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Bitcoin Declines After U.S. Transfers $240M of Silk Road-Linked BTC to Coinbase

By FXCOINZ Editorial

27/06/2024

Bitcoin (BTC) dropped towards $60,000 after the U.S. Government moved approximately $240 million worth of seized BTC to a Coinbase Prime address, raising concerns among traders about a potential sale. This transfer involved around 3,940 bitcoin originally seized from Silk Road vendor Banmeet Singh during his January 2024 trial.

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Bitcoin Approaches $65,000 Amid Crypto Market Recovery

By FXCOINZ Editorial

06/05/2024

Robert Mitchnick, BlackRock’s head of digital assets, revealed that the asset manager has been actively engaging with pension funds, endowments, and sovereign wealth funds to provide education about the newly introduced spot bitcoin ETF products.