[ad_1] The German government has transferred another chunk of its massive Bitcoin reserves to exchanges.According to blockchain data, the German Federal Criminal Police Office (BKA) moved roughly $75 million worth of Bitcoin across multiple transactions on July 4th. The funds were spread across exchanges, including Coinbase, Kraken, and Bitstamp.This comes after the government shifted around $315 million in bitcoin to various platforms since mid-June. Germany has offloaded over $390 million in Bitcoin in under a month.In 2013, the BKA seized nearly 50,000 bitcoin linked to the former operator of the film piracy website Movie2K. The stash is estimated to be…
Author: dfrancis36
[ad_1] A closely followed crypto strategist believes that one Ethereum (ETH) rival is in an uptrend after retesting the $120 range last week. Pseudonymous analyst Altcoin Sherpa tells his 217,700 followers on the social media platform X that Solana (SOL) appears to have more upside potential after holding the 200-day exponential moving average (EMA) as support. “SOL: I didn’t trade this… I think SOL looks good for higher though.” Source: Altcoin Sherpa/X Solana is trading for $140 at time of writing, down 8.5% in the last 24 hours. Next up, the analyst says that Bitcoin (BTC) has yet to confirm…
[ad_1] Ethereum (ETH) is experiencing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline highlights increased selling pressure and growing bearish sentiment in the market. As Ethereum nears this critical threshold, traders are closely monitoring its behavior for signs of either a stabilization or a further drop. The $3,051 support level is now a focal point, determining the short-term direction of Ethereum’s price action and potentially setting the stage for future movements in the cryptocurrency market. This article aims to analyze the sharp decline affecting the digital asset and its impact on…
[ad_1] UK-based fintech company Gold-i and crypto liquidity provider Cypator have announced a new partnership aimed at improving cryptocurrency liquidity access for retail brokers. The collaboration integrates Cypator’s crypto liquidity pools with Gold-i’s MatrixNET liquidity management platform.Gold-i and Cypator Join Forces to Boost Crypto Liquidity for Retail BrokersThis integration is designed to provide retail brokers using Gold-i’s MatrixNET with access to Cypator’s cryptocurrency liquidity and execution services. The partnership aims to address challenges in the crypto trading market, such as liquidity depth and execution speed for retail clients.According to the companies, the integration will allow brokers to offer their clients…
[ad_1] A major thing that is happening for Shiba Inu is the rapid acceleration in the burn rate that has sent more SHIB tokens to the burn address. In addition to the surges that have been recorded this week, there has been an over 72,000% increase in the burn rate in a bare 24-hour period, marking a turn in the sentiment for investors. Shiba Inu Sees 72,453% Increase In Burn Rate According to data from the Shibburn website, a site dedicated to the tracing of the total Shiba Inu tokens burned daily, the SHIB burn rate saw an accelerated 72,453.59%…
[ad_1] Popular crypto analyst Crypto Rover is navigating the choppy waters of the Bitcoin market, offering a measured analysis tinged with cautious optimism. In a recent YouTube video, Rover dissected the recent price action, highlighting both bearish indicators and potential bullish triggers that could send Bitcoin soaring. Related Reading Bitcoin Tests Crucial Support, Buy Orders Set The immediate future of Bitcoin appears to hinge on its ability to hold key support levels. Rover pinpointed the $58,000 to $60K mark as a critical zone, with a breach potentially leading to further price decline. However, the analyst isn’t throwing in the towel…
[ad_1] The cryptocurrency and decentralized finance (DeFi) sectors suffered a staggering $1.19 billion in losses due to hacks, scams, and exploits in the first half of 2024, according to a new report from blockchain security firm CertiK.Crypto Security Woes Deepen as H1 Losses Hit $1.19 BillionThe “Hack3d: The Web3 Security Quarterly Report” for Q2 and H1 2024, released this week, paints a sobering picture of the crypto industry’s ongoing security challenges. Phishing attacks emerged as the most damaging vector, accounting for $497.7 million in losses across 150 incidents.”Q2 2024 experienced the highest losses since Q3 of the previous year, despite…
[ad_1] A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a major altcoin that’s gone up by over 500% in five months. The analyst pseudonymously known as Bluntz tells his 264,100 followers on the social media platform X that FLOKI (FLOKI) is forming a “solid” support level on the four-hour chart. Based on an attached chart, it appears that Bluntz is suggesting that FLOKI has also formed an inverse head and shoulders (IHS) pattern, which is typically considered a bullish signal. “It’s going to rip in my opinion.” Source: Bluntz/X FLOKI is trading at $0.000178 at time…
[ad_1] Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an…
[ad_1] A federal judge has ordered an Oregon man and his companies to pay over $83 million in restitution to victims of a fraudulent digital asset investment scheme that operated as “a classic Ponzi scheme,” according to court documents.Court Orders $83 Million in Restitution for Digital Asset Fraud SchemeJudge Mary Rowland of the US District Court for the Northern District of Illinois granted summary judgment to the Commodity Futures Trading Commission (CFTC) against Sam Ikkurty and several of his companies, including Jafia LLC and Ikkurty Capital LLC. The court found the defendants violated the law through fraud and failure to…