WuBlockchain Weekly: U.S. Government Authorized to Sell $6.5 Billion Worth of Bitcoin, Pro-Crypto Pierre Poilievre Poised to Become Canada's Next Prime Minister and Cryptocurrency Applications, etc
1. U.S. Government Authorized to Liquidate $6.5 Billion in Silk Road Bitcoin link The U.S. government has received approval to liquidate 69,000 Bitcoins (valued at $6.5 billion) seized from the “Silk Road” darknet market, a government official confirmed to DB News on Thursday. This development comes less than two weeks after a new administration took office, despite their earlier promise not to sell the Bitcoin. On December 30, a federal judge ruled that the Department of Justice (DOJ) could sell the 69,370 Bitcoins, citing the cryptocurrency’s price volatility as a reason for granting the sale authorization. When asked about the next steps, a DOJ spokesperson stated, “The government will proceed with actions in accordance with the court’s decision.” 2. U.S. December ADP Employment Report: 122,000 vs. Expected 140,000 link In December, the U.S. ADP employment change registered 122,000, falling short of the expected 140,000 and the prior value of 146,000. Initial jobless claims for the ...