Day: July 9, 2024

Bitcoin price shrugs Germany’s $362m exchange deposit 

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Bitcoin’s market price stabilized as Germany’s government shredded its BTC holdings from over 50,000 coins to under 23,000 tokens.  According to on-chain insight provider Arkham Intelligence, Germany’s government transferred 6,306.9 Bitcoin (BTC) valued at over $362 million to several entities, including centralized exchange Kraken, on Tuesday. Kraken received 800 BTC worth $45.9 million, while market makers B2C2 Group and Cumberland DRW were sent $287.1 million and $6.2 million in Bitcoin, respectively.  A fourth address marked as “unlabeled”, likely an OTC desk, was sent 400 BTC or around $24 million in…

Jasmy price bull run is not over yet, crypto analyst says

JasmyCoin price has recently lost its momentum and moved into a deep bear market as it dropped by almost 50% from its highest point in June.  JASMY was trading at $0.0230 on Tuesday, a 20% increase from its lowest point on Friday when most cryptocurrencies dropped. The token has declined due to ongoing headwinds in the crypto industry as the German government continued moving Bitcoins to exchanges. Concerns about Bitcoin liquidations by Mt.Gox also contributed to a negative sentiment that is felt across the entire industry. These events have led…

Tezos Introduces Jstz: Empowering Blockchain Development with JavaScript

Tezos is set to revolutionize blockchain development with the introduction of Jstz, a Smart Rollup powered by JavaScript. According to Tezos Spotlight, this innovative step aims to lower the barriers for developers entering the blockchain space by enabling them to use familiar tools and languages. Breaking Down Barriers Traditionally, blockchain development has required the use of bespoke languages and tools, creating a significant barrier to entry. Jstz, however, aims to democratize access by allowing developers to use JavaScript, a language known and loved by nearly…

Former FTX Execs Nishad Singh, Gary Wang to Be Sentenced Later This Year

Following their pleas shortly after FTX’s massive, industry-shaking collapse in late 2022, they testified against Bankman-Fried at his trial, saying they were made aware of wrongdoing at the exchange shortly before it filed for bankruptcy. Another former FTX executive, Ryan Salame, was recently sentenced to 7.5 years in prison after pleading guilty to campaign finance charges. Salame did not testify against Bankman-Fried. Source

US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million

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On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows. Blackrock’s IBIT Dominates With $187.21 Million Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the […] Original

If History Repeats, Bitcoin Could Crash 33% Again: Here’s Why

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The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to Jacob Canfield, a trading mentor at the Trading Mastery. Canfield’s latest analysis points to a potential further decline in the Bitcoin price, potentially reaching lows not seen since the beginning of the year. Why Bitcoin Price Could Crash Another 33% Canfield’s analysis on TradingView hinges on historical patterns observed in Bitcoin’s…