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Amid talks of establishing a reserve for the crypto, the US government has moved $1.92 billion worth of Bitcoin. Indeed, Arkham Intelligence data reports that the digital asset had been moved to a new address. Specifically, the funds have been split into two wallets, containing $969 million and $949 million in BTC, respectively. The data shows that the government still holds more than $18 billion worth of Bitcoin. Moreover, the movement was reported as President-elect Donald Trump is expected to make headway on a Bitcoin reserve bill early on in his second term as the country’s commander-in-chief. JUST IN: US Government moves $1.92 billion worth of #Bitcoin to a new address. — Watcher.Guru (@WatcherGuru) December 2, 2024 Also Read: Michael Saylor’s MicroStrategy Buys Another $1.5B in Bitcoin US Government Moves $1.92B in Bitcoin to a New Address November 2024 has proven to be a game changing month for Bitcoin. The leading cryptocurrency had performed well throughout t...

The cryptocurrency exchange claims its total proof-of-reserves ratio has reached 223% in its latest July report. Cryptocurrency exchange Bitget says its total proof-of- reserve s ratio has reached 223%. In a July 13 announcement, Bitget revealed that its total reserve currently stands at $1.44 billion spread across 31 different crypto assets. Reserve ratios for Bitcoin (BTC), Tether (USDT), Ether (ETH), and USD Coin (USDC) stand at 454%, 135%, 171% and 2,604%, respectively. In an interview, Bitget executives told Cointelegraph that the exchange “operates without relying on debt or users’ funds for its transactions or investments,” and that the company is “proud to be debt free.“ The firm wrote: “Bitget has no outstanding debts or liabilities and is not listed as a creditor for any recently bankrupt companies.“ When asked about the high collateral for select coins, the exchange explained that the money comes from profit through transaction fees, and returns through investments and acq...