We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
Yesterday, approximately $425 million worth of Bitcoin (BTC) was partially transferred to cryptocurrency exchanges.
According to records from blockchain analysis company Arkham, this transaction was carried out by a government agency in Germany.
Thousands of Bitcoins Transferred
An address that Arkham labeled as the Federal Criminal Police Office in Germany first transferred 6,500 Bitcoin (BTC) to an address with the code “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd”. These BTCs were later sent back to the same address.
According to blockchain data, approximately $32 million worth of Bitcoin was sent to the Kraken exchange. It was also determined that a similar amount of Bitcoin was transferred to Bitstamp.
Kraken exchange had recently come to the fore with its security vulnerability.
Can Create Sales Pressure
According to the statements of Arkham CEO Miguel More, these transfers may create a sales pressure in the market.
Stating that, according to Arkham data, $130 million worth of Bitcoin was sent from this wallet to "service wallets", More said that this indicates that the German police intend to sell these BTCs soon.
According to Arkham's records, the German Federal Criminal Police Office seized approximately 50 thousand Bitcoins from the pirated movie site Movie2k.to, which was active in 2013. These Bitcoins were "voluntarily" handed over to the German police in January. Their value at that time was more than 2 billion dollars.
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