German Government Withdraws 710 BTC from Kraken 6 Hours Ago
CryptoNewsTerminal Staff09 Jul, 2024
German Government Withdraws 710 BTC from Kraken 6 Hours Ago
German Government Withdraws 710 BTC from Kraken 6 Hours Ago Blockchain analytics firm Arkham Intelligence (ARKM) has detected that an address associated with the German government withdrew a total of 710 BTC from Kraken in two transactions six hours ago. Additionally, it received a total of 408 BTC from numerous anonymous addresses at the same time. Significance This activity demonstrates the growing involvement of governments in the cryptocurrency industry. Governments are recognizing the potential of blockchain technology and exploring its applications in various sectors, including finance, supply chain management, and public services.