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US Government Sell $131 Million In Bitcoin Seized From Silk Road

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  • The US government through the US District Court of Maryland has issued a notice to sell over $131m in Bitcoin seized from Silk Road.


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The US District Court of Maryland has issued a notice regarding the disposition of a substantial amount of Bitcoin from the former marketplace Silk Road, totaling over $131 million. 

This action follows the court’s order in the case of U.S. v. Joseph Farace, where Bitcoin was seized from Ryan Farace and Shaun Bridges in 2021. 

Ryan France was sentenced to 54 months in prison earlier this year for laundering drug profits over the dark web, along with his father.

Bridges was a U.S. Secret Service Special Agent, convicted back in 2015 for laundering drug money using Bitcoin over the notorious darknet market, Silk Road. 

See Also: Black Basta, An Infamous Ransomware Gang, Hacked Major UK Water Company, Southern Water

The confiscated digital assets include 2,874 Bitcoins valued at approximately $129 million and 58 worth around $3 million. Both batches were seized back in 2021 in Memphis and Arlington. 

The U.S. District Court has expressed its intention to sell the forfeited assets as directed by the Attorney General. 

Excluding the defendants in the case, individuals who claim an interest in the forfeited assets have been given a 60-day window from Jan. 10 to file an ancillary petition, a legal document required to be filed to claim an interest in a seized property. 

After reviewing any claims or when the claim period ends, the U.S. will officially own the seized Bitcoin and can sell it legally.



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Press Release

Avalanche (AVAX) Down More Than 3% Within 24 Hours

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Over the past 24 hours, the price of Avalanche (AVAX) has fallen 3.12% to $38.33. 

Avalanche Price Chart | Source: Coinstats

 

This is opposite to its positive trend over the past week where Avalanche (AVAX) has experienced a 1.0% gain, moving from $39.36 to its current price.

See Also: Honduras Financial Regulator, CNBS, Restricts Banks From Dealing In Cryptos

The chart below compares the price movement and volatility for Avalanche (AVAX) over the past 24 hours (left) to its price movement over the past week (right). 

Avalanche Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 42.0% over the past week along with the circulating supply of the coin, which has fallen 0.36%. 

Avalanche Circulating Supply and Trading Volume

 

This brings the circulating supply to 367.54 million, which makes up an estimated 51.05% of its max supply of 720.00 million. 

According to our data, the current market cap ranking for AVAX is #10 at $14.08 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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Press Release

Cryptocurrency NEAR Protocol Price Down More 3% 24 Hours

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The price of NEAR Protocol (NEAR) has decreased 3.27% over the past 24 hours to $3.37. 

NEAR Price Chart | Source: Coinstats

 

This is contrary to the coin’s performance over the past week where NEAR Protocol (NEAR) has experienced an up-trend of 5.0%, moving from $3.22 to its current price.

See Also: Price Analysis: Cryptocurrency Optimism (OP) Price Rises More Than 3% In 24 Hours

The chart below compares the price movement and volatility for NEAR Protocol (NEAR) over the past 24 hours (left) to its price movement over the past week (right). 

NEAR Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 11.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.15%. 

NEAR Circulating Supply and Trading Volume

 

This brings the circulating supply to 1.04 billion. 

According to our data, the current market cap ranking for NEAR is #35 at $3.51 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN



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Price Analysis: Cryptocurrency Bittensor (TAO) Decreases More Than 6% Within 24 Hours

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Over the past 24 hours, the price of Bittensor (TAO) has fallen 6.32% to $600.73. 

Bittensor Price Chart | Source: Coinstats

 

This is opposite to its positive trend over the past week where Bittensor (TAO) has experienced a 12.0% gain, moving from $538.34 to its current price.

See Also: Price Analysis: Cryptocurrency NEAR Protocol Price Down More Than 3% Within 24 Hours

The chart below compares the price movement and volatility for Bittensor (TAO) over the past 24 hours (left) to its price movement over the past week (right). 

Bittensor Price and Volatility Chart

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. 

The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Bittensor’s trading volume has climbed 3.0% over the past week along with the circulating supply of the coin, which has increased 0.56%. 

Bittensor Circulating Supply and Trading Volume

 

This brings the circulating supply to 6.28 million, which makes up an estimated 29.91% of its max supply of 21.00 million. 

According to our data, the current market cap ranking for TAO is #32 at $3.77 billion.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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