Elon Musk’s Tesla transfers Bitcoin worth $770M to new addresses

Tesla relocated 11,509 bitcoins, valued at $770 million, to new addresses. This marks Tesla’s first Bitcoin transaction since selling most holdings in 2022. Tesla remains the third-largest Bitcoin holder among public companies after MicroStrategy. Tesla, the electric vehicle giant led by Elon Musk, has recently relocated its entire Bitcoin (BTC) treasury, consisting of 11,509 bitcoins […]

Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and […]

German’s BKA transfers more Bitcoin to exchanges including Kraken and Bitstamp

German Government transferred 250 Bitcoin worth approx. $15.4M to Kraken and Bitstamp on June 26. The government has transferred a total of $150M in BTC to various addresses. The German Government BTC transfers and Mt. Gox repayments pile pressure on Bitcoin price. The German Federal Criminal Police Office (BKA) has made additional Bitcoin transfers to […]

Bitcoin blockchain saw $8.2 trillion in transfers in 2022

CoinMetrics data shows the Bitcoin blockchain registered over $8 trillion worth of transfers in 2022. According to the data, the total amount transferred via the blockchain fell off in the second half of the year. Bitcoin also saw an increase in blockchain size and hashrate, with 16% and 56% annual growth rates respectively. Bitcoin continues […]