Search results for U.S. Marshals Service
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
White House nears announcement on strategic bitcoin reserve; new buying seen unlikely
The U.S. government has cleared key legal hurdles to establish a strategic bitcoin reserve, with an official announcement nearing, according to a report. The effort is seen focusing on building secure custody infrastructure and a legal framework to manage seized bitcoin, rather than large-scale new purchases. The U.S. government is said to hold about 328,372 bitcoin, about 1.6 percent of total supply, and concerns over security have added urgency to dedicated key management and storage systems.
Crypto
Tim Draper says BTC could reach $250,000 within 18 months. What is his basis?
Venture capitalist Tim Draper has again said bitcoin could reach $250,000 within 18 months, citing inflation pressure and a weakening dollar. He linked the view to shifts in the macro environment and said even higher levels could be possible if bitcoin rises while the dollar falls. Draper also revisited his bitcoin investing history, including losses tied to Mt. Gox and a 2014 U.S. Marshals Service auction purchase.