English News
German gov’t transfers another $52M in Bitcoin, threatening more BTC selling pressure
(Coin Telegraph)-03/07/2024A “German Government (BKA)” labeled cryptocurrency wallet has sold another $52 million worth of Bitcoin, sparking suspicions that the government is selling its vast BTC holdings.The wallet associated with the German government transferred 832.7 Bitcoin in four individual transactions on July 2.The wallet sent 100 BTC to Coinbase, 150 BTC to Bitstamp and 32.74 BTC […]
VC Roundup: Blockchain-AI startups grab investors’ attention
(Coin Telegraph)-03/07/2024The intersection of artificial intelligence and blockchain seems to be a growing focus for venture capitalists and innovators worldwide. Companies developing solutions based on these technologies disclosed substantial capital raises in June, many of them seed rounds. One of these protocols is Sentient, which raised $85 million in funding to develop an open-source artificial intelligence platform. The […]
3 ways futures traders can use leverage and avoid liquidation losses
(Coin Telegraph)-03/07/2024Every once in a while, headlines about $100 million or larger Bitcoin and crypto futures contracts liquidations appear, causing novice investors and non-expert analysts to point to excessive leverage by retail traders as the culprit. Gamblers are undoubtedly responsible for a large portion of these risky bets, especially when the liquidation is concentrated on retail-oriented exchanges […]
Bitcoin circles $63K as liquidity sparks hopes of 40% BTC price gains
(Coin Telegraph)-03/07/2024Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement gains, which accompanied the monthly close.Despite an overall failure to tackle key resistance levels above $64,000, Bitcoin traders had renewed cause for optimism as July got underway.“Bitcoin has resumed its uptrend,” popular trader and analyst Rekt Capital summarized in one of several news posts on X […]
Tether signs MoU to promote crypto freedom in Turkey
(Coin Telegraph)-03/07/2024Tether is increasing its presence in Turkey by partnering with a local cryptocurrency firm to promote industry knowledge.The firm, issuer of the Tether stablecoin, has signed a memorandum of understanding (MoU) with local crypto platform BTguru to evaluate digital asset-related educational initiatives in Turkey, it announced on July 2.BTguru positions itself as a technology and strategy partner, specializing in virtual crypto […]
France may be next test of the euro’s foundations
(Reuters)-26/06/2024″Because it’s France” was how Jean-Claude Juncker, European Commission president at the time, explained Brussels’ decision in 2016 to give leeway to the large, founder member of the European Union on the bloc’s budget rules.That patience continued even as the EU endured a sovereign debt crisis that almost sunk the euro and forced smaller, more […]
Big US banks expected to be cautious on shareholder payouts
(Reuters)-26/06/2024Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.The central bank on Wednesday will release the results of its annual bank “stress tests” which assess how much cash lenders […]
Hong Kong shows off crypto, Web3 prowess in Toronto
(Coin Telegraph)-26/06/2024Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.Hong Kong government entities dedicated to attracting foreign investments visited a tech conference in Toronto, Canada, to advertise its offshore ready-to-move technology hub for Canadian crypto and Web3 startups.The Hong Kong […]
Bitcoin taps $62K as 6% BTC price rebound runs into stubborn US dollar
(Coin Telegraph)-26/06/2024Data from Cointelegraph Markets Pro and TradingView showed BTC price strength staging a tentative recovery after the Wall Street open.Bulls had suffered the day prior, as a trip to seven-week lows of $58,500 sparked a cascade of capitulations.Bitcoin’s relative strength index (RSI) reading on four-hour timeframes hit its lowest levels since August 2023 — the last time BTC/USD gave up […]
MetaID: The ambitious new protocol aiming to enable Web3 on Bitcoin
(Coin Telegraph)-26/06/2024Recently, a new Bitcoin-based protocol called MetaID has been released, with the ambitious goal of building Web3 entirely on Bitcoin. The devs behind MetaID believe that Bitcoin is the most suitable carrier for Web3. While this may seem like an ambitious plan, judging from the protocol’s history and the release of related infrastructure, it […]
German gov’t offloads 900 Bitcoin, 400 BTC sent to Coinbase and Kraken
(Coin Telegraph)-26/06/2024A “German Government (BKA)” labeled cryptocurrency wallet has sold over $54 million worth of Bitcoin. The German government’s wallet sold 900 Bitcoin in three individual transactions on June 25.The first 200 BTC transaction was sent to the Coinbase exchange, while the second 200 BTC transfer was sent to the Kraken exchange.However, a third transaction, worth 500 […]
Bitcoin analyst ‘optimistic’ of buying BTC lower as 3 trendlines fail
(Coin Telegraph)-19/06/2024Bitcoin (BTC) failed to reclaim $65,000 after the June 18 Wall Street open as analysts predicted further BTC price downside.Moving averages topple as BTC price goes under $65,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to maintain support near key trendlines.Bitcoin shed another 3% on the day, continuing a downtrend now responsible for up to $7,900 of […]
Ethereum price to $10K is the most ‘asymmetric bet’ in crypto — Analyst
(Coin Telegraph)-19/06/2024Ether’s price reaching the $10,000 mark could be the most “asymmetric bet” in the current cryptocurrency market conditions, according to one popular analyst. Can Ether reach the $10,000 mark during the current bull cycle?Ether to $10,000 could be the best bet in cryptoEther’s price reaching $10,000 could be the best bet in the current market, […]
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
(Coin Telegraph)-19/06/2024Brazil’s tax authority is reportedly planning to seek information from foreign cryptocurrency exchanges to find out how they operate in the country and whether its citizens are complying with the country’s new tax laws or not.The Receita Federal do Brasil (Federal Revenue of Brazil) is expected to publish an ordinance summoning these firms for […]
Retail crypto market growth in Canada driven by market factors, regulation
(Coin Telegraph)-19/06/2024Prospects for retail crypto trading in Canada are looking good, and a convergence of factors, including the local regulatory environment, is likely to continue driving market growth.“We have certainly seen retail come back,” Dean Skurka, CEO of Canadian crypto asset platform WonderFi, told Cointelegraph’s Sam Bourgi at the Collision event in Toronto.Canada experiences lucky […]
TRUMP token whale sells for $3.7M profit as memecoin starts decline
(Coin Telegraph)-19/06/2024A large memecoin holder, or whale, has made a $3.7 million profit after selling their MAGA (TRUMP) tokens amid the current market sell-off.Whale wallet “0x52C0” has sold over 171,000 TRUMP tokens for 414 Ether worth $1.44 million in the past 24 hours, for a total profit on their investment of over $3.7 million.The whale has […]