1237: US GOVERNMENT PLANS TO SELL 41K BITCOIN CONNECTED TO SILK ROAD!!

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3.6 • 626 Ratings

🗓️ 31 March 2023

⏱️ 22 minutes

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Summary

The United States government plans to liquidate more than 41,000 Bitcoin (BTC) seized as part of a case connected to Silk Road creator Ross Ulbricht. A March 31 filing with U.S. District Court for the Southern District of New York regarding the sentencing of James Zhong stated U.S. government authorities had begun liquidating roughly 51,352 BTC seized in the Ulbricht case. According to the filing, officials sold roughly 9,861 of the king crypto (BTC) for more than $215 million on March 14, leaving roughly 41,491 BTC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In today's show, we'll be discussing the Bitcoin price hitting 28,500 on PCA data as macro accumulation zone ends.
0:08.3	Also breaking news just in, Germany's second largest stock exchange approved to offer Bitcoin and crypto custody.
0:15.0	In the biggest news, El Salvador's president, Nijibo Kelle, officially eliminates all-income property and capital gains taxes on technology innovations. Let's go. And Max Kiser's response, state craft reinvented result, a sovereign masterpiece. Also in today's show, Russia talks up prospects of BRICS countries developing a new currency. Also more breaking news. China makes
0:39.2	advances in ditching the U.S. dollar for settlements and even inks a deal with Brazil and
0:44.2	completes the first UN-LNG purchase, LNG, standing for liquefied natural gas. Also in today's
0:51.1	show, Elon Musk-led petition to halt AI development divides the tech community.
0:56.6	Also, breaking news, FTX founder, Scan Bank, and Freed, pleads not guilty to new charges, including bribery of Chinese officials.
1:04.1	I'll be breaking down this latest report, as well as more breaking news.
1:07.4	U.S. government plans to sell 41,000 Bitcoin connected to Silk Road. In fact, on March 14th of
1:13.2	this year, the government sold almost 9,000 Bitcoin for 21st, according to court documents filed
1:18.5	on March 31st. We'll also be taking a look at the overall crypto market. All this, plus so much more
1:24.4	in today's show.
1:33.2	Hey, what's good, CryptoFam?
1:35.6	This is first and foremost, a video show.
1:41.9	So if you want the full premium experience, visit our YouTube channel at CryptoNewsalerts.net.
1:47.1	Again, that's CryptoNewsalerts.net. And welcome everyone just tuning in. This is podcast episode number 1200 and holy moly 37 of the crypto news alerts pod.
1:53.9	Today is March 31st, 2023, the final day of the month. Hopefully we have a very strong monthly
1:59.6	close. I'm your host,
2:01.3	JV. Les dive into today's market watch. As you can see on the screen, the major cryptos are back
2:06.7	in the green. Definitely a good omen. Bitcoin up almost 1% for the day. Hover in above 28,400. We have
2:13.1	ether at 1% trading back above 1,800. Cardano, one of the top gainers, up almost 7%, trading back above 40 cents.
2:20.4	And the only top crypto in the red for the day is B&B, Binance Coin. And checking out coinmarketcap.com,
	...

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