Germany | ForkLog

ForkLog 27 17.07.2024

Germany Reveals Proceeds from Bitcoin Sale

Following an “emergency sale” of 49,858 BTC, the German government managed to secure an “unprecedented” €2.6 billion ($2.88 billion). This was reported by Decrypt, citing a press release from the local prosecutor’s office. The assets in question were seized from the pirate portal Movie2k in January. At that time, their value was approximately $2.17 billion. […]

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ForkLog 4 17.07.2024

Glassnode Assesses Impact of ETF Flows, Mt.Gox Payouts, and German Government Actions

The Bitcoin market has absorbed 48,000 BTC linked to the German government and is anticipating further sales from Mt.Gox clients. Analysts at Glassnode have examined these factors, as well as the role of ETFs. The #Bitcoin market recently absorbed over 48k BTC in sell-side sourced from the German Government. With Mt Gox distributions also on […]

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ForkLog 12 17.07.2024

Alleged Trickbot Hacker Arrested in Moscow

On July 15, an alleged member of the hacker group behind the Trickbot botnet was detained in Moscow at the request of Interpol, according to the Telegram channel Baza. According to available information, 37-year-old Fedor A. is wanted by German authorities. In addition to his connection with Trickbot, he is suspected of organizing criminal and […]

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ForkLog 12 13.07.2024

Michael Saylor Urges Germany to Retain Bitcoin Holdings

MicroStrategy founder Michael Saylor took to X, posting in German to urge against selling the leading cryptocurrency. Du verkaufst deine #Bitcoin nicht. — Michael Saylor⚡️ (@saylor) July 12, 2024 The post followed reports that Germany’s criminal police and public prosecutor’s office had sold all 49,860 BTC, valued at approximately $2.9 billion, seized from the pirate […]

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ForkLog 9 12.07.2024

German Authorities Offload Additional 2700 BTC

On July 12, a wallet associated with Germany’s Federal Criminal Police Office (BKA) transferred 2700 BTC, valued at $154.59 million, to trading platforms. German Goverment started selling coins on July 12. At 15:02 UTC+8, it transferred a total of 1,200 BTC to Bitstamp, Kraken and Coinbase (400 BTC each), transferred 1,000 BTC to the suspected […]

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ForkLog 12 11.07.2024

German Authorities Liquidate 5627 BTC

On July 11, a wallet associated with the German Federal Criminal Police Office (BKA) transferred 5627 BTC, valued at $328.89 million, to trading platforms. JUST IN: The German Government just sent another 3250 BTC ($191.02M) to Cumberland, Coinbase, Bitstamp, Kraken, 139Po (likely institutional deposit/OTC service), and address bc1qu. So far today, they have transferred a […]

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ForkLog 8 10.07.2024

German Bitcoin Sales Clarified by Expert

Recent reports of Bitcoin sales by German authorities are somewhat misleading. The assets are being sold by the government of the federal state of Saxony, which lacks the capacity to hold the coins, according to CoinDesk. In January, the regional Criminal Police Office seized 49,857 BTC from the administrators of the pirate movie site Movie2k. […]

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ForkLog 5 09.07.2024

German Government Transfers $362 Million in Bitcoin

On July 9, a bitcoin wallet associated with Germany’s Federal Criminal Police Office (BKA) transferred 6306.9 BTC ($362.12 million) to trading platforms. TODAY: German Government selling up to 6306.9 BTC ($362.12M) In the past 3 hours, the German Government has sent 6306.9 BTC ($362.12M) to Kraken, Cumberland, 139Po (likely institutional deposit/OTC service) and address bc1qu. […]

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ForkLog 4 08.07.2024

German Authorities Continue Bitcoin Transfers to Exchanges

On July 8, a bitcoin wallet associated with Germany’s Federal Criminal Police Office (BKA) transferred 500 BTC (~$27.9 million) to centralized exchanges. The #German government transferred 1,000 $BTC($55.8M) out again 15 minutes ago, of which 500 $BTC($27.9M) was deposited to #Coinbase and #Bitstamp. The #German government currently holds 38,826 $BTC($2.17B).https://t.co/h2JlBVFPsL pic.twitter.com/NS5pkMixrj — Lookonchain (@lookonchain) July […]

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ForkLog 4 05.07.2024

German Bundestag Criticizes Government’s Bitcoin Sale

The sale of seized bitcoins by Germany’s Federal Criminal Police Office (BKA) is counterproductive, according to Bundestag member Joana Cotar. Statt #Bitcoin als strategische Reservewährung zu halten, wie es in den USA bereits debattiert wird, verkauft unsere Regierung im großen Stil. Ich habe @MPKretschmer, @c_lindner & @Bundeskanzler @OlafScholz darüber informiert, warum dies nicht nur nicht […]

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ForkLog 6 04.07.2024

German Authorities Transfer 1300 BTC to Major Exchanges

On July 4, a Bitcoin wallet associated with Germany’s Federal Criminal Police Office (BKA) transferred 1300 BTC (~$75.5 million) to centralized exchanges, according to data from Arkham. Data: Arkham. Of the total amount, German authorities sent 400 BTC each to Coinbase and Kraken, and 500 BTC to Bitstamp. An additional transfer of 1700 BTC was […]

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ForkLog 3 02.07.2024

German Authorities Transfer 282.74 BTC to Major Exchanges

On June 2, Germany’s Federal Criminal Police Office (BKA) transferred 282.74 BTC (approximately $17.6 million) to Coinbase, Bitstamp, and Kraken. The transaction was observed on Arkham. Three hours later, the administrators moved an additional 361.8 BTC (around $22.65 million) to the address of market maker Flow Traders. Over the past month, coins worth approximately $193 […]

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#Germany