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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.
#Bitcoin #Cryptocurrency #Germany #Blockchain
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.
#Bitcoin #Cryptocurrency #Germany #Blockchain
🚨📉🇩🇪 _Market Alert!_ 🤯
_Germany Unloads Seized Bitcoin, Sparking Volatility Fears!_ 💥
_Government Sells Off $3 Billion+ Bitcoin Stash_ 📊
_Arkham Sounds Alarm on Potential Market Impact_ 🚨
_Will This Massive Sell-Off Trigger Crypto Turbulence?_ 🤯
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
_Market Watchers on High Alert!_ 👀 #Germany #SeizedBitcoin #CryptoVolatility #MarketMoves #apCryptoCalls
$BTC
_Germany Unloads Seized Bitcoin, Sparking Volatility Fears!_ 💥
_Government Sells Off $3 Billion+ Bitcoin Stash_ 📊
_Arkham Sounds Alarm on Potential Market Impact_ 🚨
_Will This Massive Sell-Off Trigger Crypto Turbulence?_ 🤯
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
_Market Watchers on High Alert!_ 👀 #Germany #SeizedBitcoin #CryptoVolatility #MarketMoves #apCryptoCalls
$BTC
Germany transfers millions in Bitcoin to various wallets
The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase and an untagged wallet.
A wallet associated with the BKA sent $24 million in bitcoin (BTC) in two transactions to the Kraken and Coinbase cryptocurrency exchanges during the morning hours in Europe, as reported by Arkham data. The total amount of Bitcoin transferred was 400 BTC.
An additional 500 BTC ($30.4 million) was moved to an untagged address labeled “139Po.”
These transfers are in addition to $130 million in BTC sent to exchanges on June 19 and $65 million in BTC sent on June 20.
Germany’s current ownership of 46,359 BTC, which is worth approximately $2.8 billion at current prices, positions it as one of the largest known nation-state holders of Bitcoin, ranked behind the United States, China, and the UK.
These transactions followed significant movements by the BKA last week, with $130 million sent to exchanges on June 19 and $65 million on June 20.
#Germany #CPIAlert #BinanceTournament #CryptoTradingGuide #BTCFOMCWatch
The German Federal Criminal Police Office (BKA) transferred 900 Bitcoin to Kraken, Coinbase and an untagged wallet.
A wallet associated with the BKA sent $24 million in bitcoin (BTC) in two transactions to the Kraken and Coinbase cryptocurrency exchanges during the morning hours in Europe, as reported by Arkham data. The total amount of Bitcoin transferred was 400 BTC.
An additional 500 BTC ($30.4 million) was moved to an untagged address labeled “139Po.”
These transfers are in addition to $130 million in BTC sent to exchanges on June 19 and $65 million in BTC sent on June 20.
Germany’s current ownership of 46,359 BTC, which is worth approximately $2.8 billion at current prices, positions it as one of the largest known nation-state holders of Bitcoin, ranked behind the United States, China, and the UK.
These transactions followed significant movements by the BKA last week, with $130 million sent to exchanges on June 19 and $65 million on June 20.
#Germany #CPIAlert #BinanceTournament #CryptoTradingGuide #BTCFOMCWatch
#Bitcoin sales in the #usa and #Germany are putting pressure on the price of Bitcoin.
After Bitcoin's recovery yesterday, the US government sent 3,940 Bitcoins to the famous trading platforms Coinbase.
These sales raise concerns in the short term and may put pressure on the price of Bitcoin, bringing it down to approximately $52,000.
But eventually the effect of these sales will fade and the price of Bitcoin will recover.
🇺🇸🇩🇪
#BTC ⌛🚀🔥
After Bitcoin's recovery yesterday, the US government sent 3,940 Bitcoins to the famous trading platforms Coinbase.
These sales raise concerns in the short term and may put pressure on the price of Bitcoin, bringing it down to approximately $52,000.
But eventually the effect of these sales will fade and the price of Bitcoin will recover.
🇺🇸🇩🇪
#BTC ⌛🚀🔥
#SiliconValley Bank's German branches will close under a German Financial Supervisory Service order.
The #Germany financial regulator, BaFin, has ordered the closure of the German branch of Silicon Valley Bank, according to foreign media.
The #Germany financial regulator, BaFin, has ordered the closure of the German branch of Silicon Valley Bank, according to foreign media.
🚨BREAKING 🚨
GERMAN ASSET MANAGER DWS PARTNERS WITH GALAXY DIGITAL TO LAUNCH PHYSICAL #BITCOIN ETC IN THE COUNTRY.
#BullorBear #BinanceLaunchpool $BTC #Germany
GERMAN ASSET MANAGER DWS PARTNERS WITH GALAXY DIGITAL TO LAUNCH PHYSICAL #BITCOIN ETC IN THE COUNTRY.
#BullorBear #BinanceLaunchpool $BTC #Germany
Joana Cotar, a member of the German Federal Assembly, expressed her preference for adopting Bitcoin as fiat currency instead of introducing the digital euro. Cotar highlighted concerns about the digital euro potentially subjecting all citizens to government surveillance, and as a libertarian, she strongly rejects such surveillance. Cotar believes that citizens who value freedom and oppose surveillance may not need a digital euro, and instead, adopting Bitcoin could empower individuals. She suggested forming a committee within the German parliament to discuss the importance of Bitcoin. 🇩🇪🌐 #BitcoinBoom #DigitalEuro #Germany #CryptoNews
German Banks Take The Plunge Into Crypto: 1,200 Institutions To Offer Bitcoin And Other Digital Asse
The adoption of Bitcoin and other cryptocurrencies has been gaining momentum around the world, and now it seems that Germany is poised to join the growing trend.
The Deutsche WertpapierService Bank AG (dwpbank), which provides securities services to around 1,200 German banks and savings banks, has announced that it is launching a new platform called wpNEX, which will allow all its affiliated banks to offer their customers Bitcoin and other digital assets.
This is a major breakthrough for the adoption of cryptocurrencies in Germany, as it will give more than a thousand banks and savings banks access to the infrastructure necessary to offer their customers crypto services. The first bank to take advantage of this new service is the MLP Banking AG, which plans to offer crypto trading to its retail customers in the second half of this year.
According to Dr. Paul Utzat, the head of account and securities settlement at MLP Banking AG, offering cryptocurrency trading is a natural extension of the bank’s existing asset management services. With the wpNEX platform, customers will be able to seamlessly integrate their crypto holdings into their online banking portal, alongside their traditional securities and savings accounts. There will be no need for pre-funding, and customers will not have to go through an additional verification process when opening a crypto account.
The platform will be supported by Tangany, a BaFin-regulated custody service that will be responsible for storing private keys, and Bankhaus Scheich / tradias, which will handle the execution of orders and price setting. Additionally, the software provider Valantic will also support the platform.
The launch of wpNEX by dwpbank has set the stage for other banks and savings banks in Germany to follow suit. The DZ Bank, which is the central institute for all around 800 Volksbanks in Germany, has already announced plans to offer Bitcoin trading to its customers by the end of the year. However, there is no clear indication yet as to whether Sparkassen, which are the German savings banks, will join in on this trend. Nonetheless, the introduction of wpNEX and the new crypto trading services it enables, puts pressure on other financial institutions to start catering to the growing demand for cryptocurrencies in Germany.
According to Dr. Heiko Beck, the CEO of dwpbank, this is just the beginning, and in the future, the platform will also enable banks to offer other digital assets, such as tokenized securities. With wpNEX, Germany is taking a major step towards becoming a leader in the adoption of cryptocurrencies and blockchain-based technologies.
#Germany #dwpbank #bitcoin #BTC #azcoinnews
This article was republished from azcoinnews.com
The Deutsche WertpapierService Bank AG (dwpbank), which provides securities services to around 1,200 German banks and savings banks, has announced that it is launching a new platform called wpNEX, which will allow all its affiliated banks to offer their customers Bitcoin and other digital assets.
This is a major breakthrough for the adoption of cryptocurrencies in Germany, as it will give more than a thousand banks and savings banks access to the infrastructure necessary to offer their customers crypto services. The first bank to take advantage of this new service is the MLP Banking AG, which plans to offer crypto trading to its retail customers in the second half of this year.
According to Dr. Paul Utzat, the head of account and securities settlement at MLP Banking AG, offering cryptocurrency trading is a natural extension of the bank’s existing asset management services. With the wpNEX platform, customers will be able to seamlessly integrate their crypto holdings into their online banking portal, alongside their traditional securities and savings accounts. There will be no need for pre-funding, and customers will not have to go through an additional verification process when opening a crypto account.
The platform will be supported by Tangany, a BaFin-regulated custody service that will be responsible for storing private keys, and Bankhaus Scheich / tradias, which will handle the execution of orders and price setting. Additionally, the software provider Valantic will also support the platform.
The launch of wpNEX by dwpbank has set the stage for other banks and savings banks in Germany to follow suit. The DZ Bank, which is the central institute for all around 800 Volksbanks in Germany, has already announced plans to offer Bitcoin trading to its customers by the end of the year. However, there is no clear indication yet as to whether Sparkassen, which are the German savings banks, will join in on this trend. Nonetheless, the introduction of wpNEX and the new crypto trading services it enables, puts pressure on other financial institutions to start catering to the growing demand for cryptocurrencies in Germany.
According to Dr. Heiko Beck, the CEO of dwpbank, this is just the beginning, and in the future, the platform will also enable banks to offer other digital assets, such as tokenized securities. With wpNEX, Germany is taking a major step towards becoming a leader in the adoption of cryptocurrencies and blockchain-based technologies.
#Germany #dwpbank #bitcoin #BTC #azcoinnews
This article was republished from azcoinnews.com
🚨Germany is entering an experimental stage to boost its slowing economy as multiple companies are trying to reap the benefits of fewer work hours. Hundreds of workers will be getting a weekly day off with full pay in a 6-month programme that starts from February 1.
"I'm absolutely convinced that investments in 'new work' pay off because they increase well-being and motivation, subsequently increasing efficiency," said Sören Fricke, co-founder of event planner Solidsense, one of 45 companies taking part in the trial stage. "The four-day week, if it works, won't cost us anything either in the long run."
Around 45 companies in Germany will try out the four-day work week to find out how much productivity gains can be made from fewer work hours.
REDEEM CODE: BPSD6AGXQ7
#Write2Earn #TrendingTopic #Germany #news #finance
"I'm absolutely convinced that investments in 'new work' pay off because they increase well-being and motivation, subsequently increasing efficiency," said Sören Fricke, co-founder of event planner Solidsense, one of 45 companies taking part in the trial stage. "The four-day week, if it works, won't cost us anything either in the long run."
Around 45 companies in Germany will try out the four-day work week to find out how much productivity gains can be made from fewer work hours.
REDEEM CODE: BPSD6AGXQ7
#Write2Earn #TrendingTopic #Germany #news #finance
The German Government transferred 1,500 $BTC($94.7M) out again in the past 20 minutes, of which 400 $BTC($25.3M) was transferred to Bitstamp, Coinbase and Kraken.
#Germany #BTC☀ #US_Inflation_Easing_Alert
German Government currently holds 44,692 $BTC($2.82B)
#Germany #BTC☀ #US_Inflation_Easing_Alert
German Government currently holds 44,692 $BTC($2.82B)
🚨 BREAKING: 🇩🇪
German Government Unloads $24M in Bitcoin 💸📉
In a surprising move, the German government has sold off a whopping $24 million worth of #Bitcoin over the past week. 😱 This massive sell-off comes as the cryptocurrency market continues to experience high volatility. 📊
The German government's decision to sell off such a large amount of $BTC raises questions about their stance on the future of cryptocurrency. 🤔 Are they cashing out due to concerns about the market's stability, or do they have other motives? 💭
This move could have significant implications for the #cryptocurrency market, as it may signal a lack of confidence in Bitcoin's long-term potential. 📉💭
However, it's important to remember that the cryptocurrency market is highly unpredictable, and this sell-off could simply be a strategic move by the German government. 🤷♂️
#BTC #Germany
#Recovery_Signals
#CryptoTradingGuide
#CryptoTradingGuide
German Government Unloads $24M in Bitcoin 💸📉
In a surprising move, the German government has sold off a whopping $24 million worth of #Bitcoin over the past week. 😱 This massive sell-off comes as the cryptocurrency market continues to experience high volatility. 📊
The German government's decision to sell off such a large amount of $BTC raises questions about their stance on the future of cryptocurrency. 🤔 Are they cashing out due to concerns about the market's stability, or do they have other motives? 💭
This move could have significant implications for the #cryptocurrency market, as it may signal a lack of confidence in Bitcoin's long-term potential. 📉💭
However, it's important to remember that the cryptocurrency market is highly unpredictable, and this sell-off could simply be a strategic move by the German government. 🤷♂️
#BTC #Germany
#Recovery_Signals
#CryptoTradingGuide
#CryptoTradingGuide
Today Top Crypto News
Shiba Inu Faces Significant Decline in Whale Activity: Whales are avoiding selling Shiba Inu due to current price drops.
Regulators “Deliberately Debanking Crypto”: A former Obama solicitor claims that regulators are intentionally debanking cryptocurrencies.
Spot Ethereum ETFs Expected by Mid-July: Bloomberg analysts anticipate the launch of spot Ethereum ETFs soon.
Bitcoin’s Price Slips Below $60,000: Altcoin season may be on the horizon as Bitcoin’s price dips below $60,000.
German Government Holds Over 40K Bitcoins: Despite recent sales, the German government still holds more than 40,000 BTC.
#btc #bitcoin #Germany #etf
Shiba Inu Faces Significant Decline in Whale Activity: Whales are avoiding selling Shiba Inu due to current price drops.
Regulators “Deliberately Debanking Crypto”: A former Obama solicitor claims that regulators are intentionally debanking cryptocurrencies.
Spot Ethereum ETFs Expected by Mid-July: Bloomberg analysts anticipate the launch of spot Ethereum ETFs soon.
Bitcoin’s Price Slips Below $60,000: Altcoin season may be on the horizon as Bitcoin’s price dips below $60,000.
German Government Holds Over 40K Bitcoins: Despite recent sales, the German government still holds more than 40,000 BTC.
#btc #bitcoin #Germany #etf
German Authorities Seize $2.17 Billion in Bitcoin from Alleged Movie Streaming Scammers. 🇩🇪🪙
In a groundbreaking move, German law enforcement has confiscated an impressive 50,000 Bitcoin (BTC), equivalent to $2.17 billion, in a major crackdown on illegal movie streaming.
The focus of the investigation revolves around two individuals, a 40-year-old German and a 37-year-old Polish, suspected of operating a piracy portal until May 2013. Allegedly, the duo used the proceeds from their illegal activities to amass a substantial amount of Bitcoin. This marks the most extensive cryptocurrency seizure in Germany to date.
The roots of this operation trace back to the notorious illegal streaming site Movie2k.to, accused of distributing over 880,000 pirated films from 2008 to May 2013. The accused pair is said to have funded their Bitcoin holdings through advertising fees and subscriptions garnered during the site's operation.
As of now, the two suspects remain uncharged, and the investigation is ongoing. The possibility of an indictment leading to the investigation's closure has been indicated by Patrick Pintaske, spokesman for the Dresden Public Prosecutor General’s Office.
On January 31st, high-net-worth Bitcoin traders orchestrated significant transactions, moving a staggering $4.5 billion worth of Bitcoin. Notable among these was a whale transferring 35,049 BTC, valued at $1,518,020,170, from an unknown wallet to another.
Various transactions involving thousands of BTC occurred between unknown wallets and major exchanges like Coinbase, Gemini, Paypal, Binance, and Kraken.
Bitcoin is currently trading at $43K, reflecting a 2% decrease in the last 24 hours and a 12% decrease from its 30-day high on January 11th.
#Germany #German #Write2Earn #TrendingTopic #BTC
In a groundbreaking move, German law enforcement has confiscated an impressive 50,000 Bitcoin (BTC), equivalent to $2.17 billion, in a major crackdown on illegal movie streaming.
The focus of the investigation revolves around two individuals, a 40-year-old German and a 37-year-old Polish, suspected of operating a piracy portal until May 2013. Allegedly, the duo used the proceeds from their illegal activities to amass a substantial amount of Bitcoin. This marks the most extensive cryptocurrency seizure in Germany to date.
The roots of this operation trace back to the notorious illegal streaming site Movie2k.to, accused of distributing over 880,000 pirated films from 2008 to May 2013. The accused pair is said to have funded their Bitcoin holdings through advertising fees and subscriptions garnered during the site's operation.
As of now, the two suspects remain uncharged, and the investigation is ongoing. The possibility of an indictment leading to the investigation's closure has been indicated by Patrick Pintaske, spokesman for the Dresden Public Prosecutor General’s Office.
On January 31st, high-net-worth Bitcoin traders orchestrated significant transactions, moving a staggering $4.5 billion worth of Bitcoin. Notable among these was a whale transferring 35,049 BTC, valued at $1,518,020,170, from an unknown wallet to another.
Various transactions involving thousands of BTC occurred between unknown wallets and major exchanges like Coinbase, Gemini, Paypal, Binance, and Kraken.
Bitcoin is currently trading at $43K, reflecting a 2% decrease in the last 24 hours and a 12% decrease from its 30-day high on January 11th.
#Germany #German #Write2Earn #TrendingTopic #BTC
#Write2earn
GERMAN GOVERNMENT BITCOIN SALES IMPACT CRYPTO MARKET
#Germany #GermanWallets #Bitcoin #BitcoinPrice $BTC
Wallets linked to the German government still hold approximately 23,800 bitcoin, according to Arkham Intelligence data.
Government Moves $500M in Bitcoin
Bitcoin (BTC) dropped on Monday afternoon in Europe as the German government moved $500 million in assets, as shown by blockchain data. According to Arkham Intelligence, a Bitcoin address linked to the German government transferred 8,700 BTC to an intermediate wallet. These assets were then sent to crypto exchanges Bitstamp, Kraken, Coinbase, and market maker Flow Traders.
Bitcoin Price Fluctuations
Following these transactions, Bitcoin's price fell by 3%, reaching a low of $55,000. It later rebounded to slightly above $56,000, marking a 1.2% decline over the past 24 hours.
Market Conditions and Reactions
This price action followed a significant drop last week, reaching the lowest price since February. Market analysts attributed this to an influx of supply during the typically quiet and low-volume summer period. Both the German and U.S. governments appear to be selling seized assets, coinciding with the defunct crypto exchange Mt. Gox issuing repayments.
With the latest asset transfers, the German government's Bitcoin holdings have decreased to 23,800 BTC, valued at $1.3 billion, according to Arkham data.
By moving a large volume of Bitcoin, the German government's actions have notable implications for the crypto market. Keeping an eye on such movements can help investors and enthusiasts better understand market dynamics and price fluctuations.
GERMAN GOVERNMENT BITCOIN SALES IMPACT CRYPTO MARKET
#Germany #GermanWallets #Bitcoin #BitcoinPrice $BTC
Wallets linked to the German government still hold approximately 23,800 bitcoin, according to Arkham Intelligence data.
Government Moves $500M in Bitcoin
Bitcoin (BTC) dropped on Monday afternoon in Europe as the German government moved $500 million in assets, as shown by blockchain data. According to Arkham Intelligence, a Bitcoin address linked to the German government transferred 8,700 BTC to an intermediate wallet. These assets were then sent to crypto exchanges Bitstamp, Kraken, Coinbase, and market maker Flow Traders.
Bitcoin Price Fluctuations
Following these transactions, Bitcoin's price fell by 3%, reaching a low of $55,000. It later rebounded to slightly above $56,000, marking a 1.2% decline over the past 24 hours.
Market Conditions and Reactions
This price action followed a significant drop last week, reaching the lowest price since February. Market analysts attributed this to an influx of supply during the typically quiet and low-volume summer period. Both the German and U.S. governments appear to be selling seized assets, coinciding with the defunct crypto exchange Mt. Gox issuing repayments.
With the latest asset transfers, the German government's Bitcoin holdings have decreased to 23,800 BTC, valued at $1.3 billion, according to Arkham data.
By moving a large volume of Bitcoin, the German government's actions have notable implications for the crypto market. Keeping an eye on such movements can help investors and enthusiasts better understand market dynamics and price fluctuations.