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Search results for Strategic Bitcoin Reserve

Crypto

U.S. government transfers bitcoin, ether to Coinbase, putting strategic reserve rules to the test

The U.S. government transferred about $288 million worth of bitcoin and ether classified as government-held to Coinbase Prime, drawing attention to whether the move relates to the strategic bitcoin reserve. Onchain data showed 3,941 bitcoin and 30,007 ether were sent over about eight hours. Analysts said the transfer alone does not prove a sale, and publicly available data cannot confirm whether the bitcoin was part of the strategic reserve.

Crypto

New Hampshire enacts \'Blockchain Basics Law\', strengthening self-custody and developer protections

New Hampshire has enacted the Blockchain Basics Law to strengthen protections for blockchain and cryptocurrency users in the U.S. state. Governor Kelly Ayotte signed HB639 last week, according to Decrypt. The law legally supports users’ rights to self-custody digital assets and sets clear protections for developers, miners, validators, entrepreneurs and related firms. It also allows the superior court to create a special case process for blockchain disputes.

Crypto

U.S. government moves bitcoin worth $183.28 million to Coinbase Prime, sale possibility in focus

The U.S. government transferred an additional 2,874.9 bitcoin to Coinbase Prime, drawing market attention to whether the move indicates a potential sale. U.Today reported the transfer was worth about $183.28 million. The transaction was made from government-controlled addresses. On-chain data shared by Galaxy Research showed total bitcoin moved to Coinbase Prime that day was close to 4,000. Investors are watching whether the assets move again to exchange wallets or sale-related addresses.