search
Homeweb3.0German Law Enforcement Continues to Offload Bitcoin Seized From Movie Piracy Site Movie2k

Thelatesttransfers,totaling250BitcoinBTC/USD($15.4million),weresenttocryptocurrencyexchangesBitstampandKrakenonWednesday

German Law Enforcement Continues to Offload Bitcoin Seized From Movie Piracy Site Movie2k

**German law enforcement is continuing to sell off the Bitcoin (CRYPTO: BTC)** that was seized from the defunct movie piracy site Movie2k earlier this year. The latest transfers, which were spotted on Wednesday by Arkham Intelligence, include 250 Bitcoin, which is currently valued at **$15.4 million**. The funds were sent to cryptocurrency exchanges Bitstamp and Kraken.

These latest transfers follow a series of similar transactions over the past week, with a total of roughly $150 million** in Bitcoin being moved to exchange wallets. An additional **$147 million has been sent to an unidentified address labeled “139Po” by Arkham, which could potentially be another exchange. The identity of the “139Po” address remains a mystery. While it's possible this could be another exchange, it raises questions about the ultimate destination of these funds.

Analysts are watching these developments closely, concerned about the potential impact on the Bitcoin price. The price dipped briefly below $60,000 this week following the news of the German sell-off, and is currently down around 6% since these transfers began.

Adding to the market uncertainty is the upcoming distribution of Bitcoin and Bitcoin Cash from the collapsed Mt. Gox exchange. This massive influx of around $9 billion worth of cryptocurrency is expected to start in July, and could put further downward pressure on prices.

Despite these sales, Germany remains one of the largest sovereign holders of Bitcoin globally, with current holdings estimated at around 45,609 BTC (worth roughly $2.8 billion). The United States, China, and the United Kingdom hold significantly larger reserves.

For more insights and discussions on the impact of these developments on the digital asset market, join industry leaders at Benzinga's Future of Digital Assets event on Nov. 19.

The above is the detailed content of German Law Enforcement Continues to Offload Bitcoin Seized From Movie Piracy Site Movie2k. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Bitcoin Is Growing on the Back of DXY, Which Has Been Showing 99.86Apr 12, 2025 am 11:42 AM

We all watched Bitcoin decline after the massive tariffs imposed by Donald Trump and rebound when he eased them for everyone but China.

A Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsA Step-by-Step Guide for Developers Building Multi-Chain Crypto AppsApr 12, 2025 am 11:40 AM

In today's fast-paced blockchain world, building a crypto application that seamlessly interacts with multiple networks shouldn't take hours or require juggling endless APIs.

Can Cardano (ADA) Really Hit $2 in 2025?Can Cardano (ADA) Really Hit $2 in 2025?Apr 12, 2025 am 11:38 AM

The crypto market is showing positive signs right now. The total market is worth $2.6 trillion, up 0.36%. Bitcoin trades just under $83,000, up 2.27%, while Cardano ADA sits at $0.6268, up 1.79%.

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000Apr 12, 2025 am 11:36 AM

Bitcoin prices fell below a key psychological threshold on Monday, dipping to $79,000 in the afternoon. Although recovering some of its earlier losses

FARTCOIN Price Prediction:  Can This Meme Coin's Price Continue Its 250% Surge?FARTCOIN Price Prediction: Can This Meme Coin's Price Continue Its 250% Surge?Apr 12, 2025 am 11:34 AM

FARTCOIN has been one of the standout performers in the meme coin space, with its price soaring nearly 250% over the last 30 days.

Bitcoin (BTC) Price Risks Drop To $74,000 If This HappensBitcoin (BTC) Price Risks Drop To $74,000 If This HappensApr 12, 2025 am 11:32 AM

Crypto analyst Saeed has outlined a bearish case for the Bitcoin price, predicting that it could still drop to as low as $74,000.

Grayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsGrayscale Adds New Altcoins to Q2 Watchlist, Eyes Future Investment ProductsApr 12, 2025 am 11:30 AM

Grayscale Investments has released its updated “Assets Under Consideration” list for Q2 2025, highlighting a new batch of altcoins that may be featured in future crypto investment products.

Coldware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpColdware (COLD) Remains Committed to Decentralization as the World of Cryptocurrency Regulation Heats UpApr 12, 2025 am 11:28 AM

The world of cryptocurrency regulation is heating up, with the SEC actively seeking advice from major players like Uniswap (UNI) and Coinbase.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),