The US government has reportedly moved 15,085 bitcoins worth over $920 million to two new wallets. Seized in the infamous 2016 Bitfinex hack, the funds were transferred to unknown addresses in a series of four transactions in less than two hours. At present, the US government holds 200.16K BTC valued at roughly $12 billion. According […]
US government
Bitcoin’s Future in Peril: U.S. Government’s Relentless War
Bitcoin and cryptocurrencies have been facing a turbulent year, contending with increasing scrutiny from the U.S. government. The once-soaring Bitcoin prices have plateaued, and now, Sam Altman, CEO of OpenAI and an AI pioneer, is sounding the alarm. He asserts that the U.S. government is waging a “war” on crypto, aiming to gain control over […]
Here’s Why Coinbase Received 40K BTC From US Government
Recently, the US government transferred 40,000 Bitcoins worth over $2 billion to the Coinbase cluster. The majority of the transactions appear to be internal, despite the move igniting speculation that the government may be attempting to sell off its holdings when the local cryptocurrency market is at all-time highs. Internal transfers are commonplace processes that […]
Potential outlaw of Algorithmic Stablecoins: US Government
Regulators from all over the world were informed of the demise of Terra and its algorithmic stablecoin TerraUSD. These assets’ low volatility did not present a problem in the past. After the Terra disaster, things, however, changed drastically. Stablecoins are already being considered as part of existing rules in nations like South Korea and others. […]