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German Authorities Seize $2.17 Billion in Bitcoin from Alleged Movie Streaming Scammers. 🇩🇪🪙
In a groundbreaking move, German law enforcement has confiscated an impressive 50,000 Bitcoin (BTC), equivalent to $2.17 billion, in a major crackdown on illegal movie streaming.
The focus of the investigation revolves around two individuals, a 40-year-old German and a 37-year-old Polish, suspected of operating a piracy portal until May 2013. Allegedly, the duo used the proceeds from their illegal activities to amass a substantial amount of Bitcoin. This marks the most extensive cryptocurrency seizure in Germany to date.
The roots of this operation trace back to the notorious illegal streaming site Movie2k.to, accused of distributing over 880,000 pirated films from 2008 to May 2013. The accused pair is said to have funded their Bitcoin holdings through advertising fees and subscriptions garnered during the site's operation.
As of now, the two suspects remain uncharged, and the investigation is ongoing. The possibility of an indictment leading to the investigation's closure has been indicated by Patrick Pintaske, spokesman for the Dresden Public Prosecutor General’s Office.
On January 31st, high-net-worth Bitcoin traders orchestrated significant transactions, moving a staggering $4.5 billion worth of Bitcoin. Notable among these was a whale transferring 35,049 BTC, valued at $1,518,020,170, from an unknown wallet to another.
Various transactions involving thousands of BTC occurred between unknown wallets and major exchanges like Coinbase, Gemini, Paypal, Binance, and Kraken.
Bitcoin is currently trading at $43K, reflecting a 2% decrease in the last 24 hours and a 12% decrease from its 30-day high on January 11th.
#Germany #German #Write2Earn #TrendingTopic #BTC
In a groundbreaking move, German law enforcement has confiscated an impressive 50,000 Bitcoin (BTC), equivalent to $2.17 billion, in a major crackdown on illegal movie streaming.
The focus of the investigation revolves around two individuals, a 40-year-old German and a 37-year-old Polish, suspected of operating a piracy portal until May 2013. Allegedly, the duo used the proceeds from their illegal activities to amass a substantial amount of Bitcoin. This marks the most extensive cryptocurrency seizure in Germany to date.
The roots of this operation trace back to the notorious illegal streaming site Movie2k.to, accused of distributing over 880,000 pirated films from 2008 to May 2013. The accused pair is said to have funded their Bitcoin holdings through advertising fees and subscriptions garnered during the site's operation.
As of now, the two suspects remain uncharged, and the investigation is ongoing. The possibility of an indictment leading to the investigation's closure has been indicated by Patrick Pintaske, spokesman for the Dresden Public Prosecutor General’s Office.
On January 31st, high-net-worth Bitcoin traders orchestrated significant transactions, moving a staggering $4.5 billion worth of Bitcoin. Notable among these was a whale transferring 35,049 BTC, valued at $1,518,020,170, from an unknown wallet to another.
Various transactions involving thousands of BTC occurred between unknown wallets and major exchanges like Coinbase, Gemini, Paypal, Binance, and Kraken.
Bitcoin is currently trading at $43K, reflecting a 2% decrease in the last 24 hours and a 12% decrease from its 30-day high on January 11th.
#Germany #German #Write2Earn #TrendingTopic #BTC
1. **Spot ETF Outflow Streak Leaves BTC at Sub-$65,000**:
- US private-sector PMIs on June 21 could impact September Fed rate cut bets. A strong US S&P Global Services PMI could extend BTC-spot ETF outflow streak.
2. #Bitcoin Price Update
- Bitcoin (BTC) has lost 0.25% of its value in the last 24 hours and is currently trading at $65,263.49. It's down by 3.08% from last week.
- Ethereum (ETH), the second most popular token, has gained 0.27% from yesterday and is trading at $3,569.21. Over the previous week, it's up by 2.01%. The market capitalization of Ethereum stands at $436.13 billion
3. **German Government’s Bitcoin Transfer and MicroStrategy**:
- MicroStrategy acquired an additional 11,931 BTC, bringing its holdings to 226,331 BTC. Following this move, Bitcoin's price rebounded to $66,000, but FUD from the
#German government's sale of 2,000 BTC may have sent the top digital asset's price back to the $64,000 level.
- US private-sector PMIs on June 21 could impact September Fed rate cut bets. A strong US S&P Global Services PMI could extend BTC-spot ETF outflow streak.
2. #Bitcoin Price Update
- Bitcoin (BTC) has lost 0.25% of its value in the last 24 hours and is currently trading at $65,263.49. It's down by 3.08% from last week.
- Ethereum (ETH), the second most popular token, has gained 0.27% from yesterday and is trading at $3,569.21. Over the previous week, it's up by 2.01%. The market capitalization of Ethereum stands at $436.13 billion
3. **German Government’s Bitcoin Transfer and MicroStrategy**:
- MicroStrategy acquired an additional 11,931 BTC, bringing its holdings to 226,331 BTC. Following this move, Bitcoin's price rebounded to $66,000, but FUD from the
#German government's sale of 2,000 BTC may have sent the top digital asset's price back to the $64,000 level.
⚡️ The #German government's wallet has officially run out of bitcoins. So this factor will no longer influence crypto investors' sentiment.
Now, that's truly great news.
Now, that's truly great news.
Remember these guys #German govt. Selling continuously #btc that's why it's happening.
if you held any position be careful stay alert. we can se more dump till 57k to 56.8k approximately.
Risk takers can put SL at entry point and hold long trade.
$BTC #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike
if you held any position be careful stay alert. we can se more dump till 57k to 56.8k approximately.
Risk takers can put SL at entry point and hold long trade.
$BTC #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike
🇩🇪 Update: The German government is ramping up its Bitcoin sell-off by preparing to offload an additional $342 million worth of $BTC .
German Government Retains Over 40K Bitcoins After Partial Sale, On-Chain Data Reveals
The German government still holds over 40,000 Bitcoins after a recent sale, according to on-chain data. Despite selling a portion of its holdings, the German authorities have retained a significant amount of Bitcoin.
This move highlights the government's ongoing involvement in the cryptocurrency market. The sale and retention of such a large amount of Bitcoin reflect strategic financial decisions and the potential for future actions regarding digital assets.
#GermanyLeading #GermanGovt #German #Write2Earn! #EarnFreeCrypto2024
The German government still holds over 40,000 Bitcoins after a recent sale, according to on-chain data. Despite selling a portion of its holdings, the German authorities have retained a significant amount of Bitcoin.
This move highlights the government's ongoing involvement in the cryptocurrency market. The sale and retention of such a large amount of Bitcoin reflect strategic financial decisions and the potential for future actions regarding digital assets.
#GermanyLeading #GermanGovt #German #Write2Earn! #EarnFreeCrypto2024
The German Federal Financial Supervisory Authority (BaFin) has issued a #cryptocurrency custody license to BitGo
To Know More👇
https://thenewscrypto.com/bitgo-receives-crypto-custody-license-in-germany
#crypto #German
To Know More👇
https://thenewscrypto.com/bitgo-receives-crypto-custody-license-in-germany
#crypto #German
Since June 19, the German Government, the #US Government, and #MtGox have transferred a total of 17,788 #BTC ($1.08B).
In particular, the #German Government has transferred #Bitcoin every day since July 1.
They hold 396,210 BTC ($22.78B) currently.
German Government, 41,226 BTC ($2.28B):
U.S. Government, 213,297 BTC ($11.72B):
Mt. Gox, 141,687 BTC ($7.78B):
In particular, the #German Government has transferred #Bitcoin every day since July 1.
They hold 396,210 BTC ($22.78B) currently.
German Government, 41,226 BTC ($2.28B):
U.S. Government, 213,297 BTC ($11.72B):
Mt. Gox, 141,687 BTC ($7.78B):
The #German government wallet transferred 5,103 $BTC($299.8M) to #Kraken , #Flowtraders ,#Coinbase , #Cumberland , #B2C2Group and an address 20 minutes ago.
The German government currently holds 18,860 $BTC ($1.11B)
Follow me for more News, Onchain Data & Market Analysis + accurate Trades 👍🏼
🙌🙌
The German government currently holds 18,860 $BTC ($1.11B)
Follow me for more News, Onchain Data & Market Analysis + accurate Trades 👍🏼
🙌🙌
The #German #government has started selling #BTC today, transferring out 2,700 BTC ($154.6M) 15 minutes ago.
The #Germangovernment currently holds 6,394 #Bitcoin ($365.86M).
The #Germangovernment currently holds 6,394 #Bitcoin ($365.86M).
In the past 24 hours, the #German #government wallet transferred 10,627 #BTC ($615.3M) out and received 4,169 BTC ($239.6M).
The #Germangovernment may have sold 6,458 #Bitcoin ($375.7M) and currently holds 9,094 BTC ($522.29M).
The #Germangovernment may have sold 6,458 #Bitcoin ($375.7M) and currently holds 9,094 BTC ($522.29M).
🚨BREAKING:
According to Arkham, the German Government transferred a total of 250 BTC to Bitstamp and Kraken at 15:51 UTC+8 (125 BTC each), worth approximately $15.42 million. Since last week, the German Government has transferred a total of 2,350 BTC to CEX.
#CryptoPCEWatch #German #CertiKvsKraken
According to Arkham, the German Government transferred a total of 250 BTC to Bitstamp and Kraken at 15:51 UTC+8 (125 BTC each), worth approximately $15.42 million. Since last week, the German Government has transferred a total of 2,350 BTC to CEX.
#CryptoPCEWatch #German #CertiKvsKraken