazaar<\/a>, was transferred. After transferring the Bitcoin to an unspecified address, the U.S. government-controlled wallet divided the money among two new wallets.<\/p>\n

One of these wallets received 10,000 BTC, worth roughly $969 million at the time of transfer. The second wallet held over 9,800 BTC, valued at more than $949 million.<\/p>\n

Arkham highlighted the origins of these funds, linking them to the Department of Justice\u2019s seizure of Silk Road assets. Ross Ulbricht, founder of Silk Road, is currently serving a life sentence for his role in operating the illegal marketplace.<\/p>\n

A Recurring Pattern in Bitcoin Transfers<\/strong><\/h2>\n

This isn\u2019t the first large-scale Bitcoin movement by the U.S. government. In July, Arkham identified another transaction involving over $2 billion worth of Bitcoin from Silk Road-related holdings. During that instance, more than 29,800 BTC were split into two wallets amid heightened market sell-off pressure.<\/p>\n

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177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Although the most recent transaction\u2019s goal is still unknown, Arkham hinted that deposits to institutional custody services might have been a part of earlier transactions. The U.S. Marshals Service revealed earlier this year that it uses Coinbase to hold Bitcoin, which further connects government actions to well-known cryptocurrency sites.<\/p>\n

According to Arkham, the U.S. government currently owns more than 188,000 Bitcoin, which is worth $18.2 billion as of December 2. The government\u2019s intentions regarding these holdings are still up for debate, particularly in light of President-elect Donald Trump\u2019s stated desire to back a Bitcoin strategic reserve.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) According to blockchain intelligence firm Arkham, a wallet connected to the U.S. government has moved about $2 billion worth of Bitcoin to a new address. On December 2, this big deal, which was worth about $1.92 billion, happened. Nearly 20,000 Bitcoin, which had been taken from […]<\/p>\n","protected":false},"author":35,"featured_media":42550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42549"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42549"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42550"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}