Ethereum News Daily Official TheBitTimes.com

The US government has acquired a significant amount of Bitcoin through various seizures and transfers over the years. Court filings indicate that as of March 27, the US government held over 205,000 BTC, making it the largest known holder of the cryptocurrency. Among these seizures, a substantial amount was obtained from an individual, referred to as X, who had connections to the Silk Road marketplace. This resulted in the US government acquiring 69,369 BTC. Additionally, a further 50,000 bitcoin s were seized from James Zhong, who is also linked to the Silk Road. Also read: Pepe Coin Price Plunges By 17% Amidst Sell-Off The US government sold 9,861 Bitcoin in March. Now, according to the latest data, the two wallets that belong to the US government have transferred Bitcoin worth over $300 million. Source: Blockchain.com US government moves Bitcoin worth over $300 million According to the on-chain data, over $300 million worth of BTC was moved in three s...

The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said. The United States must implement Stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of Stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance: “We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on ...