US Govt Could Be World’s Largest BTC Reserve Owing to Seizures from Silk Road, Bitfinex Hack

US Govt Could Be World’s Largest BTC Reserve Owing to Seizures from Silk Road, Bitfinex Hack

Bitcoin holdings in the US Treasury has risen exponentially in recent years, making the US government reportedly the largest BTC reserves in the world. Owing to three big seizures from criminal cases, the US Treasury is estimated to be in possession of at least 194,188 BTC tokens. Presently, with Bitcoin…

Over 50,000 BTC Worth Over $1 Billion Recovered from Silk Road Darknet Debacle

Over 50,000 BTC Worth Over $1 Billion Recovered from Silk Road Darknet Debacle

The US authorities have declared one of their largest ever crypto recoveries after they managed to unearth 50,676 Bitcoins related to the infamous dark-web marketplace, Silk Road. The amount of the recovered Bitcoin comes close to the valuation of $1.04 billion (roughly Rs. 8,228 crore) at the time of writing….