{"id":14715,"date":"2024-06-26T15:55:14","date_gmt":"2024-06-26T12:55:14","guid":{"rendered":"https:\/\/forklog.com\/en\/german-authorities-transfer-36-million-in-bitcoin-to-trading-platforms\/"},"modified":"2024-06-26T15:55:14","modified_gmt":"2024-06-26T12:55:14","slug":"german-authorities-transfer-36-million-in-bitcoin-to-trading-platforms","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/german-authorities-transfer-36-million-in-bitcoin-to-trading-platforms\/","title":{"rendered":"German Authorities Transfer $36 Million in Bitcoin to Trading Platforms"},"content":{"rendered":"<p>On June 26, Bitcoin wallets associated with the German government transferred 595.3 BTC, valued at approximately $36.65 million, to cryptocurrency trading platforms, according to data from <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/germany\">Arkham<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/German-Government-BKA-Google-Chrome-1.webp\" alt=\"German-Government-BKA-Google-Chrome-1\" class=\"wp-image-235713\"\/><figcaption class=\"wp-element-caption\">Data: Arkham.\u00a0<\/figcaption><\/figure>\n<p>Of this amount, 125 BTC each were sent to the cryptocurrency exchanges Bitstamp and Kraken. Following a test transaction of 0.001 BTC, a transfer of 345.3 BTC was made to the address of market maker Flow Traders.<\/p>\n<p>Arkham specialists also noted a transaction of 500 BTC to a wallet whose ownership they had not identified at the time of writing.<\/p>\n<p>Experts from the company speculate that these coins were <a href=\"https:\/\/forklog.com\/en\/news\/german-authorities-seize-nearly-50000-btc-from-pirates\">seized<\/a> by law enforcement in January from the administrators of the pirate movie site Movie2k. Initially, the wallets controlled by the Federal Criminal Police Office of Germany (BKA) held 50,000 BTC.<\/p>\n<p>The authorities began actively moving cryptocurrency on June 19, when a portion was first sent to the Kraken and Bitstamp exchanges. The community linked potential asset sales to a &#8220;slight drop&#8221; in price.\u00a0<\/p>\n<p>On June 25, the BKA sent 200 BTC each to Coinbase and Kraken.<\/p>\n<p>According to Arkham, the agency still holds 45,264 BTC valued at $2.78 billion.<\/p>\n<p>In the last 24 hours, the price of Bitcoin has remained largely unchanged, trading at around $61,400, an increase of 0.5% (<a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>). However, amid the BKA&#8217;s transfers, there were dips in the rate to around $61,200.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"617\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-06-26_15-28-33-1024x617.png\" alt=\"BTCUSDT_2024-06-26_15-28-33\" class=\"wp-image-235712\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-06-26_15-28-33-1024x617.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-06-26_15-28-33-300x181.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-06-26_15-28-33-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSDT_2024-06-26_15-28-33.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart from Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In the United States, the government has faced accusations of &#8220;squandering&#8221; Bitcoin from the national reserve, which was supposed to exceed 400,000 BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 26, Bitcoin wallets associated with the German government transferred 595.3 BTC, valued at approximately $36.65 million, to cryptocurrency trading platforms, according to data from Arkham. Data: Arkham.\u00a0 Of this amount, 125 BTC each were sent to the cryptocurrency exchanges Bitstamp and Kraken. Following a test transaction of 0.001 BTC, a transfer of 345.3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,109],"class_list":["post-14715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-germany"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14715"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14714"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}