The price of Bitcoin is around $66.500 per coin, showing a 4% drop in the last 24 hours, after reporting on the movement of $2.000 billion in BTC by the US government. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
The United States moves 29.800 BTC from Silk Road
📍The United States government has made a significant transfer of Bitcoin, which has led to a 4% correction in the price of the cryptocurrency. The US government has moved 29.800 BTC, valued at about $2.000 billion, from its wallet containing funds seized from Silk Road to two unknown addresses.
This movement has generated a 4% drop in the price of Bitcoin in the last 24 hours, which currently stands above $66.500, according to data from CoinMarketCap.
According to on-chain data from Arkham Intelligence, the US government wallet distributed the 29.800 BTC to two BTC addresses, sending 10.000 BTC to one of the addresses and 19.800 BTC to the other.
Despite this significant move, the US government still owns more than $12.000 billion in Bitcoin, equivalent to almost 183.440 units of the cryptocurrency.
The recent transaction has left investors speculating whether it is an imminent sale or simply a reallocation of funds.
This event comes shortly after German authorities sold almost 50.000 BTC for more than $2.800 billion, leading the price of Bitcoin to fall to $54.000. The lack of clarity over the reason for the US government's transfer of bitcoins is keeping investors in suspense.
Some experts have also highlighted that these BTC transactions cannot be a coincidence, considering the recent speech given by the country's former president, Donald Trump, during his participation in the Bitcoin 2024 conference. On the other hand, others such as James Seyffart, analyst at Bloomberg ETFs, are commenting on the appointment of Coinbase as a partner of the United States Marshals Service to safeguard and market its digital asset portfolio.
Argentina registers its first company financed with Bitcoin
📍Argentina has marked a milestone by registering its first company with capital in cryptocurrencies, specifically in Bitcoin and USDC. The company was founded with a capital of almost $500, divided between Bitcoin and the USDC stablecoin, after the promulgation of a resolution that allows companies to receive contributions in cryptocurrencies and digital assets.
The Ministry of Justice of Argentina reported that the cryptocurrencies used for this procedure were transferred to custody wallets in nationally registered exchanges, because, for the registration to be successful, the company's capital must be available to be seized under the law. Argentina.
Bitcoin activist Adam Dubove explained on their social networks that, despite the milestone represented by the registration of this first company financed with cryptocurrencies in the country, it was only possible to integrate the company's capital using IOUs from the exchanges, and not with Bitcoin directly.
Still, it represents an important advance that reflects the modernization of the Argentine legal framework to open up to new emerging technologies and cryptocurrencies.
Senator Gary Peters emerges as Kamala Harris' favorite
📍According to a report from Axios, Senator Gary Peters of Michigan has emerged as a strong candidate to be Vice President Kamala Harris' running mate in the upcoming election. According to the outlet, sources close to the Harris campaign revealed that unions are quietly pushing for Peters' inclusion in the vice presidential selection process.
The news is relevant to the world of cryptocurrencies considering its history of rejection and resistance to this financial innovation.
In 2021, Peters promoted research into the role of cryptocurrencies in ransomware attacks, stating that these digital assets are one of the favorite means of cybercriminals.
On the other hand, the group Stand With Crypto assured that Peters is firmly opposed to cryptocurrencies, although he highlighted his support for the resolution to repeal the SEC regulation SAB-121, which prevents regulated banks from offering custody services for this class. of digital assets.
El Salvador proposes to Russia to trade with Bitcoin
📍El Salvador, a pioneer country in the adoption of Bitcoin, has expressed its interest in using the cryptocurrency for commercial transactions with Russia. This proposal, announced by Alexander Ilyukhin, representative of the Russian embassy in El Salvador, arises as an alternative to overcome the payment difficulties faced by the Central American country due to its use of the US dollar as its official currency.
Although the current trade volume between both countries is minimal, this initiative symbolizes the search for alternatives to traditional financial systems, especially in the context of international sanctions.
Experts point out that, although the immediate impact is limited, the proposal reflects a growing trend towards de-dollarization and the adoption of digital assets in international trade. Other countries, such as India and BRICS members, are also exploring the use of digital currencies for international payments, which could reshape the global financial landscape.
BlackRock warns of cryptocurrency scams after the rise of spot ETFs
📍BlackRock has issued a warning about the growing number of scams related to cryptocurrencies, linking this rise to the recent rise of cryptocurrency exchange-traded funds (ETFs).
According to the investment asset manager, scammers are using its name to deceive investors, directing them to fake websites or social media platforms with promises of high returns. The firm emphasized that none of its executives will contact people on social networks with financial offers about any of its products.
“We urge caution when dealing with people, websites or social media platforms that use our brand and offer training or investments. “BlackRock and our company executives never contact anyone via any social media platform (including WhatsApp and Telegram) with investment offers or to request payments of any kind.”BlackRock reported.
This advisory comes at a time when cryptocurrency ETFs, such as BlackRock's iShares Bitcoin Trust (IBIT), are experiencing unprecedented growth.
IBIT has accumulated more than $22.000 billion in Bitcoin since its launch in January 2024, becoming one of the largest and fastest-growing exchange-traded funds in the world.
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