German Government Misses Out on $2.3 Billion by Panic-Selling Bitcoin Too Early
The German government sold nearly 50k bitcoins in the months of June and July at a price of $49,858 missing out on approximately $2.35 billion returns by Nov 2024.

The German government sold nearly 50k bitcoins in the months of June and July at a price of $49,858 missing out on approximately $2.35 billion returns by Nov 2024.
A retired artist Ed Suman, lost all of his entire crypto nest egg-worth more than $2 million-after falling victim to an elaborate phishing scheme involving scammers posing as Coinbase support representatives.
Méliuz became the first public company in Brazil to adopt Bitcoin as a main part of its business, buying 274.52 BTC for $28.4 million after shareholder approval. Since its first Bitcoin purchase in March, its share price has more than doubled.
A famous 1515 rhinoceros artwork by Albrecht Dürer has been turned into 11 silver sculptures by Asprey Studio and the British Museum, each linked to a digital record on the Bitcoin blockchain. The digital inscription proves ownership and connects the sculpture to its makers, combining old craftsmanship with new technology.
The bosses of crypto lender Cred have admitted in court to lying to customers about the company's financial problems. This deception led to the firm collapsing and investors losing a large amount of their digital money.
Tether bought $459 million worth of Bitcoin to support the launch of Twenty One Capital, a new investment firm preparing to go public. The company now holds over 36,000 BTC and plans to expand further after merging with Cantor Equity Partners.
BlackRock has highlighted quantum computing as a potential long-term threat to Bitcoin's security in its latest regulatory filing. Despite this caution, Bitcoin ETFs continue to see strong investor interest, with over \$41 billion in net flows since their launch.
New York City will host its first-ever Crypto Summit on 20 May as Mayor Eric Adams pushes to make the city a global leader in blockchain and digital assets. The event comes as Adams doubles down on crypto-friendly policies ahead of his 2025 re-election campaign.
American Bitcoin, co-founded by Eric Trump, will go public through a merger with Gryphon Digital Mining, expected to close by Q3 2025. The newly formed company will be listed on the Nasdaq under the ticker "ABTC" and aims to expand Bitcoin mining in the US.
Arizona has passed a new law allowing the state to take control of unclaimed cryptocurrency after three years. The assets will be managed in a reserve fund, with profits made through staking and airdrops—without using taxpayer money.
Vitalik Buterin criticised Elon Musk for the tone of discourse on X, urging a more measured approach to moderation. He warned that the use of the "banhammer" fails to manage speech effectively and exacerbates divisions.
A new YouTube scam is gaining attention, targeting aspiring fraudsters rather than large sums of money. Using a sophisticated wallet system, scammers deceive would-be thieves into losing small amounts of tokens. Is this a twist of fate?
Vietnam's authorities raided the headquarters of Million Smiles, a company behind a large cryptocurrency scam, preventing hundreds more from falling victim. The scam had already defrauded over 100 businesses and 400 individuals out of $1.17 million, with the company promoting a fake digital currency.
A security flaw in Tangem's app exposed users' private keys during email support interactions, sparking community criticism over the company's response. Tangem swiftly resolved the issue but faced questions about transparency and trust.
AI-generated reviews are flooding online platforms, making it harder to detect fake feedback. Despite efforts by companies and the FTC to tackle the issue, many fake reviews still deceive consumers.
Red Bull Racing has ended its three-year partnership with cryptocurrency exchange Bybit, dropping the sponsor ahead of the 2025 season. The team appears to be shifting its focus to more performance-driven partnerships, distancing itself from the cryptocurrency sector.
A Ministry of Home Affairs (MHA) report identifies WhatsApp, Telegram, and Instagram as top targets for online scammers, posing significant risks to their millions of daily users.
Malaysia's new social media law requires platforms with over 8 million users to obtain operating licences, and WeChat and TikTok have already secured theirs. Some platforms, like X (formerly Twitter) and Google, have yet to apply, facing potential regulatory action if they don't comply.
Do Kwon, now in US custody, has pleaded not guilty to fraud charges tied to TerraUSD’s $40 billion collapse. Following his extradition, the Justice Department seeks prison time for financial fraud and fake passports, while South Korea sought a 40-year sentence. Calm in court, Kwon faces a long legal battle. Is he unrepentant or truly innocent?
Telegram enhances security with decentralised verification and adds NFT gifting and advanced search, fuelling a TON price rally.