German Federal Police Transfers $24 Million in Bitcoin to Kraken and Coinbase
The German Federal Criminal Police Office (BKA) has transferred $24 million in Bitcoin to crypto exchanges Kraken and Coinbase, with an additional $30 million worth of BTC moved to a new wallet. These transfers follow previous movements of $195 million in BTC sent to exchanges on June 19 and 20. The BKA's wallet has not been tagged as an exchange, and the transfers may indicate an intention to sell the assets. However, a $24 million bitcoin sale is relatively small compared to the $40 billion worth of BTC exchanged in the past 24 hours, and the amount is unlikely to immediately move prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Hackers Breach India’s Supreme Court YouTube Channel
Rexas Finance (RXS) Addresses Market Problems of Real-World Assets Tokenization
MicroStrategy Buys 7,420 Bitcoins Shortly After $1.01B Debt Offering
Indian Supreme Court’s YouTube Channel Hacked to Promote Crypto Scam