Seized bitcoin

German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations

July 13, 2024 Bitcoin.com

Bitcoin

According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty until donations started coming in. German Government Now Has More Bitcoin The […]

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German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset

July 5, 2024 Bitcoin.com

Bitcoin

A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture on bitcoin’s advantages for nation-states, aiming to shift policy toward embracing cryptocurrency as a reserve […]

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German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows

July 4, 2024 Bitcoin.com

Bitcoin

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining […]

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Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

April 2, 2023 Bitcoin.com

Bill Ackman

Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. In related news, billionaire Bill Ackman warned that the U.S. economy is “heading for […]

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Man Pleads Guilty to Stealing Bitcoin ‘Seized’ by US Government

January 9, 2023 Bitcoin.com

bitcoin.com

An Ohio man has pleaded guilty to stealing over 712 bitcoin that was “seized” by the U.S. government in another criminal case. He has agreed to forfeit some bitcoin, ether, and dogecoin as part of his plea. “Due to the increase in market prices, the total value of these forfeitable properties exceeds $12 million,” said […]

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Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine

July 24, 2022 Bitcoin.com

bitcoin.com

Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service […]

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Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years

January 8, 2022 Bitcoin.com

bitcoin.com

U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs. UK Police Reveal Information About Seized Crypto Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 […]

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German Prosecutors Hire Local Bank to ‘Clean’ Seized Crypto Worth $113 Million

December 24, 2021 Bitcoin.com

bitcoin.com

German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstream exchanges,” the bank said. Bank Hired to Clean Cryptocurrency Seized in Criminal Cases The anti-cybercrime unit of the Frankfurt General Prosecutor in the German […]

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FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate

December 4, 2021 Bitcoin.com

bitcoin.com

The Federal Bureau of Investigation (FBI) has seized bitcoin worth more than $2.2 million tied to ransomware payments. The cryptocurrency allegedly belongs to an affiliate of Gandcrab and Revil/Sodinokibi ransomware. US Seizes Bitcoin Worth Over $2 Million The Federal Bureau of Investigation (FBI) has seized almost 40 bitcoins from a Russian resident tied to Revil […]

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Germany Auctions Bitcoin Seized From Darknet: Bargain Hunters Flock to Buy Cheap BTC

October 26, 2021 Bitcoin.com

bitcoin auction

German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auction website reportedly experienced high traffic to bitcoin listings, with 4,000 new registered users over the past few days. German Government Auctioning Seized Bitcoin The Justice Ministry of North Rhine-Westphalia, Germany’s largest state by population, announced Monday an auction of bitcoin seized […]

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5 times crypto appeared in pop culture in 2024