⇑ Deciphering Arkham: Insights into Cryptocurrency Transactions

Various sources confirm that the US government is heavily involved in cryptocurrency transactions, with recent transfers of 300 Ether and about $4M of Bitcoin to Coinbase, as disclosed by Arkham Intelligence. Acknowledged as a reliable source, Arkham also reported on significant financial transactions involving Mt. Gox, a once-prominent Bitcoin exchange. Over $2 billion worth of BTC has been moved to fresh addresses.

Donald Trump has made noticeable impacts on the market, with crypto portfolio estimated at over $14M after his convictio. Arkham also announced a bounty of $150,000 for the identification of the person behind the creation of the DJT token. Amidst all this, the government-associated crypto wallet transferred $2 billion in DOJ-seized bitcoin.

On a controversial note, Arkham's ARKM token saw a decline in value by 20% amid market skepticism and controversy. Regardless, Arkham transfers nearly $487M worth of ARKMs to Coinbase Prime for tax compliance. Other significant details include Arkham integrating with Coinbase Wallet for enhanced tracking and the discovery that the US government is among the states with the largest Bitcoin holdings.

Arkham Coin News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Wed, 07 Aug 2024 10:00:18 GMT - Rating 9 - Innovation 8 - Information 6 - Rumor 0