The German government continues to transfer bitcoins to central exchanges with the intention of selling them.According to data from on-chain analytics platform Arkham, 250 bitcoins were transferred to Bitstamp and 250 bitcoins to Coinbase from addresses listed as belonging to the German government. At current prices, the total is close to $28 million.An additional 500 bitcoins were sent to an unlabeled address that likely belonged to a centralized cryptocurrency exchange or OTC service.The German government currently holds 38,826 bitcoins in known addresses, worth a total of $2.17 billion. Germany’s weeks-long sell-off hasn’t been popular with everyone in the country’s government,…
Author: Crypto Flexs
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“Foolishly, the German government has transferred $390 million worth of BTC to exchanges and sold them for fiat currency over the past few weeks. From a geopolitical perspective, it is a strategic mistake for any country to sell its Bitcoin holdings for fiat currency, as they can simply print the latter out of thin air,” he said in the July 5 edition of the Blockware Intelligence newsletter.
OKX recently announced that it plans to list Xraders (XR) on its spot trading market. According to OKX, the listing will follow a specific schedule. XR deposits will open on July 8, 2024 at 6:00 AM UTC, XR/USDT spot trading will open on July 11, 2024 at 8:00 AM UTC, and XR withdrawals will be available from July 12, 2024 at 10:00 AM UTC. About Xraders(XR) Xraders is a decentralized expert curation platform that aims to empower investors through curated expert insights. The platform enhances users’ trading experience by integrating AI modeling with community-driven validation…
According to Binance, the leading cryptocurrency exchange has announced the launch of a new ‘Word of the Day’ (WOTD) game, which gives eligible users the opportunity to share in a pool of 500,000 Binance Points, which can be exchanged for BNB token coupons and trading fee discount coupons in the Rewards Hub. The WOTD game is designed to improve users’ cryptocurrency vocabulary and provide them with information on the latest market trends. This week’s topic is ‘Binance 7YA’. Participants are encouraged to read selected articles on this topic and participate in the WOTD game to…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Hoppy price has been trading at a 29% surge in the last 24 hours. $0.0001764 5:00 p.m. Eastern Standard Time. HOPPY proved resilient despite the cryptocurrency crash on Thursday and Friday of this week, hitting a new all-time high (ATH) in just 24 hours. Wait a minute, is the market crashing?$Hopi Even after this massive selloff, holders barely moved. Create a new ATH after 24 hours. Several new exchanges list it every week and it currently has 10,000 holders. I can see $Hopi…
The NEAR protocol has recorded 450 million transactions and 12.3 million unique addresses. Market sentiment has changed as user engagement has increased. The NEAR protocol has attracted the attention of the broader cryptocurrency community due to its rapid increase in trading volume and new addresses. According to analysts, NEAR addresses have been growing over the past two months. Masi reported this development on X (formerly Twitter), saying: ”In June, @NEARProtocol compared to popular chains: #1 in active addresses (16.9m). #1 in low fees (
The infamous purse-snatching group the Pink Drainers have fallen for the “address poisoning” scam and are now up to their own tricks.Cryptocurrency compliance platform MistTrack highlighted the attack in a post on X on July 7, saying the hacking group lost 10 Ether (ETH) to fake wallet addresses in late June as a result of the scam. That’s equivalent to about $30,000 in today’s dollars.Recent Transactions in Pink Drainer Wallet Source: MistTrackIn an interview with Cointelegraph, MistTrack explained that address poisoning scams occur when attackers send small amounts of cryptocurrency from a wallet with a similar address to one of…
Immutable (IMX), a prominent blockchain gaming company, announced record growth and several strategic partnerships in June 2024. One of the most notable developments, according to Immutable, was the migration of NetMarble’s MARBLEX platform to Immutable, bringing major IP titles such as Ni no Kuni: Cross Worlds, A3: Still Alive, and Meta World. This move is seen as a major step forward for the web3 gaming industry. MARBLEX Chooses Immutable for Web3 Games in Korea Netmarble, a leading mobile gaming company with a market cap of $3 billion, has chosen Immutable’s zkEVM platform for its MARBLEX…
IntroductionAs it moves into the active appeal stage at the Tenth Circuit, the ongoing legal battle between Custodia Bank and the Federal Reserve has garnered significant attention, especially given the involvement of various amicus briefs. A total of seven briefs were filed on July 3rd, the last day for supporting, or neutral, briefs to be filed.1 This case has attracted significant interest from top-flight appellate attorneys, drawing three former Solicitors General, two representing amici and Ian Gershengorn who represents Custodia itself.In Federal appellate practice, an amicus curiae (“friend of the court”) brief allows non-parties to provide the court with additional…
The price of Polygon, once its biggest competitor, has plummeted. New initiatives have failed to reverse MATIC’s decline. Other major cryptocurrencies, including XRP and Cardano, have also experienced similar difficulties to Polygon. Polygon (MATIC), a layer 2 scaling solution for the Ethereum blockchain, has been on a downward trend in recent months. Despite several initiatives to strengthen the ecosystem, MATIC’s price continues to fall, raising concerns about investor sentiment. MATIC price down 82% from all-time high MATIC, which was a contender for the top 10 by market cap not too long ago, has now fallen to 20th place, raising concerns…