In the dynamic world of cryptocurrency, recent activities have sparked discussions among enthusiasts and investors alike. The German government has resumed its Bitcoin (BTC) transactions, picking up where it left off. Arkham Intelligence, a platform for on-chain data and analysis, reported that an address associated with the German government has initiated another series of Bitcoin transfers.
Today, the German government has moved 400 BTC, valued at approximately $25.28 million, to prominent exchanges such as Bitstamp, Coinbase, and Kraken. Detailed transactions reveal that German authorities have distributed 600 BTC and 500 BTC to an unidentified address in back-to-back operations, allocating 200 BTC to Bitstamp, 100 BTC to Coinbase, and another 100 BTC to Kraken. Over the past fortnight, the total amount of BTC transferred by the German Government to centralized exchanges (CEXs) has surpassed 2,700 BTC.
In related developments, the German Government’s Bitcoin holdings are currently estimated at 44,692 BTC, which translates to a staggering $2.81 billion.
Shifting focus to the United States, a significant Ethereum (ETH) transaction has been recorded. The address “0x05…e049,” which is marked as belonging to the US Government, has transferred 3,375 ETH, worth roughly $11.75 million, to the unidentified address “0x5a…1871” today.
This address is known to contain funds seized from Estonian cryptocurrency entrepreneurs Potapenko and Turogin. In a previous transaction, another address under the US government, which held the confiscated assets, moved 11.84 BTC to the address “3KHnTq…muuso9.” Currently, the US Government’s address no longer holds any ETH.
Please note that this information is not intended as investment advice. For those interested in diversifying their portfolio with over 300 cryptocurrencies, Binance offers a registration option with a 20% commission discount through a specific link.
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