Author: Elena R
Elena R 
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jun 19, 2024 18:26
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
A wallet marked “German Government” has reportedly moved 6,500 BTCs worth $423 Million as per leading data platform Arkham. Further, there are also reports that the BTCs after being moved from other wallets were sent to Kraken and Bitstamp exchanges. Notably, the German Government confiscated the asset from the pirated film website, “Movie2K” during the start of 2024. With this, the volatility in the crypto market has increased as investors are now fearful of the German authorities as they are looking to dump their whale holding in the crypto market.