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CryptoMaksymus
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$567 million liquidated from the #
Bitcoin
and crypto market in the past 24 hours.
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The German government sold another 5,000 BTC and now has only 13,000 bitcoins left. The times of German sales are coming to an end. Blackrock and Fidelity buy all this 😅🇺🇲 Imagine that in 2030 Bitcoin will be worth 1 million dollars. Then the Germans will want to know who exactly made the decision to sell 50 thousand BTC at 56 thousand dollars per piece...
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UK’s Potential New City Minister Tulip Siddiq Could Back Tokenization Tulip Siddiq, reportedly set to become the UK’s City Minister, is expected to support tokenization and digital asset initiatives. According to a recent Bloomberg report, a person familiar with the matter said that Siddiq is expected to be appointed Economic Secretary to the Treasury by the newly elected Prime Minister Keir Starmer.
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Republican National Committee Pro-Bitcoin Platform Likely Influenced By State Policy
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Former FTX Executives Nishad Singh and Gary Wang Await Sentence this Fall Two former senior executives of the collapsed cryptocurrency exchange FTX are set to face sentencing later this year for their roles in one of the biggest financial scandals in recent history. This was revealed in a July 9 court docket entry in the U.S. District Court for the Southern District of New York
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Bitcoin Miner TeraWulf Clears Debt, Plans Operational Upsurge Bitcoin miner TeraWulf announced Monday that it paid off its remaining debt early. This move aims to boost the company’s flexibility to meet rising demand for energy infrastructure, including applications such as powering generative AI technology. TeraWulf is joining a trend of converting mining infrastructure into high-powered data centers, ideal for fueling the latest advancements in artificial intelligence. This strategic move comes alongside the company paying off a $77.5m loan, freeing up resources for future endeavors. “Our business’s profitability and strong cash generation has allowed us to successfully retire the remaining debt ahead of schedule, significantly bolstering our financial position,” TeraWulf CFO Patrick Fleury said in a statement
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