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Cryptocurrency News Articles

US Government Transfers $2 Billion Worth of Seized Bitcoin

Apr 07, 2024 at 11:03 pm

A government-owned Bitcoin wallet transferred 30,175 BTC ($2 billion) on April 2, likely seized from the 2022 Silk Road takedown. Meanwhile, InQubeta (QUBE), an AI investment platform, surpassed $13 million in its presale, garnering attention as a potential top-ten cryptocurrency. Early investors have witnessed a 300% return, with the presale aiming to raise more than Binance Coin's $15 million.

US Government Transfers $2 Billion Worth of Seized Bitcoin

U.S. Government Moves $2 Billion in Seized Bitcoin

Washington, D.C. - The United States government has transferred 30,175 Bitcoin (BTC), valued at approximately $2 billion, from a cryptocurrency wallet known to belong to the government. The tokens are believed to have been seized during the takedown of the illicit online marketplace Silk Road in 2022.

Government's Extensive Cryptocurrency Holdings

The bulk of the transferred Bitcoin, approximately 28,000 BTC, was sent to another wallet identified as government-owned. An additional 2,000 BTC was transferred to a wallet registered on the cryptocurrency exchange Coinbase. This transfer underscores the U.S. government's substantial holdings of cryptocurrency, estimated to exceed 207,189 BTC, primarily acquired through asset seizures.

InQubeta Presale Surges Past $13 Million Milestone

Meanwhile, the ongoing presale of InQubeta (QUBE) tokens has surpassed the $13 million mark, attracting significant investor interest. Analysts speculate that InQubeta's presale performance could rival that of Binance Coin (BNB), which raised $15 million during its presale.

InQubeta: A Gateway to Artificial Intelligence Investments

InQubeta, hailed as one of the most promising initial coin offerings (ICOs), aims to democratize access to artificial intelligence (AI) investments. It provides an alternative to traditional investment channels, which often impose stringent eligibility criteria. Additionally, InQubeta's platform addresses the financial inclusion gap by enabling the unbanked, estimated at 1.4 billion people, to participate in AI-focused investments.

InQubeta's Innovative Approach to AI Funding

InQubeta harnesses a crowdfunding model to facilitate AI startups' fundraising efforts. Startups tokenizing investment opportunities as non-fungible tokens (NFTs) mimics the issuance of stocks in conventional financial markets. The InQubeta ecosystem provides investors with comprehensive information, including startup profiles and expert insights, enabling informed investment decisions.

AI's Growing Importance and Investment Landscape

Artificial intelligence (AI) has become an integral part of our lives, with applications ranging from self-driving vehicles to healthcare diagnostics. Investment in AI companies has surged by 1,000% in recent years, with over $120 billion currently invested. Experts anticipate a further $1.59 trillion influx by 2030, positioning InQubeta for substantial growth.

QUBE Potential: Building Generational Wealth

QUBE, currently priced at $0.028, is projected to reach over $100 within the next several years, making it an attractive alternative investment for building generational wealth.

Bitcoin's Price Outlook

Bitcoin (BTC) has retreated to the $65,000 support level, but experts, including BlackRock CEO Larry Fink, remain bullish on its prospects. Fink believes BTC's price could exceed $80,000 before the upcoming halving in a few weeks, making it a compelling investment at its current level.

Conclusion

QUBE and BTC are two cryptocurrencies with significant growth potential, offering promising investment opportunities for those seeking to build wealth. QUBE's groundbreaking approach to AI investments and BTC's bullish price outlook make them compelling choices for investors looking to capitalize on the cryptocurrency market.

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