<\/p>\n
The German and U.S. governments have transferred over US$100 million in cryptocurrency. <\/p>\n
On July 1, the German government moved 1,500 Bitcoin (BTC), worth approximately US$95 million, with some of these funds being sent to major cryptocurrency exchanges. <\/p>\n
Concurrently, the U.S. government moved 3,375 Ethereum (ETH), valued at around US$12 million, to an undisclosed wallet. <\/p>\n
These transactions occur amidst the crypto community\u2019s anticipation of a market rebound in July, following historical patterns of recovery after June\u2019s downturns.<\/p>\n
The German government\u2019s transaction involved transferring 400 BTC to exchanges such as Bitstamp, Coinbase, and Kraken, which may suggest plans to liquidate these assets. <\/p>\n
Over the last two weeks, Germany has transferred 2,700 BTC to various exchanges.<\/p>\n
Despite these transactions, Germany maintains a substantial reserve of 44,692 BTC, estimated to be worth around US$2.8 billion. <\/p>\n
The U.S. government\u2019s Ethereum transfer reportedly originates from assets previously confiscated from Estonian crypto entrepreneurs Potapenko and Turogin, marking a significant change in the management of these funds. <\/p>\n
The U.S. still holds 49,320 ETH, with an estimated value of US$172 million.<\/p>\n
Further complicating market dynamics is the anticipated commencement of repayments in the Mt. Gox case, expected to start in July 2024.<\/p>\n
\n\t\t\t\t Post Views:<\/span> 350<\/span>\n\t\t\t<\/p>\n<\/div>\n \t\t!function(f,b,e,v,n,t,s) The German and U.S. governments have transferred over US$100 million in cryptocurrency. On July 1, the German government moved 1,500 Bitcoin (BTC), worth approximately US$95 million, with some of these funds being sent to major cryptocurrency exchanges. Concurrently, the U.S. government moved 3,375 Ethereum (ETH), valued at around US$12 million, to an undisclosed wallet. These […]<\/p>\n","protected":false},"author":2,"featured_media":159069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-335255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=335255"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335255\/revisions"}],"predecessor-version":[{"id":335259,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/335255\/revisions\/335259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/159069"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=335255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=335255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=335255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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