German Government’s Bitcoin Transfers to Exchanges Trigger Market Volatility

The Bitcoin market is experiencing significant pressure due to recent activities involving substantial Bitcoin transfers. Two notable incidents are at the forefront: Mt. Gox’s Bitcoin repayments and the German Government’s transfer of Bitcoin to centralized exchanges. According to data, the German Government moved 1,300 Bitcoin to well-known exchanges such as Coinbase, Kraken, and Bitstamp, causing

Source: CoinOtag