CandleFocus The FBI’s Silk Road Bitcoin is now worth $6.4 billion
2024-11-26
Author: Content Editor
This news article discusses the seizure of 69,370 Bitcoins associated with the dark web marketplace Silk Road by the United States Department of Justice and Internal Revenue Service in 2020. The Bitcoin hoard has been in storage but the Supreme Court has allowed the Treasury Department to sell off the assets. The sale of such a large amount of Bitcoin could potentially bring prices down, but the value of the seized assets has significantly increased since the confiscation. The article also mentions that a company called Battle Born Investments had appealed the decision to sell the Silk Road Bitcoin, but they lost the legal battle. As of press time, the value of the seized Bitcoins has risen to $6,565,176,800, a 576% increase compared to November 3, 2020. It remains to be seen if the hoard will ever hit the market, as there have been previous intentions to halt the sale of seized cryptocurrencies and use them as reserve assets instead.
Related News
Cash App founder Bob Lee’s murder trial nears end — is Nima Momeni guilty? Is Bitcoin’s bull market over? Will Solana Drop to $200? Pump Fun Sells Off $23M of SOL Solana price prediction if Bitcoin crashes below $90,000 Solana (SOL) Struggles to Hold Gains After Reaching New ATH Justin Sun Joins Donald Trump's World Liberty Financial as Adviser Discover Undervalued DeFi Gems: Low MC/TVL Projects Investors Love” Just In: Donald Trump Eyes AI Czar In White House Trading expert believes this is just the beginning of XRP’s bull run Here’s Why $100 Chainlink Price Target is “No Brainer” Tokenized US Treasury Market Hits $2.5 Billion With Real World Assets Exceeding $13 Billion Kraken to close NFT marketplace, shift focus to other projects Dogecoin (DOGE) Price at Risk of Correction Amid Rising Selling Pressure XRP Stunned by Mysterious $25 Million Whale Activity on Binance 60.9 Billion Dogecoin (DOGE) in 24 Hours, What's Happening? MOODENG Largest Holder Buys 11 Million Tokens Despite 45% Price Drop ASI Alliance unveils ‘ASI: Train’ with $100M brain-inspired robotics model Cortex Bitcoin to Reach $740,000? Pantera Capital CEO Issues BTC Prediction Dogecoin gains ground in Nordics with first-ever ETP introduction Bitcoin pulls back as reduced US Treasury term premium weighs on sentiment, says Standard Chartered analyst Ripple CTO Breaks Silence on Recent XRP Ledger Network Halt: Details Velar and StackingDAO Revolutionize Bitcoin DeFi with STX/stSTX Stableswap Pool Collapse of Bitcoin, or simple correction? Uniswap Labs offers bug bounty worth up to $15.5 million 'Next $100,000 Bitcoin Will Happen in Weeks': Analyst Charles Edwards Bitcoin Sees Heaviest Profit-Taking Period of Entire Market Cycle, According to On-Chain Analyst The FBI’s Silk Road Bitcoin is now worth $6.4 billion ‘I Have Owned and Backed Crypto’ Since Very Early Times: Jim Cramer Pump.fun Accounted for 62% of Solana DEX Transactions in November, So Far Pump.fun moves 99,999 SOL worth over $23 million to crypto exchange Kraken The Trump Effect: How a Second Term Could Shape the Future of Crypto? Octa View VeChain (VET) Price Poised for 20% Growth: Factors to Watch Robinhood Expands Crypto Investments with Ethereum Staking in Europe Ondo Finance price drops amid rising whale activity: what’s next? Fidelity Investments Director Shares Bitcoin’s Adoption and Valuation Models Fireblocks integrates Google Cloud for secure management of digital asset Bitcoin’s history of bull market drawdowns BAT Gains Momentum With Potential 1,500% Growth, Analyst Weighs In SUI Integration Marks a Major Leap for Router Chain’s Cross-Chain Platform Prometheum To Face Setback Post SEC Chair Gary Gensler's Exit: Fortune Bitcoin Cash and Cardano: important rallies in the price Shibarium DeFi TVL Hits All-Time High: Details Sandbox (SAND) Faces Bearish Pressure After Hitting Yearly High Aave Enhances Stability With New Oracle From Chaos Labs Top Analyst Explain Why XLM Gains 95% in 7 Days Analysis Company QCP Capital Shares Reason Why Bitcoin Cannot Break $100,000 Level! Here Are the Details Fantom (FTM) price surge as Sonic migration looms: is $1.20 next? Gensler’s SEC made US ‘nearly untenable’ for crypto firms, say observers 3 Cryptocurrencies That Reached All-Time Highs Today — November 26 Top 2 crypto stocks to keep an eye on for 2025 XRP Ledger Welcomes Major Release, Here's What's New Tether’s $5B mint and political entanglements raise suspicion about industry Bitcoin (BTC) $90,000 in Danger: What's Happening? Bearish trends could push FLOKI to $0.00017 – Here’s why Bitcoin Faces US Investor Cooldown Ahead of $90,000 Target SHIB Price Prediction for November 26 Decoding Legacy Coins: Why BTC, ETH, SOL, ARB, OP Still Matter Will Pepe Price Realistically Hit $1? Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months Ripple (XRP) 177% Rally Under Threat as Seller Sentiment Overpowers Bullish Momentum Shiba Inu's (SHIB) Skyrocketing Invalidated: Here's How What If you bought Bitcoin when Jim Cramer did? Morocco set to legalize crypto after 2017 ban Starknet launches phase 1 staking on Ethereum layer 2 Investor Fred Krueger Shares Key Insights on MSTR Issuance BitMEX's Former CEO Arthur Hayes Bought This Altcoin Instead of ATH Coins He Sold at a Loss! Here Are the Details Crypto Liquidation Nears $100M: Ethereum Price Dips Below Crucial Levels Avalanche Developers Launch ‘Avalanche9000’ Blockchain Testnet Schuman Financial Launches MiCA-Compliant Stablecoin EURØP Dogecoin Is Overbought But Is Aiming For The High At $0.60 Bitcoin Price Crash Not Over? Why A Decline To $89,000 Is Possible The transformative potential of Bitcoin in the job market | Opinion REN falls 38% as Binance delists it alongside other altcoins Ethereum Price Analysis: Is This Final Pullback Before ETH Breaks $4000? Lido DAO Targets $2.78: Will a Trendline Breakout Fuel the LDO Price Rally? Talus Network raises Polychain-led funding round at $150 million valuation, plans TikTok-linked 'AI dating experience' MicroStrategy bulls think Michael Saylor can pump it to 10X its BTC PNUT’s 36% Drop Could Send It Back to All-Time Lows — Here’s Why Bitcoin's Fall Has Been Alarming! Should We Really Be Afraid? CryptoQuant CEO Explained! Jasmy Price Falls As Whales Sell: Can It Soar 95% in 2024? WIF Targets $4 as Bullish Momentum Builds Above $3 Support Solana Price Eyes $500 Milestone as DEX Volume Hits New Highs 64% of Wintermute’s Meme Coins Get Listed on Binance: How? Crypto Tax Debate Heats Up in South Korea: What’s at Stake? Bitcoin daily active addresses near 1m mark first time since 2021: data Shiba Inu Lead Lauds TRON's Justin Sun As SHIB Prepares for TREAT Token Launch Russia’s central banker behind CBDC steps down Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten Crypto derivatives market turns cautious ahead of FOMC minutes and PCE data, analysts say Will ARB 71% Monthly Surge Continue Through December? How Trump’s proposed tariffs could affect crypto Cardano to Power Bitcoin With DeFi, Announces Charles Hoskinson Bitcoin-Backed Credit: A Bridge to Financial Inclusion for the World’s Unbanked Telegram’s crypto holdings rose to $1.3B in H1 2024: Report Santiment: "As Bitcoin Falls, Investors Keep These Three Altcoins on Their Radar!" MicroStrategy’s Long-Term Success Mirrors Berkshire Hathaway’s, Says Mindaoyang MicroStrategy Bitcoin Holdings May Reach Over 1Million BTC by 2030 Wall Street Bitcoin Miners Equipment Worth Millions Stranded as U.S. Tightens Screws Peanut squirrel owner’s JUSTICE meme coin raises concerns over insider control LDO’s 8% Surge Can’t Halt $53 Million Exit from Futures Market Will XLM Pennant at $0.50 Prolong Its 3-Week Bull Run to $0.71? Sui Network Outage Impacts SUI Price: What Investors Need to Know Can Cardano Price Hit $3.11 Before 2024 Ends Amid Its Bullish Rally? Shiba Inu Team Shares Opportunity To Earn Some Extra Cash 7 Million UK Adults Now Own Crypto: Financial Conduct Authority Will Solana Reach $1,000? Solana Price Predictions for 2024-2025 and Latest SOL Surge How Are Real-World Assets (RWAs) Revolutionizing DeFi? Bitcoin $92K price correction triggered by long-term hodlers, not ETFs Crypto Analyst Says XRP Looks ‘Fantastic,’ Sees Potential for Bigger Upside Move for the Large-Cap Altcoin Binance Introduces New AirDrop for Users Schuman Financial debuts EURØP, a MiCA-compliant euro stablecoin Sandbox Whale Moves $1.48M in $SAND to Coinbase Investment Strategist Says Keep Buying XRP if XRP Holds This Level Shiba Inu Remains Stable And Struggles With The $0.00002800 Barrier Zilliqa 2.0 and Emurgo: Pioneering Blockchain Scalability and Integration Top Model Says She Holds XRP, Vows to Take Stand for XRP JUST IN! Binance Announces It Has Delisted Five Altcoins! Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions Top Analysts Say Dogecoin is Getting Ready for $0.55 Target Is Ripple CEO Brad Garlinghouse Pick for Donald Trump’s Crypto Czar? Crypto Banking in the UAE: The Path to Licensing and Compliance DEXX Hackers Resume Operations: Stolen Funds Begin Laundering into SOL OKX Launches Trading and Wallet Services in Belgium Amid Regulatory Considerations and Growing Crypto Interest Lido breaks out: Is $4 the next target for LDO? 'Bitcoin Black Friday Sale' Kicks Off, Per Samson Mow, As BTC Falls Overnight Saylor Defends MicroStrategy’s Bitcoin Bet as BTC Price Plunges Cardano Bulls Withdraw $100 Million from Exchanges, Hint at Fresh ADA Surge LimeWire adds decentralized file sharing feature with BNB Greenfield $200 Billion From Crypto Markets as Bitcoin (BTC) Dumps Below $93K (Market Watch) These 3 Altcoins Hold 1,200x Growth Potential in the Short-Term Gelios and Merlin AI Join Forces to Revolutionize AI-Driven Crypto Solutions Ethereum (ETH) Breaks Free From Consolidation and Surges Toward $3.5K Mark Financial Analyst Says XRP Army is Getting Louder Iran's Digital Rial Near Launch, Central Bank Signals Progress Bitcoin Slides Near $94K, But Short-Term Bullish Target of $100K BTC Unchanged Crypto market snapshot Nov 26: Bitcoin dips below $95K; ARB, LDO up 6% The Train Has Left the Station: Is It Too Late to Invest in Bitcoin? Peanut Pet Owner Launches New Token, Threatens Lawsuit Against Crypto Community How NFTs are Evolving to Add ‘Meaning and Story’: RARI Chain Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’ Bitcoin Faces Potential 25% Correction Amid Global M2 Decline Three Reasons Why Bitcoin Risks Falling Below $90K: Godbole John Deaton Calls Out Gary Gensler For Ties With Sam Bankman-Fried Expert Makes 3 Key XRP Price Predictions Following Gensler Resignation Layer-1 Altcoins Defy Bitcoin Dip: AVAX, DOT, FTM Surge Marathon Digital Mirrors MicroStrategy with Massive Bitcoin Investments Cardano Price Prediction For November 26 Analyst Predicts XRP Price Will Flip BTC Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500 Traders still riding on ‘hot altcoins’ despite Bitcoin pullback: Santiment Binance launching BFUSD, promising APY 'will never go below zero' The Aftermath of Trump’s Win: Will Positive Momentum Keep? AILayer Collaborates with Taker Protocol to Transform the Bitcoin Ecosystem Canadian wellness firm approves plan to add $1M of Bitcoin to treasury Swan Bitcoin sues its lawyers for picking up Tether as client Ripple CEO Secures “60 Minutes” Interview Institutional capital fuels crypto rally amid profit-taking trends — Bitfinex Pump. fun’s memecoin freak show may result in criminal charges: Expert Fantom price prediction – Key levels to watch after 48% November gains ? Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit Anthony Scaramucci explains how the Democrats flopped on crypto Movement developers plan token generation event on Ethereum ahead of mainnet launch AILayer Collaborates with Taker Protocol to Transform the Bitcoin Ecosystem Asset Managers Weigh in on US Bitcoin Reserve Debate Elon Musk DOGE Posts Raise Question of Intentional Manipulation XRP Price Prediction For November 26 European Investment Bank issues €105M digital bond on HSBC Orion US dollar index (DXY) analysis ahead of Fed minutes, PCE data FCA Research Highlights 12% UK Crypto Ownership and Views on Regulation and Risk Bitcoin Price Slips Below $95K: Is The Rally Losing Steam? UK Urged to Consider Bitcoin Reserve as Trump Leads Crypto Revolution Bitcoin analysts call recent $93K dip the ‘last flush’ before the rush Movement developers plan token generation event on Ethereum ahead of mainnet launch Stellar Lumens Next Move: Breaking $0.68 Could Propel XLM to $1.29 XRP Price Eyes Fresh Upside: Can Bulls Deliver? Phantom wallet adds support for Base in multi-chain push Bitcoin Dips to $94K ; Polymarket, Kalshi Odds on BTC Shrink Farcaster Frames v2 Update Could Enhance User Experience with Full-Screen Applications on Warpcast BlockSec integrates Neo X support into Phalcon Explorer SEC 2024 Report: Record Fines & Big Cases Revealed CHILLGUY Sees Massive Upward Trend, Registering 108.45k Net Inflow in The Last 24 Hours Dogecoin Foundation Seeks Backing to Fuel 2025 Plans Ethereum Price Steadies: Bulls Ready for The Next Move? Influencers get rich, meme coins die: Most bloggers’ advertising is ineffective Bitcoin Price Prediction – BTC Price Estimated to Reach $ 104,518 By Nov 30, 2024 Fantom’s MVRV Ratio Reaches 1.59: Could Further Gains Indicate Overvaluation? Bitwise To Back Starknet Staking, STRK Price Reacts Chainlink May Reach New ATH If This Barrier Breaks, Analyst Says Base Layer 2 Network Surpasses $10 Billion TVL, Hits 106.26 TPS Bitcoin’s Pullback May Not Spell Altcoin Crash, but Corrections Could Impact Market Dynamics From Facebook Feud to Bitcoin Billionaires: Journey of Winklevoss Twins Solana’s DEX Trading Volume Reaches Record High Surpasses $100 Billion Toncoin Price Forecast: Crypto whales spotted buying $30M TON in 4 days, amid Gensler’s exit Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue Ripple's XRP aims for $1.96 as WisdomTree registers for an XRP ETF in the US Base Layer 2 Network Surpasses $10 Billion TVL, Hits 106.26 TPS Trader Warns of Potential XRP Correction, Says Dogecoin Trading at Most Likely Area To Expect Rejection From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs Bitcoin nears $100k: history repeating or a new chapter in crypto? Traders seen $553 million crypto liquidations as Bitcoin dropped $92k Shiba Inu (SHIB) Breakout Secured: What's Next? Bitcoin (BTC) Delivers Hidden Signal, Toncoin (TON) Next to Skyrocket? U.K. Financial Regulator Aims for Crypto Regime by 2026 Bloomberg Analyst Shares Timeline On SOL, XRP, LTC, HBAR ETFs’ Approval Crypto Millionaires in 2025: 6 Explosive Coins You Can’t Ignore Hashdex again amends S-1 for Nasdaq Crypto Index US ETF What’s New in AI for Crypto: The Graph Launches GRC-20, NEAR Integrates MetaMask, ASI Alliances Introduces FET Staking Platform Bitcoin Dips to $93,000 With $400 Million in Longs Rekt. Where to From Here?