Germany

The post Is Another Bitcoin Crash on Cards ? Will The U.S Government Sell All Bitcoins like Germany? appeared first on Coinpedia Fintech News In a recent development, Peter Schiff, a Gold bug and a staunch Bitcoin critic, has taken to X to share his views on a statement made by the pro-crypto Donald Trump in his recent speech at the Bitcoin conference.  Trump To Keep 100% Of The BTC Held If Elected Trump had said, “If I am elected,…

With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8…

Last week, Germany completely emptied its Bitcoin reserves by sending off its final tranche. With this particular overhang on Bitcoin done, its price is continuing to recover, gaining 9.8% since the local bottom nine days ago. Let’s find out more.  Bitcoin  The German government has now sold all of its Bitcoin holdings - going from nearly 50,000 BTC to zero in a very short amount of time. Bitcoin has absorbed the impact and is continuing its recovery. The $BTC price…

After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with expectations of further price appreciation for the largest cryptocurrency on the market. 9.9% Of Seized BTC Remains On-chain data from market intelligence firm Arkham reveals…

Bitcoin, the largest cryptocurrency by market capitalization, has experienced a significant price dip recently, sparking discussion about a potential deeper market crash. As a result, many crypto investors have begun to seek cryptocurrencies that will serve as an alternative investment to Bitcoin. In this guide, we have listed 5 different cryptocurrencies that are the best Bitcoin alternatives right now. We also review each of the listed cryptocurrencies to help make the best possible choice.  Best Bitcoin Alternatives in 2024 -…

The German government has extended its significant Bitcoin (BTC) transfers over the past day, continuing the trend that began last month. Bitcoin addresses linked to German authorities sent another 700 BTC, worth $40.47 million, to the ‘139PoP’ address this weekend. This transaction was identified through the on-chain analytics firm Arkham. German Government Bitcoin Transfers Reports suggest that this transfer indicates a potential intention to sell the assets, as the unlabeled address may belong to an institution or an over-the-counter service…

The German government has begun moving a large sum of Bitcoin days following a similar move made by the European Nation, which helped lead to BTC price drops. Moreover, the United States has also begun moving the cryptocurrency. In total, 1,500 BTC was worth $94.94 million, and many of these tokens were spread across accounts on major crypto exchanges, based on data from Arkham Intelligence. The key cryptocurrencies which are being accumulated the most now include TRON (TRX), Chainlink (LINK)…

DWS collaborates with Galaxy Digital to launch cost-efficient Exchange Traded Commodities (ETCs) for Bitcoin and Ethereum, providing seamless integration into investment portfolios. The new ETCs, listed on the Deutsche Börse, are physically backed and stored in secure, offline ‘Cold Storage,’ offering investors a transparent and liquid investment option in the digital asset space. In a groundbreaking move that signals the increasing acceptance of cryptocurrencies as a legitimate asset class, DWS, Deutsche Bank’s investment arm, has partnered with Galaxy Digital, a…

Crypto holders in the country will no longer be held to the previous traditional "10-year" rule.   Germany’s federal ministry of finance has published a release outlining its plans for taxing crypto and blockchain-related income.   Among other things, Germans who sell their crypto holdings after 1 year of possession do not have to pay taxes.  Tax-Free After a Year According to Parliamentary State Secretary Katja Hessel, this applies specifically to digital currencies Bitcoin and Ethereum. This is only one of…