• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
7 June Wednesday, 2023
TurkishNY Radio
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
TurkishNY Radio
No Result
View All Result
Home Cryptocurrency

It Seems The US Government Has A Large Sum Of Bitcoin At Its Disposal

According to Dune experts, the US government is "one of the largest bitcoin whales."

Sean Odhran by Sean Odhran
27 March 2023
in Cryptocurrency
Reading Time: 2 mins read
0
The US Government had Become a Bitcoin Whale

According to researchers at analysis firm Dune, the US government’s entire supply of BTC is 205,515 BTC, representing more than 1% of the asset’s supply and making the US government “one of the top Bitcoin whales.” The US Department of Justice has confiscated around 215,000 BTC tied to criminal conduct since 2020, including 69,370 BTC linked to the darknet marketplace Silk Road, 94,643 BTC linked to the Bitfinex hacking pair, and 51,326 BTC linked to Silk Road hacker James Zhong.

Dune describes this as a “lower-bound estimate” based on publicly available data. PeckShield, an analytics business, had observed the flow of 48,998 BTC from US government accounts. 30,174 BTC and 8,999 BTC were transmitted to two new addresses, respectively, while another 9,825 BTC was paid to the US bitcoin exchange Coinbase.

YOU MAY BE INTERESTED

Whats-the-S&P-500-Exploring-SP500-Stocks-and-Why-They-Matter-to-Investors-2 (1)

What’s the S&P 500? Exploring SP500 Stocks and Why They Matter to Investors

7 June 2023
How-to-Add-Optimism-Network-to-your-MetaMask-Wallet-2

How to Add Optimism Network to your MetaMask Wallet

7 June 2023

The US Government had Become a Bitcoin Whale

The entire quantity of the first cryptocurrency issued by US authorities is 205,515 BTC (at the time of writing, $5.6 billion) – this is more than 1% of the totalcoin supply in the market. According to Dune experts, the US government is “one of the largest bitcoin whales.”

It Seems The US Government Has A Large Sum Of Bitcoin At Its Disposal

Since 2020, the US Department of Justice has seized around 215,000 Bitcoin linked to illegal conduct. Among them are 69,370 BTC from the Silk Road darknet marketplace (November 2020), 94,643 BTC from the Bitfinex hacking duo (January 2022), and 51,326 BTC from Silk Road hacker James June (November 2022).

PeckShield, an analytics firm, previously observed the flow of 48,998 BTC from US government accounts. 30,174 BTC and 8999 BTC were transmitted to two new addresses, while another 9825 BTC was paid to the US bitcoin exchange Coinbase. In March 2023, German and American officials, with the help of other nations, took down the ChipMixer cryptocurrency mixer’s infrastructure and confiscated 1909.4 BTC.

It may get your attention:
  • ZINU Price Prediction
  • Fintech Enterprises: Let’s Explain
  • Starlink Coin Price Prediction
ShareTweetSharePinSend
Previous Post

Xapo Integrates The USDC: First Bank To Do So

Next Post

Gareth Soloway’s Net Worth: How Much Has He Earned So Far?

Sean Odhran

Sean Odhran

Financial Writer Hello there, my name is Sean, and I'm a financial reporter with a particular interest in the world of cryptocurrency. I'm passionate about delivering accurate and insightful reporting that helps my readers navigate the complex world of finance and make informed decisions about their investments.

SIMILAR NEWS

Whats-the-S&P-500-Exploring-SP500-Stocks-and-Why-They-Matter-to-Investors-2 (1)
Cryptocurrency

What’s the S&P 500? Exploring SP500 Stocks and Why They Matter to Investors

7 June 2023
How-to-Add-Optimism-Network-to-your-MetaMask-Wallet-2
Cryptocurrency

How to Add Optimism Network to your MetaMask Wallet

7 June 2023
Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NEWS FEED

Whats-the-S&P-500-Exploring-SP500-Stocks-and-Why-They-Matter-to-Investors-2 (1)
Cryptocurrency

What’s the S&P 500? Exploring SP500 Stocks and Why They Matter to Investors

7 June 2023
How-to-Add-Optimism-Network-to-your-MetaMask-Wallet-2
Cryptocurrency

How to Add Optimism Network to your MetaMask Wallet

7 June 2023
Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2
Cryptocurrency

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023
DMCA
PROTECTED
TurkishNY Radio

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.