Germany Faces $2 Billion Loss After Selling Bitcoin Early
Germany recently lost out on nearly $2 billion after selling almost 50,000 Bitcoins earlier this year, just before a record price surge. The Bitcoin, seized from the pirated movie site Movie2k.to, was sold in line with laws requiring volatile assets to be liquidated.
At the time, the sale brought in $2.8 billion, based on a price of $53,000 per Bitcoin. However, Bitcoin has since soared to $96,434, making the value of the seized holdings $4.67 billion. The missed timing cost Germany a significant profit.
The rise in Bitcoin’s value is linked to its April 2024 Halving event, which reduced mining rewards, as well as increased institutional investment and optimism following the U.S. presidential election. Despite the legal rationale for the sale, critics argue the decision was premature and poorly timed.
This event highlights the challenges of managing volatile digital assets and underscores Bitcoin’s growing influence in global markets.
While banks are closed and the stock market takes a pause, Bitcoin ($BTC) keeps going. It’s a powerful reminder that the digital revolution never sleeps. Whether you're spending time with loved ones or diving into crypto insights, Bitcoin runs 24/7, every day of the year.
Here’s to embracing the future—today and always. 🤗 Enjoy the holiday! 🙌
Revolutionizing Switzerland’s e-ID: MPC Partisia Develops Privacy-Centric Digital Identity System for the Swiss Government
Following the rejection of the LSIE on March 7, 2021, due to concerns over private companies managing citizens’ data, the Swiss government is collaborating with MPC Partisia to develop a secure, state-run electronic identity (e-ID) system. This new solution prioritizes privacy, decentralized data storage, and minimal information collection.
MPC Partisia’s e-ID system is built on Self-Sovereign Identity (SSI) principles, empowering citizens to control their data and share only what’s necessary—for instance, proving age without disclosing birthdates. Using advanced blockchain and Multi-Party Computation (MPC) technologies, it ensures trust, security, and compliance with privacy standards like the "right to be forgotten."
In addition to its work with the Swiss government, MPC Partisia is also collaborating with Danmarks Statistik, the Danish Health Authority, and partners like DataFair, Enversion, and Innovationsfonden on a groundbreaking project called OSCAR. This initiative leverages Partisia’s expertise to develop innovative, privacy-preserving systems for managing statistical and health data in Denmark.
This collaboration with the Swiss and Danish governments is just the beginning. As the demand for privacy-preserving technologies grows, MPC Partisia is poised for even more partnerships with various government sectors worldwide, expanding the reach of its secure, decentralized identity solutions.
Currently, privacy-focused blockchain solutions like those developed by Partisia are undervalued in the market. However, as demand for secure and private systems grows, these technologies are poised for significant recognition and value increases.
Putin signs a law officially recognizing Bitcoin and Cryptocurrency as property! This marks a major step in crypto regulation. 🚀 #CryptoNews #Blockchain #BTC #Russia #Putin
🚀 Keep an eye on RWA coins — they could be the next big thing in the crypto world! 💥
1️⃣$MPC: A game changer in privacy & security. 2️⃣ $ICP : Revolutionizing the internet with decentralized cloud computing. 3️⃣ $PROPY: Bridging real estate & blockchain. 4️⃣ $RIO: Unlocking DeFi opportunities in the real world.
These projects are paving the way for real-world asset-backed crypto growth! 🌍💰 #Crypto #Blockchain #RWA #DeFi #MPC #ICP #PROPY #RIO
• @cz_binance is shifting focus from meme coins to real blockchain applications. • @VitalikButerin is talking about the next decade being the rise of a “World Computer” running multi-user apps fully on-chain.
Here’s why this matters for $ICP:
✅ It’s been years of building apps 100% on-chain. ✅ Tiny gas fees make it cheap and efficient.
Big respect to @dfinity for staying laser-focused on building the network.
$ICP is the real home for apps that value ownership and full on-chain functionality. 🚀🔥
Partisia Blockchain: The Future of Secure and Scalable Web3
In today’s digital world, convenience comes with risks. Cybercrime is projected to cost the world $23 trillion by 2027, but Partisia Blockchain offers a revolutionary solution.
Built on MPC (Multi-Party Computation) technology, Partisia ensures secure, scalable, and private transactions without sacrificing speed or affordability. Developers can customize privacy levels for use cases ranging from DeFi and RWAs (Real World Assets) to DeSci (Decentralized Science), AI, and tokenized data.
With its dual-layer architecture, Partisia processes multiple transactions simultaneously, ensuring efficiency and scalability—like having multiple express lanes at checkout.
🚀 4 Coins to Watch in the Upcoming Bull Run for High Returns! 🚀
The crypto market is gearing up for a potential bull run, and these four tokens are ones to watch:
$ICP (Internet Computer) 🌐 Aims to revolutionize the decentralized web, enabling scalable, secure applications. Positioned for growth as Web3 adoption increases.
$MPC (Multi-Party Computation - Partisia Blockchain) 🔐 Focuses on privacy and security with its innovative approach to data computation. MPC’s technology is key to a more secure and private blockchain future.
$MTV (MultiVAC) 🔗 Offers a scalable blockchain solution using advanced sharding. Positioned to support the next generation of decentralized applications.
$NCDT (Nuco Cloud) ☁️ Decentralizing cloud computing with blockchain technology, Nuco Cloud offers a more secure and transparent cloud solution.
📈 These projects are primed to take advantage of the next bull run, and getting in early could lead to significant returns. Always do your own research (DYOR), but these coins are worth watching!
🚀 4 Coins to Watch in the Upcoming Bull Run for High Returns! 🚀
The crypto market is gearing up for a potential bull run, and these four tokens are ones to watch:
$ICP (Internet Computer) 🌐 Aims to revolutionize the decentralized web, enabling scalable, secure applications. Positioned for growth as Web3 adoption increases.
$MPC (Multi-Party Computation - Partisia Blockchain) 🔐 Focuses on privacy and security with its innovative approach to data computation. MPC’s technology is key to a more secure and private blockchain future.
$MTV (MultiVAC) 🔗 Offers a scalable blockchain solution using advanced sharding. Positioned to support the next generation of decentralized applications.
$NCDT (Nuco Cloud) ☁️ Decentralizing cloud computing with blockchain technology, Nuco Cloud offers a more secure and transparent cloud solution.
📈 These projects are primed to take advantage of the next bull run, and getting in early could lead to significant returns. Always do your own research (DYOR), but these coins are worth watching!
🚀 MPC: A Game-Changing Desci Project with 100x Potential 🚀
The Decentralized Science (Desci) revolution is here, and one project leading the charge is MPC (Multi-Party Computation). Backed by top cryptographic professors and researchers from leading academic institutions, MPC combines cutting-edge cryptography with decentralized principles to redefine how research and collaboration are done. 🌐
🔹 What Makes MPC Stand Out?
Academic Expertise: Developed by highly regarded cryptographic professors and researchers, MPC leverages the deep knowledge of experts who understand the intricate needs of decentralized science. This strong academic foundation ensures the project is both robust and innovative.
Revolutionizing Research Privacy: MPC uses advanced cryptographic methods to enable secure collaboration on sensitive research data, solving a critical problem in both academic and industrial fields.
Desci at its Core: The project exemplifies the potential of Desci by decentralizing data sharing while maintaining transparency and integrity.
🔹 Why 100x Potential?
Massive Market Opportunity: With data privacy and secure computation becoming critical, MPC’s use case spans across sectors like healthcare, finance, and advanced research.
First-Mover Advantage in Desci: As one of the pioneering projects in the Desci space, MPC is well-positioned to benefit from the growing interest in decentralized scientific solutions.
Powered by Blockchain: MPC integrates blockchain technology to ensure trust, transparency, and immutable records—a game-changer for collaboration.
The combination of academic brilliance, innovative technology, and the massive potential of Desci puts MPC in a league of its own. This cycle could see it grow 100x, making it one of the most exciting opportunities in the crypto world today!
👉 Stay ahead of the curve—keep an eye on MPC and the Desci movement! #Desci #MPC #Crypto #Blockchain #100x #DecentralizedScience #FutureOfResearch
Riding the Waves: Why Dips Are Normal Even in Bull Markets 🌊📉
Crypto markets are a rollercoaster—one moment you’re soaring, and the next, BAM! Your portfolio takes a hit. But here’s the truth: even during bull runs, sudden dips are completely normal.
Why Do Drops Happen in Bull Markets? Bull markets drive massive excitement and quick price spikes, but these attract profit-taking and whale repositioning, leading to corrections. For example, Bitcoin might dip 10%, and since altcoins are more volatile, they can drop 25%-35%. Think of Bitcoin as the sturdy rollercoaster car. When it wobbles, the altcoin carts behind it swing wildly!
Examples of Past Dips 2021 Bull Run: Bitcoin hit $64K, then dropped 17% in a week. Altcoins were plunged 30%+. 2017 Bull Run: Ethereum saw multiple 20% dips before peaking at $1,400, with altcoins dropping even harder.
How to Handle Crypto Volatility Stay Calm: Corrections are healthy; they keep bubbles in check.Don’t Panic-Sell: Use dips as opportunities if your research is strong.Diversify: Spread your investments to manage risk.
Even in a bull market, dips are part of the journey. The key is to stay informed and trust your strategy. What’s your go-to tip for navigating crypto swings?
Binance to Delist Multiple Altcoins: Key Details and Dates
On December 10, 2024, Binance will delist several altcoins from its platform, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX, and Ren (REN). The decision follows Binance's routine performance assessments to ensure projects meet industry standards. Here's everything users need to know about this update:
🗓️ Important Dates for Users: December 3, 2024: Futures contracts for KEY and REN will close. Users are advised to finalize open positions by this date. December 6, 2024: Binance Simple Earn products linked to these altcoins will end. Funds will automatically transfer to spot wallets. December 10, 2024: Trading for these altcoins stops at 06:00 UTC. The Binance Convert service for selling these assets will also close. December 11, 2024: Deposits for these altcoins will no longer be accepted.February 12, 2025: Withdrawal of delisted assets will remain available until this date.
💡 Key Takeaways for Investors: Funds in Simple Earn: Any funds in the Simple Earn products linked to these coins will automatically move to spot wallets after December 6, 2024. Futures Contracts: Finalize futures positions for KEY and REN before December 3, 2024. Binance Convert: Utilize the Binance Convert service to sell these delisted coins by December 10, 2024, as no further conversion options will be guaranteed.
⚠️ What Users Should Do: Binance urges users to: Withdraw their assets promptly. Convert or finalize transactions before the specified deadlines to avoid potential complications. Plan accordingly to secure your investments and ensure a smooth transition. Stay updated for further notices from Binance.
Hong Kong’s ZA Bank Launches Retail Crypto Trading
ZA Bank, Hong Kong’s largest digital bank, now allows retail users to buy and sell Bitcoin ($98,111) and Ethereum ($3,482) directly using fiat. Users need a ZA Bank account and must complete a risk assessment to access the service.
The bank partnered with licensed crypto exchange HashKey to ensure regulatory compliance and promote the Web3 ecosystem. This marks a significant step in integrating traditional banking with crypto.
Hong Kong began allowing retail crypto trading in August 2023, with three exchanges currently licensed by the Securities and Futures Commission. ZA Bank’s move reflects the region’s growing embrace of blockchain technology.