Germany intensifies Bitcoin sell-off before 5% rebound in market rally

The German government is intensifying its divestment of Bitcoin seized from a movie piracy website, adding selling pressure to an already jittery market. According to Arkham Intelligence data, the government transferred 900 BTC, valued at over $54 million, in three transactions on June 25.

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Bitcoin miners unload their reserves at fastest pace in over one year, data shows

Bitcoin miners and the German government are selling their reserves, with Bitcoin's market dominance hitting a 3-year high. The post Bitcoin miners unload their reserves at fastest pace in over one year, data shows appeared first on Crypto Briefing.

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Italy considers $5.4m in penalties for crypto insider trading: report

Italy is reportedly considering increasing fines for crypto crimes as part of measures to reduce market manipulations. Italy‘s government is mulling tougher penalties for those who manipulate the crypto market, Reuters has learned, citing a draft decree. The proposed legislation,…

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German Government’s $425 Million Bitcoin Transaction Stirs Market

The German government’s Bitcoin (BTC) wallet, labeled by Arkham, moved 6,500 BTC worth over $425 million, fueling market speculation. The post German Government’s $425 Million Bitcoin Transaction Stirs Market appeared first on BeInCrypto.

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Four offshore crypto exchanges eye return to Indian market

India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the…

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Dogeverse and Kangamoon Investors Enjoy High Returns on MoonBag Presale

Did you know that over 23,000 cryptocurrencies exist? However, there are only 180 fiat currencies in the world. The crypto market is intended to offer an easy way to trade without government restrictions and third-party interference.

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India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto

India's voters have sprung an election surprise, even though Prime Minister Narendra Modi's party and its allies are poised to return to power, a result that could see the government kick the crypto policy can down the road" in terms of its priorities.

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FIU steps up AML and CFT compliance for crypto exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial…

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UK gov’t calls for action on AI copyright, market competition

The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards.

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Crypto Giant Binance Pays Hefty $2M Fine To Reignite India Foothold – Details

Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year.

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XRP Eyes Mega Surge To High Prices As Ripple Readies To Storm $155 Billion Stablecoin Market

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Circle CEO praises Ripple for launching own stablecoin on XRP

Jeremy Allaire, the CEO of stablecoin issuer Circle, has welcomed Ripple’s entrance into the market. Earlier today, crypto firm Ripple revealed plans to launch a stablecoin that would be 100% backed by US dollar deposits, government bonds, and cash equivalents.

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Ripple announces plans to issue USD-backed stablecoin

Ripple has just announced plans to launch its own stablecoin, news that has seen the price of XRP surge more than 6% amid market’s reaction. According to a press release on April 4, Ripple’s new stablecoin will be pegged 1:1 to the US dollar (USD) and be 100% backed by USD deposits, short-term US government […]

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Bitcoin: Crypto markets on the edge after US’ $2-billion Silk Road BTC move

The cryptocurrency market was abuzz with speculation following a significant on-chain transaction orchestrated by the U. S. government on Tuesday. According to Spot on Chain, a wallet controlled by the U.

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Data shows US government often sells at the local lows in the market

Quick Take On Apr. 2, CryptoSlate reported that the US government sold 1,999 Bitcoin (BTC), valued at approximately $130 million, from a wallet associated with Silk Road to the digital assets exchange Coinbase.

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Bitcoin Price Plummets As US Government Transfers $2B In Seized Silk Road BTC, Coincidence?

The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace. This development comes at a critical time for the Bitcoin price, which has struggled to maintain its position above the $70,000 threshold after hitting its current all-time high (ATH) of $73,700 on March 14.

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Crypto In The Spotlight: Estonia Greenlights Regulation Bill

Estonia, a nation long known for its embrace of digital innovation, is revamping its cryptocurrency regulations to create a more robust and transparent market. The Estonian government recently approved a bill that will significantly increase oversight of cryptocurrency service providers, bringing them under the stricter purview of the Financial Supervision Authority (FSA). This shift marks […]

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US Government Continues Bitcoin Seizures, Controls Nearly 1% of Circulating Supply

Massive Bitcoin seizures from Bitfinex hackers add to US government stockpile. Snowden predicts major government entry into Bitcoin market.

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Indonesia’s Crypto Evolution: Government Eyes Changes In Taxation Landscape

Indonesia’s crypto market faces a period of change and reassessment, as evidenced by falling tax revenue and planned regulatory shifts. While Bitcoin surged in value throughout 2023, the country’s crypto tax revenue plummeted by over 60% compared to the previous year, raising concerns about the effectiveness of the current tax regime. Related Reading: Former FTX, […]

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How Japanese GameFi Sector Plans to Capture a $44 Billion Gaming Market

In an ambitious push, Japan's GameFi community, led by Oasys's Ryo Matsubara, seeks government support to overcome liquidity hurdles and leverage the $44 billion gaming market potential. The post How Japanese GameFi Sector Plans to Capture a $44 Billion Gaming Market appeared first on BeInCrypto.

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Nigeria reportedly plans to ban Binance, other crypto firms over their ties to forex

The Nigerian government is said to be considering blocking Binance and other crypto firms to prevent forex market manipulation and illicit fund movement. Crypto exchange Binance and other digital asset trading platforms are risking being banned in Nigeria, as the…

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Altcoins turn bullish: Bitcoin Dogs presale approaches $3M as Filecoin gears for 200% surge

The cryptocurrency sector is optimistic as Bitcoin (BTC) maintains beyond the $50K level. Some believe market conditions might weaken soon, impacting government assets negatively and possibly triggering bullish price movements in the digital coins marketplace.

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Galaxy’s Novogratz predicts Bitcoin reaching $70k with ETF approval

Galaxy Digital founder Mike Novogratz believes the market will see a ‘pretty successful shift of psychology’ when the government allows spot Bitcoin ETFs. Bitcoin (BTC) is poised to reach its old highs a year from now, should the U.S. Securities…

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UK treasury secretary unveils new law to strengthen digital asset industry

The UK government has announced the implementation of the Digital Securities Sandbox, a significant initiative aimed at integrating digital assets into the nation's financial market infrastructure.

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Moody’s Drops A Bombshell On The US Economy – Brace Yourself For Crypto Market Waves

Moody’s Investors Service recently made a pivotal move, lowering its ratings outlook on the United States government from stable to negative. This shift is rooted in the increasing risks to the nation’s fiscal strength, attributed to factors such as escalating interest rates and a lack of effective fiscal policy measures.

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Russian bank begins tracking customer crypto activities

By tracking crypto transactions, the Russian government seemingly wants to make a regulatory field for state corporations to enter the market.

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Global Regulatory Tightening on Cryptocurrencies: Implications for SPCT, BNB, and TON Valuations

Regulators from Europe, the US, and many other nations are tightening their grip on digital assets. Therefore, they are implementing new rules to bring crypto under government scrutiny. Despite these developments, top crypto coins, BNB (BNB), VC Spectra (SPCT), and Toncoin (TON), are showing an upward trend in the market. Let’s explore how are these […]

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MENA’s crypto market flourishes amid challenges of Shariah compliance | Opinion

The rapid growth in crypto adoption in government, business, and consumer spheres has set MENA on track to becoming one of the dominant players in the blockchain industry.

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Peter Schiff is wrong about Bitcoin

Peter Schiff, the Chief Market Strategist at Euro Pacific Asset Management, is one of the most respected people in finance. He has been right on so many things in the past, including the pace of interest rates, US government debt, and the ongoing risks in the market.

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UK parliament calls for NFT copyright protection rights

A cross-party committee of the UK Parliament has called on the government to protect the rights of artists and consumers in the NFT market. The committee members also raised concerns about fan tokens in sports, which are a type of…

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How Will Wiping US Student Debt Impact the Crypto Market?

President Biden announced that the US government will cancel student debt, sparking mixed reactions and speculation about potential impact on Bitcoin's price and increased burden for taxpayers. The post How Will Wiping US Student Debt Impact the Crypto Market? appeared first on BeInCrypto.

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The 10-2 Treasury yield spread: A harbinger of economic downturn?

Treasury yields are one of the most important market drivers and indicators. Representing the return an investor will receive by holding a government bond to maturity, these yields provide a snapshot of investor sentiment, future interest rate expectations, and the overall economic health of a nation.

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Chainalysis cuts staff by 15%, shifts to government contracts

In response to challenging market conditions, blockchain analytics firm Chainalysis has confirmed a significant workforce reduction, shedding approximately 15% of its employees, totalling around 150 staff members.

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Uptober Price Boom: Bitcoin Blasts Through $28,000 After US Narrowly Dodges Government Shutdown

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Memeinator presale: Nearly $700k raised even as US government shutdown looms

A looming US government shutdown could prove a headwind to the broader market as crypto and stocks step into October. It’s an outlook that could be worse off for meme coins as a new era begins with the arrival of the Memeinator (MMTR).

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U.S. government shutdown looms, creating uncertainty in crypto market

With the U.S. government shutdown on the horizons, the crypto market faces growing uncertainty amid key economic events, challenging traditional investment norms.

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U.S. Treasury yield spread dips to historic lows signaling economic caution

The U. S. Treasury yields have recently been flashing warning signs. These yields, representing the return on investment for U. S. government bonds, serve as a crucial barometer of market sentiment and overall economic vitality.

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China’s Baidu and other tech companies release ChatGPT-like AI chatbots

Multiple Chinese tech companies launched their own ChatGPT-like AI chatbots for mass market use two weeks after China’s AI regulations came into force, which requires prior government approval.

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China combats struggling financial markets with tax cuts

Quick Take In a determined bid to reanimate its ailing financial markets, China has slashed stock trading taxes by half, as reported by market analyst Ayesha Tariq. Alongside this, the government has directed state-owned banks and funds to invest in stocks, adding a new layer of complexity to the nation’s economic landscape.

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Britain Rejects Proposal To Regulate Crypto As Gambling

The UK government has rejected a proposal by the House of Commons Treasury Committee to regulate crypto retail trading similarly to gambling. In a committee report released on May 17, British lawmakers recommended regulating the UK crypto market akin to gambling.

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UK government rejects lawmaker’s call to treat crypto like gambling

The government added that it is already working on regulating the crypto market, and proposed legislation was put before parliament and debated last month.

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SEC Chairman Gary Gensler Requests $2.4B Budget To Tackle Misconduct in Crypto Markets

SEC Chair Gary Gensler discussed the use of a $2. 4 billion budget for tackling misconduct in the crypto market before the Subcommittee on Financial Services and General Government U. S. Senate Appropriations Committee.

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US Government Readies to Sell $246 Million in Bitcoin

In an unprecedented move, the US government readies to sell $246 million worth of Bitcoin, shaking the crypto market and testing its stability amid ongoing liquidity crises. The post US Government Readies to Sell $246 Million in Bitcoin appeared first on BeInCrypto.

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Bitcoin: Uncle Sam makes moves - what about your holdings?

The U.S. government moved some of its seized BTC. Traders remained relatively optimistic as long positions dominated the market. Bitcoin [BTC] has been stagnating around the $30,000 - $31,00The post Bitcoin: Uncle Sam makes moves - what about your holdings? appeared first on AMBCrypto.

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Hong Kong government establishes web3 task force

The Hong Kong government has created a web3 task force, composed of various market sector representatives and government officials, to draft guidelines for the ethical and sustainable growth of cryptocurrency within the region.

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Bitcoin could be the refuge as bond market faces negative returns

Quick Take One of the most robust markets globally is the bond market, which, according to Visual Capitalist, was estimated to be worth $133 trillion in 2022. This colossal market has seen consistent growth over the last four decades, primarily driven by government debt increases due to interest rate reductions during each recession and the […] The post Bitcoin could be the refuge as bond market faces negative returns appeared first on CryptoSlate.

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SEC Lawsuits Against Binance and Coinbase Were an Inside Job, Claim Crypto Leaders

The lawsuits against Binance and Coinbase have set the crypto world ablaze with suspicion, leading to a haunting hypothesis: are Wall Street and government regulators orchestrating an inside job to dominate the crypto market? The post SEC Lawsuits Against Binance and Coinbase Were an Inside Job, Claim Crypto Leaders appeared first on BeInCrypto.

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Indonesia Grants XRP An Official Tradable Status In Crypto Market

Indonesia’s government has deepened the country’s crypto adoption with a list of tradable assets. It added Ripple native token, XRP, among the 501 digital assets on the list. With the new revelation, XRP and other listed tokens have received the license to be traded in the country.

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Brazil has adopted a law on cryptocurrencies and has given the Central Bank the powers of a regulator

Brazil has become one of the first countries in the world to adopt a comprehensive law regulating the cryptocurrency and virtual assets market. The law was published in the official journal of the government on June 14 and will come into force in six days.

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