Germany’s Bitcoin Balance Surges as Users Send BTC in Secret Messages

The German government received $420 from Bitcoin from a variety of wallets since its $3 billion selling spree ended late last week, with some messages seemingly more hateful of Bitcoin users than others.

The German government’s sale of seized bitcoins surprised the cryptocurrency market a few weeks ago when it began dumping the confiscated assets through various cryptocurrency exchanges and trading firms. On Friday, analytics platform Arkham reported that those associated with the sale of seized bitcoins by the German government surprised the cryptocurrency market a few weeks ago when it began dumping the confiscated assets through various cryptocurrency exchanges and trading firms. the coffers were dryfollowing multi-billion dollar transfers in the previous days.

Since then, the German government has accumulated a small stash of Bitcoin through more than four dozen transactions, the largest being a $118 transaction sent on Saturday, according to blockchain data which was examined by Decrypt via the Arkham analysis platform.

“A shoe without surfboard gives you courage,” OP_Return data The message from a $1.23 Bitcoin transaction on July 13 is translated from German. The message apparently sent by a Bitcoin user reads: “You offer us a beautiful and uncensored scene.”

If a Bitcoin user wants to broadcast a message, they can do so efficiently by using OP_Return, a field used for data storage. According to blockchain analytics firm String analysisany Bitcoin attached to OP_Return transactions is effectively lost forever as the so-called opcode marks the output of a transaction as invalid, making this expenditure purely symbolic.

However, it appears that Bitcoin users may be trying to send a message to the German government in other ways, including some that are potentially hateful. Many times, a Bitcoin wallet with Adolf Hitler’s last name in his address sent the German government $0.88, a white supremacist numeric code for “Heil Hitler,” according to the Anti-Defamation League.

Another Bitcoin user sent $0.72 to the German government using a wallet address containing the owner of Twitter (aka X) Elon Musk’s full name. In addition to this, $4 in Bitcoin was sent to the German government from an address containing “Kiss my ass” in his wallet address.

Instead of settling for 26 to 35 random characters, Bitcoin users can generate a so-called vanity address that contains human-readable words. The Bitcoin address generator is an early example of this. Vanitygen, which was published via the GitHub development platform.

Several of the transactions were made, according to Arkham’s platform, through a CoinJoin address. Describe Considered by the New York Department of Financial Services to be a “significant gray area for regulators and exchanges,” the technique is used to preserve the pseudonymity of a Bitcoin sender and recipient by combining multiple spender payments into a single transaction.

With the German government controlling far less Bitcoin than it did a few weeks ago, perhaps some Bitcoin users who watched Bitcoin price drop As of this writing, the German government has received an additional $1.33 in Bitcoin in the last hour.

Edited by Andrew Hayward