The recent announcement from Arkham Intelligence indicating that Germany’s on-chain Bitcoin wallet balance has reached zero is extremely significant. This news suggests that the sell pressure from Germany, a major player in the European economy, is likely coming to an end. The latest outflows from the wallet mark the conclusion of a bearish trend that
Crypto
During a hearing on July 11, Judge Katherine Polk Failla showed skepticism towards Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. The Judge expressed her doubts regarding Coinbase’s efforts to acquire Gensler’s communications, including statements made before he took on the role of SEC Chair in
Ethereum’s price has been facing a significant decline recently, particularly after being rejected for the second time at the $4,000 resistance level. This rejection has led to a series of lower highs and lows on the daily chart, indicating a bearish trend in the market. Additionally, the price has broken below the critical 200-day moving
The recent news coming out of the German state of Saxony has caused quite a stir in the cryptocurrency community. The state has been rapidly depleting its Bitcoin reserves after seizing assets from the film piracy website Movie2K earlier this year. The government has been auctioning off around $3 billion worth of BTC, with a
Bitcoin experienced a surge in price, reaching close to $60,000 after the release of CPI numbers. However, this upward momentum was short-lived as the cryptocurrency retraced by over two thousand dollars. The market has been highly volatile, with the asset’s price moving dramatically in a matter of hours. While Bitcoin has been on a rollercoaster
Railgun, a popular crypto privacy protocol, recently made headlines for successfully foiling an attempt by Inferno Drainer to launder stolen funds. The anti-money laundering tracking system, MistTrack on X, revealed that over 174 ETH, equivalent to $533,000, was intercepted by Railgun. This forced the perpetrators to return the stolen ETH to Inferno Drainer’s original wallet,
Bitcoin, the leading cryptocurrency, recently experienced a halt in its upward momentum as the price dropped from its climb towards $60,000 to just over $58,000 after a minor retracement in the past day. This retracement comes after a period of recovery following a significant drop to a multi-month low of just under $54,000. The pressure
Recently, wallets linked to the CoinStats exploiter made a significant move by transferring almost $1 million in Ether to the controversial crypto mixing protocol Tornado Cash. This action comes shortly after CertiK, a blockchain security firm, identified two wallets connected to the CoinStats exploit in June moving a total of 311 ETH to Tornado Cash.
In a recent turn of events, popular Canadian musician and actor, Drake, lost a significant Bitcoin bet after Canada was defeated by Argentina in the Copa America semi-final. Drake had bet a whopping $300,000 worth of Bitcoin on his home country to beat Argentina in the match. This loss adds to a long list of
Binance, the world’s largest cryptocurrency exchange, recently announced that it will be suspending deposits and withdrawals for approximately one hour on July 17th. This decision is a part of a scheduled wallet maintenance process. Despite this temporary setback, trading services will remain unaffected. It is essential to note that Binance will not provide any further
