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Bitcoin sale nets German government $2.8B
17.7.2024
The Dresden Public Prosecutor’s Office has confirmed the emergency sale of 49,858 Bitcoin between June 19 and July 12, 2024, in connection with the Movie2k investigation
German Government Bagged $2.88B in the Bitcoin Sell-Off
17.7.2024
German law enforcement agencies have successfully converted their seized Bitcoin into a staggering $2.88 billion (€2.639 billion). This sale marks one of the largest liquidations of confiscated cryptocurrency by any government to date. German Government Offloaded Bitcoin Holdings Strategically...
German gov’t was rushing to sell Bitcoin to maximize liquidity: Arkham CEO
17.7.2024
Using five different crypto exchanges suggests that the wallet sought to maximize liquidity on each order book and sell Bitcoin as soon as possible
German gov’t was rushing to sell Bitcoin to maximize liquidity: Arkham CEO
17.7.2024
Using five different crypto exchanges suggests that the wallet sought to maximize liquidity on each order book and sell Bitcoin as soon as possible
Bowser Star Jack Black Cancels Tenacious D Tour Over Trump Joke Backlash
16.7.2024
Rock duo Tenacious D (Jack Black and Kyle Gass) are in crisis mode following backlash to a joke about the attempted assassination of former President Donald Trump at a campaign rally over the weekend. “After much reflection, I no longer feel it is appropriate to continue the Tenacious D tour,...
Weekend Wrap: Bitcoiners troll German govt, CoinStats blames Lazarus and more
15.7.2024
Bitcoiners sent crude messages to the German government as they dusted it with small donations; CoinStats says North Korea’s Lazarus Group may be behind the recent $2.2 million exploit and more
Bitcoin whales snapped up $4.3B of BTC amid price slump
15.7.2024
Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed
Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales
14.7.2024
Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like...
German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review
14.7.2024
Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s...
What’s next for Bitcoin price now that German gov't BTC balance hits zero?
14.7.2024
The German government got rid of all of its Bitcoin, but it could still be a bit early to expect a trend reversal in BTC price
What’s next for Bitcoin price now that German gov't BTC balance hits zero?
14.7.2024
The German government got rid of all of its Bitcoin, but it could still be a bit early to expect a trend reversal in BTC price
German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations
13.7.2024
According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty...
German government offloads its final Bitcoin holdings
12.7.2024
The German government officially has zero BTC left after weeks of dumping its reserves onto the market, suppressing the price
German Government Is Now out of Bitcoin, Arkham Data Shows
12.7.2024
The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German...
Bitcoin risks 30% loss against XRP if 'triple bottom' confirms
12.7.2024
XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox and German government-led sell-off in the BTC market may spark renewed interest in the altcoin
Bitcoin risks 30% loss against XRP if 'triple bottom' confirms
12.7.2024
XRP has significantly lagged behind Bitcoin in 2024, but a recent Mt. Gox and German government-led sell-off in the BTC market may spark renewed interest in the altcoin
Coinbase Report: Crypto Market Shook by German BTC Sales; Recovery Expected by September Despite US Economic Slowdown
12.7.2024
The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust...
Bitcoin bottom signal? German gov’t runs out of BTC to sell
12.7.2024
Bitcoin price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC
Bitcoin bottom signal? German gov’t runs out of BTC to sell
12.7.2024
Bitcoin’s price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC
German gov’t Bitcoin wallet drops to 5,800 BTC after major sale
12.7.2024
With 5,800 Bitcoin remaining, the German government has sold 88.4% of its original 50,000 BTC