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.
Ethereum's liquid staking protocols show remarkable growth, underpinning its leadership in the cryptocurrency investment realm.
Hackers steal millions in cryptocurrencies, converting them into Ethereum, with suspected ties to the Lazarus Group, amidst ongoing security concerns.
CoinsPaid suffers a second major hack, losing $7.5 million in cryptocurrencies due to inadequate security measures
Over $1 billion in Bitcoin withdrawn from Kraken, speculated as a response to the upcoming SEC decision and market uncertainties.
BRICS nations challenge US dollar dominance with new currency and growing alliance, signalling a shift in global financial power.
Despite a mixed analysis of market indicators and the potential for a bullish pattern, the impending complete token unlock stands as a crucial factor influencing INJ's trajectory. While social metrics lean towards positive sentiment, market indicators depict a cautious outlook, signaling a potential price decline or consolidation in the short term. Investors are advised to closely monitor market developments around the unlocking event for a clearer perspective on INJ's future price movement.
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, contemplates leaving Ireland amid concerns over stringent crypto regulations, potentially shaking up the European crypto landscape. The standoff revolves around licensing issues, with Gemini warning that Ireland's allure for crypto investment is at risk.
Nigeria's CBN approves cNGN stablecoin, fostering a new digital currency era, but skepticism about its adoption persists.
ChatGPT may soon challenge Google Assistant's dominance on Android, indicating a significant shift in AI voice assistant choices for users.
Crypto job postings on LinkedIn dropped significantly despite industry enthusiasm, but major exchanges like Coinbase and Gemini show signs of optimism amidst uncertainty over Bitcoin's stability and SEC decisions. The broader crypto landscape remains unpredictable, awaiting clarity on adoption and market trends.