tl;dr
The United States government transferred 10,000 Bitcoin, valued at nearly $594 million, from the Silk Road dark web marketplace to a Coinbase wallet. It is uncertain whether the U.S. plans to sell or hold the assets. This follows a previous transfer of approximately $2 billion worth of Silk Road Bit...
The United States government made a significant move, transferring 10,000 Bitcoin, valued at nearly $594 million, from the Silk Road dark web marketplace to a Coinbase wallet. This action follows a previous transfer of approximately $2 billion worth of Silk Road Bitcoin in late July. It remains uncertain whether the U.S. plans to sell or hold the assets.
The U.S. government may have moved the seized assets to a new custody location after awarding Coinbase Prime a contract to manage and dispose of its large-cap cryptocurrency assets. The government declined to comment on the matter.
Silk Road, an illicit Internet marketplace shut down by authorities in 2014, has had its seized digital assets periodically sold by U.S. authorities.
Bitcoin's price has since dipped, with CoinGecko data showing it is now trading for $59,300—a 3% dip over the past 24 hours.
Such large shifts of cryptocurrency often pique investors' interest and prompt speculation about future outcomes. Last month, the U.S. Marshals Service (USMS) awarded Coinbase Prime a contract to manage and dispose of its large-cap cryptocurrency assets, suggesting that the U.S. government may simply be relocating the seized assets to a new place of custody.
When Decrypt reached out with questions, the U.S. government refused to comment on its plans for the seized assets.
Silk Road was an Internet marketplace that allowed users to buy goods like illegal drugs via the anonymous Tor network. Its customers used cryptocurrencies like Bitcoin to make purchases. The website was shut down in 2014, and the digital assets the platform had received were seized by authorities. U.S. authorities have sold portions of the seized Bitcoin over the years.
More about Emeren Group Ltd
Stock Analysis Summary Stock Analysis Summary
Company: ReneSola Ltd
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 76320000
Dividend Yield: None
EPS: -0.68
PE Ratio: 1.918
ROE: -0.127
Volume: 106582000
50-Day Moving Average: 4.38
200-Day Moving Average: 3.42
Relative Strength Index (RSI): 0.148
More about AT&T Inc
AT&T Inc. is an American multinational conglomerate holding company, Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company and the second largest provider of mobile telephone services.
Sector: Technology
Industry: Telephone Communications (No Radiotelephone)
Market Cap: 139.96 billion
Price: $11.22
Change: $1.11
Change (%): 1.74%
PE Ratio: 16.99
EPS: $0.104
Revenue: 122.20 billion
Dividend Yield: 21.1%
Beta: -0.197
Volatility (Month): -0.004