The U.S. government has received approval to liquidate a significant portion of its Bitcoin (CRYPTO: BTC) holdings seized from the infamous darknet website Silk Road, according to a Wednesday report.
What Happened: The Justice Department was cleared to sell 69,370 Bitcoins, valued at approximately $6.5 billion, by a federal judge, DB News reported, citing officials.
The report mentioned the DOJ citing the price volatility as a reason for pushing for permission to sell the assets.
The DOJ did not immediately respond to Benzinga’s request for confirmation.
Top Reasons Why Cardano Price May Rebound Towards ATH Soon
...
Read moreDetails
