Bitcoin Drops as German Government Unloads Over $900M Worth of BTC
Bitcoin’s price briefly declined to $55,000 following the blockchain transactions.
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Bitcoin’s price briefly declined to $55,000 following the blockchain transactions.
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.
Arkham has identified the entity as an address belonging to the German Federal Criminal Police Office, which had seized almost 50,000 BTC from a piracy site.
This is Bitpanda’s second major partnership in Germany this year after the broker was enlisted by LBBW to offer crypto custody services in the country.
Earlier in the session, Asian stocks rose, as gains in Chinese technology shares helped counter declines in Japan, with a numbers of markets closed for holidays. The MSCI Asia (mouse click the following web site) Pacific Index rose as much as 0.4%, on track for its third day of gains. Alibaba, Tencent and Meituan were among the top contributors to […]
Furthermore, Germany’s Fund Location Act allows pension funds, insurance companies, family offices and corporate investment funds to allocate up to 20% of their assets in digital assets. And according to a recent report from KuCoin, 44% percent of Germans are motivated to invest in crypto. As of the end of 2021, approximately 2.6% of Germans have used cryptocurrency. German investors […]
The products, which track the performance of the two largest cryptocurrencies by market value, carry a fee of 0.35% and were listed on the Deutsche Boerse on Thursday.
The bank released a cryptocurrency custody platform in November.
Crypto custody specialist Taurus has partnered with lending company Teylor.
The Federal Financial Supervisory Authority warned consumers that the MEXC exchange has been offering financial services without authorisation to do so.