China's central bank announced a number of stimulus measures this week, creating liquidity conditions that analysts believe will help boost bitcoin prices.
AlexRobert Kiyosaki warns of a financial crisis influenced by AI, urging investment in Bitcoin and silver. He predicts Bitcoin could reach $1 million by 2030, advocating for safe haven assets.
EdmundChina’s aggressive stimulus package may stimulate global liquidity, but the country’s ongoing ban on cryptocurrency trading limits its direct impact on Bitcoin and other digital assets. While some crypto investors remain hopeful that the influx of liquidity will ultimately benefit Bitcoin’s price, significant gains have yet to materialize. With global markets closely watching both China’s economic recovery efforts and the crypto industry’s resilience, the next few months could prove pivotal for both sectors.
WenJunChina has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.
XingChiSweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.
WeatherlyA Bitcoin whale wallet was reactivated after nearly 11 years, sparking speculation of a connection to Satoshi Nakamoto. Data shows an increase in both large and small wallets, while mid-tier holders have decreased, reflecting a changing Bitcoin market.
WenJunElon Musk and President Nayib Bukele discussed global innovation and technology but avoided crypto conversations during their meeting in Austin. Musk praised Bukele’s leadership, while El Salvador’s Bitcoin investments continue to show positive returns.
WenJunAt TOKEN2049 Singapore, Vitalik Buterin delighted the audience with a surprise performance of the Castle in the Sky theme song. He also discussed Ethereum’s reduced transaction fees as crucial for mainstream adoption and emphasized the need to balance decentralisation with practicality.
CatherineAccording to data collected on the chain, China's cryptocurrency holdings are estimated at $11 billion, and the US government's holdings are ranked first at $12.2 billion. In terms of companies, Musk's Tesla ranked only fourth, lagging behind MicroStrategy's $14.768 billion.
AlexMicroStrategy plans to raise $875M through bond issuance, aiming to repay debt and further increase its substantial Bitcoin holdings.
EdmundThe core reason is that ETC is a POW blockchain with a fixed monetary policy that supports smart contracts in a highly secure environment.
JinseFinanceAfter announcing the acceptance of crypto donations, Donald Trump continues to reaffirm his love for crypto while throwing shade at Joe Biden and declaring he would commute Silk Road’s founder’s life sentence. But advocates warn of politicians’ pro-crypto u-turn; is it all just a ploy to gain votes?
CatherineTrump, cryptocurrency, US President, United States, Trump: If re-elected, Silk Road founder will be released Golden Finance, Silk Road founder Ross Ulbrich has served 11 years in prison.
JinseFinanceUS Department of Justice moves $2 billion worth of Bitcoin from seized Silk Road wallet to Coinbase. Transfer involves test transaction followed by 2,000 BTC sent to Coinbase Prime. Majority of funds remain unspent. Bitcoiners monitor large holder movements closely, anticipating potential market impact.
Huang BoU.S. government's $118 million Bitcoin sale from Silk Road stirs discussion. Experts downplay impact, citing small size compared to recent Grayscale sales. Represents 1.5% of government holdings and less than 1% of Bitcoin's circulating supply. Trend shifts towards direct exchange sales.
Huang BoU.S. court finalizes forfeiture of Silk Road-linked bitcoin, marking a significant moment in digital asset jurisprudence.
EdmundAside from Ulbricht's case, he has also promised to grant amnesty to Edward Snowden and Julian Assange
Clement
Coinlive The Department of Justice (DOJ) appears to be continuing its 50,000 BTC sale that began earlier this year.
cryptopotatoThe Association of Certified Anti-Money Laundering Specialists' crypto and illicit finance expert says the industry needs to be more than "reluctant good citizens." This article is part of CoinDesk’s Sin Week.
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