Germany has lost $124 million in profits from selling Bitcoin
Fearing a sudden collapse in the price of Bitcoin, the state of Saxony hastily ordered the sale of its 50,000 Bitcoin reserves.
JinseFinanceFearing a sudden collapse in the price of Bitcoin, the state of Saxony hastily ordered the sale of its 50,000 Bitcoin reserves.
JinseFinanceGolden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.
JinseFinanceA cryptocurrency wallet labeled “German Government (BKA)” has sold another $900 million worth of Bitcoin, raising concerns that the associated selling pressure will push BTC prices lower.
JinseFinanceGermany, BTC, United States, Why is it not a big deal for the US and German governments to sell BTC? Golden Finance, From a big picture perspective, the amount of selling is actually not that big.
JinseFinanceBundestag member Joana Cotar strongly criticized the German government’s recent decision to sell off its massive BTC holdings.
JinseFinanceCritics believe that such large-scale liquidations by the government could have long-term negative effects on the stability of the Crypto asset market.
JinseFinanceThe governments of Germany and the United States have made strategic moves to transfer large amounts of Bitcoin and Ethereum, attracting market attention.
JinseFinanceGerman authorities seize 50,000 Bitcoin in a landmark operation against digital crime, marking a historic moment in cryptocurrency law enforcement.
MiyukiThis is the largest Crypto asset seizure in Germany to date.
JinseFinanceIn a potentially groundbreaking move, German lawmaker Joana Cotar is leading an initiative to designate Bitcoin (BTC/USD) as legal tender in Germany.
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