US Government to Sell $116M in Bitcoin:
The US government has announced that it will auction off $116 million in Bitcoin. This Bitcoin was seized from a darknet dealer known as ‘Xanaxman’. The auction represents one of the largest public sales of Bitcoin to date. The proceeds from the auction will go towards various government initiatives. This event highlights the ongoing issue of illegal activities facilitated by cryptocurrencies. It also underscores the government’s commitment to regulating and monitoring cryptocurrency transactions.
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