The ruling does not ensure immediate liquidation of the seized Bitcoin, as federal asset forfeiture requires several administrative processes.
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.
Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.
The development confirms prior reporting in October last year when it appeared the U.S. government was free to sell the seized Bitcoin from a Silk Road-affiliated wallet.
Decrypt reviewed the court document following an initial report late Wednesday evening by DB News, which cited officials confirming the ruling.
The ruling alone doesn't guarantee immediate liquidation since federal asset forfeiture involves multiple administrative steps and potential appeal windows.
Portions of the seized Bitcoin have already been sold by the DOJ in recent months. On December 3, 2024, the U.S. government moved nearly $2 billion in Silk Road Bitcoin to Coinbase.
The government maintains a custody arrangement with Coinbase Prime through the U.S. Marshals Service (USMS), a division of the DOJ.
$BTC BTC is eager to test the bottom support continuously. Will it stop falling here? Can it make a decent Rebound? All in the detailed analysis on binance after-hours live channel. Stay tuned to our live channel!! #Btc #
My, my... What do we have here? Injective broke below a long-term support level, and this is good.
A consolidation phase between April and October 2023 launched a massive bullish impulse. This consolidation phase lasted 189 days or six months. It is marked blue on the chart. This same level worked as resistance in 2021.
After the December 2023 peak we have a classic correction. The 0.786 Fib. retracement level for the last bullish cycle matches the consolidation phase price range.
INJBTC broke this support level and this is good. All weak hands have been removed. Trading volume (bearish) is ultra-low on this drop. INJBTC has been moving lower for more than a year. The initial bearish impulse is the corrective phase. The slow downward action afterward is a new period of consolidation. A bearish consolidation, that is, sideways with a down-bias.
Why is this good?
Because prices are now trading below long-term support. This is the best time possible to buy. We have 487% to 800% potential on the way up.
Once the market (as in this pair) recovers, and it will recover for sure —100%, then we will have massive growth. What better time to buy than now, when prices are low?
The next bullish phase for INJBTC can start within 3 days just as it can take 3 months. Just think of the previous chart I showed you, HIVE; buying two months ago opened 2,000% potential for growth. The chart as it is now, the same target would produce 800% growth potential. Here we have a new example.
Injective is a solid project and did amazing last year. I believe it grew 8,000% on its tether pairing, INJUSDT. If not 8,000% then 6,000% but it was big. The ones that perform good tend to continue to perform good.
I would be cautious if the action remained high near-resistance. This would indicate that growth potential is limited. Seeing the major correction erasing all gains, tells me that the bulls will be ready to play again in the coming weeks or days.
What I've been trying to say is this: I love you! Oh! Sorry, I mean; Crypto is going up.
How to Earn $10.05 Daily on Binance Without Investment 💵
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Another fantastic way to earn on Binance is through their referral program. You can receive commissions by simply inviting others to join Binance.
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Binance regularly hosts airdrops and giveaways where you can receive free tokens simply by participating in a few tasks.
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Stay Informed: Watch for announcements on Binance’s official website and social media channels about upcoming airdrops or giveaways.
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Airdrops are one of the easiest ways to get free crypto, and they’re completely risk-free.
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Binance Savings is a great way to earn interest on your existing crypto holdings with flexible and locked savings options.
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This is a passive way to grow your crypto holdings over time and earn daily interest without much effort.
5. DeFi Services: Tap Into Yield Farming & Liquidity Mining 🌾
Binance’s decentralized finance (DeFi) services open up multiple avenues to earn crypto through yield farming and liquidity mining.
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Yield Farming: Provide liquidity to DeFi protocols and earn rewards in the form of tokens for helping power decentralized finance systems.
Liquidity Mining: Contribute to liquidity pools and earn transaction fees and extra tokens as incentives.
By participating in DeFi projects, you can earn crypto while contributing to the blockchain ecosystem’s growth.
6. Binance Crypto Debit Card: Earn Cashback with Every Purchase 💳
If you already spend regularly, why not earn some crypto in return? With the Binance crypto debit card, you can earn cashback rewards on all your daily purchases.
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If you enjoy creating or consuming content, COS.TV offers a fun way to earn crypto through video engagement.
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Watch & Earn: Simply watch videos on COS.TV to earn crypto rewards.
Create Content: Upload your own videos, and earn based on the views and engagement your content receives.
Build an Audience: Grow your audience to increase earnings and expand your reach on the platform.
COS.TV rewards creators and viewers alike, so there’s a great opportunity to earn even if you prefer passive consumption.
8. Binance Quests: Complete Tasks for Rewards 🏆
Binance regularly launches Quests, where you can participate in activities and complete challenges to earn crypto rewards.
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Join the Quests: Participate in trading competitions, social media challenges, or special campaigns.
Complete the Tasks: Fulfill specific objectives outlined in the quests to unlock rewards.
Quests add an element of fun to earning, and they often have great prizes for both new and experienced traders.
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Binance’s Auto-Invest feature allows you to automate your investments and grow your crypto portfolio over time.
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Set Up Auto-Invest: Choose your preferred cryptocurrencies and decide how much you want to invest regularly.
Build Your Portfolio: Binance will automatically invest your selected amount, purchasing the assets on a recurring basis.
It’s a low-effort way to build your crypto holdings gradually and consistently, adding value to your portfolio.
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The crypto world is constantly evolving. To make the most of your earning potential, staying informed is key.
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Follow the News: Regularly check Binance’s announcements and updates for new opportunities and market trends.
Adapt: Adjust your strategies to take advantage of emerging earning opportunities like new promotions, token launches, or trading trends.
Staying proactive in the crypto space ensures you don’t miss out on potential opportunities.
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By using a combination of these strategies, you can easily start earning a consistent $10.05 or more daily without any upfront investment. These methods require little to no initial capital but can bring in steady rewards over time with effort and consistency.
If you’d like to dive deeper into any of these strategies or need help getting started, feel free to ask! 💬 #CryptoReboundStrategy #EarnFreeCrypto2024 #SUIHitsATH #BinanceEarnProgram #BinanceEarnings
$BTC As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should be used only once.
Binance Square Task Center: Complete Daily Tasks to Share $5,000 in BNB and Earn Binance Points
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Square is pleased to introduce a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in BNB token vouchers and earn Binance Points. Activity Period: 2025-01-06 06:00 (UTC) to 2025-01-12 06:00 (UTC) Complete Daily Tasks to Earn a Share of $5,000 in BNB and Binance Points Users can access the Task Center from the Creator Center on Binance Square. Please note, Task Center is only available on the Binance App. All eligible users can complete each of the following tasks once every day during the Activity Period. Tasks: Check in to Binance Square daily.*Create a post of at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair of the day. Notes: The limited-time hashtag and selected trading pair of the day will be refreshed daily at 06:00 (UTC) and will run for 24 hours. Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 Participation Ticket. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry. Rewards Structure $5,000 BNB Reward Pool:Reward per Eligible Participant = Number of Participation Tickets Obtained / Total Number of Participation Tickets Obtained by All Participants * Reward Pool, capped at $5 in BNB per participant.Binance Points: TasksBinance Point(s) Awarded per Eligible User per DayCheck in to Binance Square daily*1 Binance Point*3 Binance Points will be awarded to users who checked in daily on the 7th consecutive day. Create a post with the limited-time hashtag OR selected trading pair 5 Binance Points For More Information What Is Binance Square and Frequently Asked Questions Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks, and will be able to redeem their vouchers and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the Activity ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional Activity terms and conditions can be accessed here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2025-01-06