Governments

The post Bitcoin News: Are Global Governments Secretly Stocking Up Crypto? Here’s the Truth appeared first on Coinpedia Fintech News According to the latest video from Altcoin Daily, there is a great financial digital asset war going on right now between nation-states. They are all trying to accumulate as many digital assets and digital infrastructure as they can.  But wait. What does this all mean? Read on to discover the shocking details of this digital gold rush as we take…

The post How Bitcoin Price Could Benefit from the U.S. Government’s $35 Trillion Debt and Reach New Highs of $100K appeared first on Coinpedia Fintech News Bitcoin’s long-term trajectory remains bullish, especially in light of the increasing U.S. government debt and resulting inflationary pressures. However, analyst Josh of Crypto brought to attention a new warning signal on the Bitcoin chart. Bitcoin just confirmed a bearish signal, while Ethereum is facing rejection from a crucial resistance level.  The US government debt…

US Republican Presidential candidate Donald Trump made his much-anticipated appearance at the Bitcoin 2024 conference in Nashville on July 27. Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected.  What Donald Trump Plans To With The US Bitcoin Holdings During the Bitcoin conference, Trump stated that if elected, his administration would implement a policy mandating the US government to keep “100%” of the Bitcoin it currently…

Crypto Market Feels Government Chill While Clandeno (CLD) Heats Up with Live ICO The cryptocurrency market is experiencing a wave of uncertainty as government actions cast a shadow over some major coins. Leading cryptocurrencies Binance Coin (BNB) and Dogecoin (DOGE) are facing price declines, potentially triggered by news that governments are selling off seized tokens. This cautious atmosphere, however, is not deterring all investors. Clandeno (CLD), a project building a decentralized e-commerce platform, is witnessing a surge in interest as…

The post German Government’s Bitcoin Activity appeared first on Coinpedia Fintech News In the past 24 hours, the German government’s Bitcoin wallet has been notably active, transferring out 6,307 BTC ($362.1M) and receiving 2,810 BTC ($161.6M). This suggests a net sale of 3,497 BTC ($200.5M), reducing their current holdings to 23,964 BTC ($1.38B). From June 19 to July 5: The German, US, and Mt. Gox wallets collectively moved 17,788 BTC ($1.08B). July 7: The German Govt transferred 700 BTC ($40.47M).…

According to on-chain data from blockchain analytics platform Arkham Intelligence, the German government has continued its massive Bitcoin (BTC) sell-offs on July 8. The government just sent 2,738.7 BTC, equivalent to $155.3 million, to markets and exchanges like Kraken, Cumberland, and address ‘bc1qu.’ Market Reactions to German Bitcoin Sell-Offs Notably, the German government sent 1,533 BTC, or $87.6 million, within the past hours. Before this, the German government had no previous interaction with the Cumberland or bc1qu addresses. A few…

The post Governments Move $106M in Crypto as BTC and ETH Surge appeared first on Coinpedia Fintech News In the past hour, the German and US governments moved $106M worth of BTC and ETH. Germany moved 1,500 BTC ($94.7M), sending 400 BTC ($25.3M) to Bitstamp, Kraken, and Coinbase, holding 44,692 BTC ($2.81B). The US moved 3,375 ETH ($11.75M) to a new wallet, holding 49,320 ETH ($172M). This follows a recent surge, with BTC jumping 3% and ETH rising 1.75% yesterday.

The German government sold 900 BTC worth over $54 million on June 25. The government’s Bitcoin wallet still holds over $2.8 billion worth of BTC, which could exert significant selling pressure. The current instability in the crypto market has triggered a surge in transactions as both whales and investors reshuffle assets to navigate the downward momentum. This activity has revived long-dormant wallets and attracted attention from large-scale portfolio holders, including the German government. German Government Shuffles Bitcoin A crypto wallet…

The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market.  The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing Bitcoin from consolidating above $70,000 and retesting its previous all-time high. Whales And German Government Fuel Market Volatility According to blockchain analysis platform Arkham, the…