Global #US government

Peter Schiff, a renowned economist and vocal Bitcoin critic, has made a surprising statement. In a recent tweet, Schiff humorously proposed that Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin advocate, should purchase the 69,370 Bitcoin that the U.S. government is preparing to sell.

In a significant development for the cryptocurrency landscape, the U.S. government is poised to auction off a staggering 69,370 Bitcoins, valued at approximately $4.4 billion. This auction comes on the heels of a Supreme Court decision not to hear a legal dispute over the ownership of these digital assets, clearing the path for the U.S. Marshals Service to move forward with the sale.

As the 2024 United States general election draws nearer, the role of cryptocurrency, particularly Bitcoin, is gaining increased attention.

Binance, a leading cryptocurrency exchange, is calling on the U.S. government and international bodies to intervene in the case of Tigran Gambaryan, a top executive who has been detained in Nigeria for the past six months.

Recent data from Arkham Intelligence reveals a significant transaction involving 10,000 BTC, valued at approximately $600 million, which has been transferred to Coinbase Prime, the institutional arm of the well-known cryptocurrency exchange.

The cryptocurrency market has once again been rocked by volatility, with a weekend of euphoria giving way to fear as the new week begins. Bitcoin, the flagship cryptocurrency, saw a significant 5.7% drop over the past 12 hours, shedding $4,000 from its price, plummeting from $70,000 to just below $66,000 during early Asian trading on Tuesday, where it found support.