news

German Government Misjudges BTC Potential... Misses Out on $120M in Additional Profits

"German government misjudges BTC potential, fails to secure $124 million in extra revenue," Cointelegraph reports. The German government recently sold a total of 49,858 BTC, realizing a profit of €2.6 billion ($3.92 trillion). However, since the German government sold all of its BTC, the price of BTC has increased by more than 16% due to the impact of the attempted assassination of former US President Donald Trump. As a result, the German government was unable to cash out its BTC holdings early enough to secure a larger profit, the media noted. Earlier, the German government said, "The BTC sale is an emergency sale pursuant to the German Code of Criminal Procedure. The German Criminal Procedure Code requires the sale of seized assets if there is a risk of losing more than 10% of their value."

Crypto Cycle Peak Still Far Away...March's All-Time High Was Just the Beginning

“BTC's all-time high in March does not appear to be the final peak of this cycle based on on-chain indicators,” said on-chain analyst sachi. Rather, the price is closer to the initial top of the cycle,” analyzed sachi. “Looking at binary CDD (Coin Days Destroyed), a metric that

blockchain crypto cryptocurrency WazirX hacker move $12m eth (SpotedCrypto)

WazirX hacker who stole $2.3 billion moves $12 million in ETH

An address labeled as the hacker of Indian cryptocurrency exchange WazirX has just transferred 5,000 ETH ($12 million) to a new address, according to Cyberalert. WazirX previously reported that $230 million in customer crypto assets were stolen, with WazirX's general counsel stating that “it is extremely unlikely

blockchain crypto cryptocurrency Bitcoin Ethereum ETF flow (SpotedCrypto)

US BTC spot ETF sees net outflows of $37.29 million...6th consecutive trading day, ETH also sees net outflows

According to Trader T, a total of $37.29 million in net outflows were reported from U.S. BTC spot ETFs on April 4 (local time). This is the sixth consecutive trading day of net outflows. Grayscale GBTC alone saw outflows of $34.25 million. Bitwise BITB saw inflows of

Read next