Breaking News: ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️German Government Sells 700 Bitcoins Amidst Calls to Halt Liquidation

The German government has made a significant move in the cryptocurrency market, selling 700 Bitcoins despite calls from parliament member Joana Cotar to stop liquidating its Bitcoin holdings. Cotar argues that Bitcoin can hedge against inflation and promote economic sovereignty and innovation. However, the government has already sold approximately $819 million worth of Bitcoin and still holds around $2.3 billion worth. This selling spree may exert further pressure on the volatile cryptocurrency market.

The Bitcoins originated from the seizure of assets from a website shut down in 2013 for pirating media content. German authorities confiscated 50,000 Bitcoins from one of the site's operators. This development highlights the intersection of law enforcement, digital assets, and financial markets, sparking ongoing debates over cryptocurrency use and regulation.

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