Silk Road

Bitcoin ETFs, MicroStrategy, whales spur 3X jump in private BTC txs: Analyst

December 27, 2024 Coin Telegraph

Coin Telegraph

CryptoQuant’s CEO Ki Young Ju dismissed the idea that private CoinJoin transactions are mostly used by hackers to launder stolen funds.

Private Bitcoin transactions — using a process called CoinJoin — has tripled since 2022 as a result of huge Bitcoin accumulators accelerating their purchases of Bitcoin, according to CryptoQuant. 

These Bitcoin whale addresses are primarily linked to spot Bitcoin (BTC) exchange-traded funds, MicroStrategy and custodial wallets, according to CryptoQuant’s Ki Young Ju, who explained that whales “frequently use privacy transactions” to transfer their funds to new institutional investors in a Dec. 26 X post.

CoinJoin transactions pool inputs and outputs from several parties in a way that obfuscates who might own an unspent transaction output.

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

US government selling Bitcoin is a ‘huge strategic mistake,’ say observers

December 3, 2024 Coin Telegraph

Bitcoin

“There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said Space Force Major Jason Lowery.

Crypto industry executives and observers were quick to point out the folly of the United States government’s decision to transfer $1.9 billion of Bitcoin to Coinbase.

“This is a huge strategic mistake. There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” Jason Lowery, a United States Space Force major and author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, said on Dec. 3. 

“They have no idea what they own, and it shows,” he added: 

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

DOJ Targets Crypto Exchange Accused of Silk Road Money Laundering, Operator Faces Prison Time

October 29, 2024 Bitcoin.com

bitcoin.com

A crypto exchange tied to Silk Road and alleged money laundering schemes now has its operator facing serious federal charges and prison time. Silk Road Connections Resurface as DOJ Targets Crypto Tycoon in $30M Scandal The U.S. Department of Justice (DOJ) announced on Monday that a federal grand jury in Indianapolis has indicted Maximiliano Pilipis, […]

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

Hacker Plunders $20,000,000 Worth of Crypto From Wallet Affiliated With the US Government: Arkham

October 25, 2024 The Daily Hodl

Arkham

A hacker plundered $20 million worth of crypto from a wallet affiliated with the US government, according to the digital asset deanonymizing platform Arkham. Arkham notes the exploiter stole the crypto from a government address affiliated with funds seized from hackers who hit the exchange Bitfinex in 2016. The government address hacker stole $20 million […]

The post Hacker Plunders $20,000,000 Worth of Crypto From Wallet Affiliated With the US Government: Arkham appeared first on The Daily Hodl.

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

Donald Trump Reaffirms Promise to Commute Ross Ulbricht’s Sentence

October 3, 2024 Bitcoin.com

Bitcoin conference

Former President Donald Trump once again affirmed his intention to commute Ross Ulbricht’s sentence, the founder of the darknet marketplace Silk Road. On Truth Social, Trump shared a post featuring Ulbricht discussing his 12th year in prison, and Trump declared in all capital letters, “I WILL SAVE ROSS ULBRICHT!” Petition for Ross Ulbricht’s Freedom Gathers […]

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

Massive $593.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase Prime

August 14, 2024 Bitcoin.com

Arkham Intelligence

A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just […]

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

US Government Moves Over 29,799 Bitcoin (BTC) Worth $2,020,000,000 – Here’s Where It’s Headed

July 31, 2024 The Daily Hodl

Arkham Intelligence

The US government has reportedly moved more than $2 billion worth of Bitcoin (BTC) seized from the illicit online marketplace known as the Silk Road. The blockchain de-anonymizing platform Arkham Intelligence notes the government sent 10,000 BTC worth $669.35 million to one address and 19,800 BTC worth $1.33 billion to another. Arkham says the coin […]

The post US Government Moves Over 29,799 Bitcoin (BTC) Worth $2,020,000,000 – Here’s Where It’s Headed appeared first on The Daily Hodl.

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

US government moves $2 billion in Bitcoin, price dips 1.3%

July 29, 2024 The Crypto Briefing

Bitcoin

Market volatility and investor uncertainty increase as government actions impact Bitcoin prices, highlighting the sensitivity of crypto markets.

The post US government moves $2 billion in Bitcoin, price dips 1.3% appeared first on Crypto Briefing.

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

Trump won’t sell US BTC if elected, what about seized assets?

July 28, 2024 Coin Telegraph

bitfinex

Questions abound concerning the Bitfinex and Silk Road funds if Trump is re-elected.

Donald Trump intends to make the United States the crypto capital of the planet. The former president promised this and more during a rousing speech given at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. But some of the Republican candidate’s comments may have been cause for consternation among cryptocurrency advocates.

While Trump’s speech largely centered on Bitcoin and the community surrounding it being a positive force for America, he did lay out some specifics. Chief among his promises was that the US wouldn’t part with its current Bitcoin stockpile, if he's re-elected.

Per Trump:

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy

US government transfers 4,000 BTC to Coinbase

June 26, 2024 The Crypto Briefing

Bitcoin

The US government allegedly transferred about 3,940 BTC to Coinbase, part of its holdings from the Silk Road seizure.

The post US government transfers 4,000 BTC to Coinbase appeared first on Crypto Briefing.

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MicroStrategy shares plunge 8% after its end-of-year Bitcoin buy