Germany has lost $124 million in profits from selling Bitcoin
Fearing a sudden collapse in the price of Bitcoin, the state of Saxony hastily ordered the sale of its 50,000 Bitcoin reserves.
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Fearing a sudden collapse in the price of Bitcoin, the state of Saxony hastily ordered the sale of its 50,000 Bitcoin reserves.
NYDIG’s Greg Cipolaro said recent blockchain moves have stoked “irrational” fears, providing investors with a buying opportunity.
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As Bitcoin and Ethereum options expire, a $3.4 billion event adds to selling pressure. Markets at $1.64 trillion valuation show a 0.5% gain but face downward trends. Grayscale and miner sell-offs persist, impacting Bitcoin and Ethereum prices.
This makes Commerzbank the first full-service German bank to receive such a license. With the license, it enables Commerzbank to provide custody services for crypto assets and expand its offerings to include "further digital asset services."
Mark Branson said a hands-off approach that would "just let the industry grow as a playground for grownups" was the wrong tactic.
Selling pressure had been mounting on public bitcoin miners over the last couple of months. This was a direct result ...
Cypherpunk is one of the first public firms in the world to ever invest in Bitcoin and it opted to sell 100% of its crypto by June 2022.
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
Crypto data firm Arcane Research said that if listed bitcoin mining companies sell off a large portion of their supply, "this could push the price of bitcoin further down."