10K Silkroad Bitcoins in the hands of the US Government have | Laraxen on Binance Square

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10K Silkroad Bitcoins in the hands of the US Government have been moved to a new wallet.
The buyer wallet has not yet been tagged on the chain, but Whale Alert shows that the wallet is owned by Coinbase.
#us  $BTC 

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$1.7 billion Bitcoin changed hands in 3 days, reserves returned to 2018 Bitcoin miners sold 30 thousand BTC in the last three days. The amount of BTC in cryptocurrency exchanges also decreased to the November 2018 level. On the other hand, fixed coin reserves are increasing. While Bitcoin was going back and forth between 53 thousand and 58 thousand dollars, it was sold at an unprecedented rate by miners. According to the data provided by Santiment, the BTCs in the hands of Bitcoin miners have decreased from about 2.17 million to 2.14 million since August 8. In other words, 30 thousand BTC (about 1.7 billion dollars) changed hands. On the other hand, the amount of Bitcoin held in cryptocurrency exchanges has also decreased significantly in recent days. This amount, which is 2 million 627 thousand, has decreased to 2 million 588 thousand as of today. Thus, the number of BTCs coming out of the exchanges since September 8 has reached 40 thousand (about 2 billion 250 million dollars). In addition, the number of BTC in the stock exchanges was so low in the last November 2018 period. The amount of Bitcoin held on cryptocurrency exchanges is at its lowest level since November 2018. Source: CryptoQuant The fall in stock market reserves is considered as a bullish signal. This means that investors tend to hold Bitcoin long-term. Therefore, while the circulating supply decreases, it creates an upward pressure potential on this price. Fixed coin reserves are also increasing While Bitcoin reserves in stock exchanges are decreasing, fixed coin reserves ready to buy are increasing. USDT ERC-20 reserves, which were 22 billion dollars last week, increased by another 200 million dollars to 22.2 billion dollars. USDC ERC-20 reserves increased by 800 million dollars in the same period.

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JUST IN: 🇬🇧 The UK passes a new law recognizing Bitcoin and other digital assets as personal property, enhancing the legal protection of Bitcoin holders in the country.

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What will the Fed do after the inflation data: It fell more than ever seen recently The fact that the inflation figures announced in the USA came at the expected level also significantly increased the expectation of a 25 basis point discount in the markets. The 50 basis point discount expectation rate fell more than ever seen in the recent period and fell to 17% in the CME. The inflation data for August in the USA came within expectations. This situation has enabled the view that the economy has cooled down sufficiently and the possibility of recession is far from taking place in the markets. In addition, inflation in the USA has decreased in the last 5 consecutive months. 25 basis points increased to 83% In the CME Fed Watch Tool, where the Fed's interest rate decision expectation in the futures markets is priced, the expectation of a 25 basis point discount from the interest rate meeting on September 18 increased to 83%. The expectation of a discount of 50 basis points decreased to more than the recent period and decreased to 17%. Bitcoin price did not play After the announcement of the inflation data, it was also noteworthy that there was almost no change in the price of Bitcoin. The largest cryptocurrency is trading at $56,600 in the minutes when the news was written. Paul Ashworth, an analyst at Capital Economics, said in a customer note he shared, “We think the Fed will start its interest rate-cut policy with a 25 basis point discount. It is a high level that core inflation is 3.2 percent... This is due to a 5.2% increase in housing costs," he said. Citi says "First 25, then 2 50" On the other hand, Citibank shared an analysis stating that it expects discounts of 50 basis points in September 25 and in November and December.

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US inflation data was announced as 2.5 percent. The expectation was 2.5 percent. While monthly core inflation was expected to be 0.2 percent, it was 0.3 percent.

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ENS move from PayPal, which started the 2021 bull: Millions will be able to pay Two major US payment companies PayPal and its subsidiary Venmo have added Ethereum Name Service (ENS) support to their systems. Now millions of users will be able to send cryptocurrencies to each other through ENS names. In November 2020, PayPal, which opened its cryptocurrency services to its US customers and had a major share in the start of the bull season of the period, and its subsidiary Venmo, announced their support for ENS. According to the statement made by ENS Labs, the company behind the Ethereum Name Service (ENS), US PayPal and Venmo users will now be able to send them cryptocurrencies by typing the recipient's ENS name. The system will automatically recognize the ENS name. The introduction of such features will also significantly reduce the errors made in crypto submissions. In general, in such transfers, either long addresses have to be written or a QR code must be scanned manually. Fraudsters even occasionally include some worthless cryptocurrencies in their transaction history by sending them to their user wallets. The wallet owner, on the other hand, sends money to the fraudster who made that worthless transfer to him when he sends over the last transactions without looking at the entire address. Here are the short and simple solutions in ENS style, preventing big mistakes. Khori Whittaker, CEO of ENS Labs, said in a statement, "With such improvements, we want to ensure that cryptocurrencies are mainstream and can be transferred more comfortably." ENS Labs also signed an agreement with domain name acquisition company GoDaddy in February, allowing ENS addresses to be integrated with “.com” style web addresses.

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