German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: Arkham
Tuesday’s movements come days after the entity shifted $425 million among wallets, with some bitcoin transferred to exchanges.
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Tuesday’s movements come days after the entity shifted $425 million among wallets, with some bitcoin transferred to exchanges.
The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July.
The defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack.
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.
The CoinDesk 20 index, which tracks major tokens minus stablecoins, slumped just over 4%.
Dismal bitcoin price action has apparently caused crowd sentiment for four straight weeks, a sign that may spell relief for bulls in the near term.
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.
The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site.