The German government has made a new crypto transfer that has rattled the crypto market
According to blockchain analytics platform Lookonchain, it transferred another 700 Bitcoins just hours ago.
The recent transfer comes after Joana Cotar, an independent member of the German parliament, urged the government to stop liquidating the remaining Bitcoin holdings. The cryptocurrency-friendly politician argued that the largest coin could potentially serve as an inflation hedge while also promoting economic sovereignty and innovation. Lookonchain has estimated that the German government has already transferred a whopping $819 million worth of Bitcoin. It continues to hold roughly $2.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German MP urges government to stop ‘hasty’ Bitcoin sell-offOne of Germany’s Bitcoin-friendly MPs, Joana Cotar, has called on the country to stop its Bitcoin selling spree as it could be used as a 'strategic reserve currency.”
Read more »
German MP Urges Government to Stop Selling BitcoinCan you please stop selling? A German MP has urged the government to hodl Bitcoin
Read more »
Chris Martin stops Coldplay show after comic tries to rush stage wrapped in Israeli flagColdplay's Chris Martin tells his bandmates to 'stop, stop, stop, stop, stop' after a man tries to rush the concert stage in Greece wrapped in an Israeli flag.
Read more »
German government sends another $15 million in bitcoin to Bitstamp and Kraken: ArkhamThe German government appeared to send another 250 BTC ($15.4 million) to Bitstamp and Kraken on June 26, according to Arkham.
Read more »
German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: ArkhamShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
German government sends further $24 million in bitcoin to Coinbase and Kraken: ArkhamThe government began sending assets to crypto exchanges last week following the seizure of 50,000 BTC from piracy site Movie2k in January.
Read more »