Government Bitcoin – DIGIT INFO

German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows

DIGIT — Thu, 04 Jul 2024 23:16:21 +0000

The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s BTC liquidation, Tron founder Justin Sun has offered to purchase the remaining […]

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US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

DIGIT — Sun, 26 Mar 2023 16:30:44 +0000

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million […]

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US Lawmaker Warns Treasury Secretary and Fed Chair Not to Ignore Bitcoin or America Will Fall Behind

DIGIT — Sun, 18 Apr 2021 21:15:53 +0000

Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries. Government and the Fed Should Not Ignore Bitcoin GOP leader Kevin McCarthy […]

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‘Big Short’ Investor Michael Burry Warns Governments Could ‘Squash’ Bitcoin

DIGIT — Mon, 22 Feb 2021 00:30:03 +0000

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned that governments could “squash” bitcoin in an inflationary crisis. Expecting more massive stimulus from the government, he said to “prepare for inflation.” Michael Burry Shares His View on Bitcoin American investor Michael Burry has warned that governments could “squash” bitcoin and […]

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Indian Government Reveals Inspection of Bitcoin Businesses, Informs Parliament of Results

DIGIT — Wed, 18 Mar 2020 05:47:13 +0000

The government of India has informed Lok Sabha, the lower house of parliament, about the Ministry of Corporate Affairs’ inspection of cryptocurrency businesses. Minister of State for Finance and Corporate Affairs Anurag Singh Thakur provided details of two companies in particular. This follows the landmark ruling by the country’s supreme court which quashed the banking […]

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