Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions
With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8....
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Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a notable shift over the past day, with the implied volatility in Bitcoin options decreasing. Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put....
New York's proposed BitLicense regulations were not designed to cover second-generation projects and other 'crypto 2.0' blockchain technologies, according to answers from Department of Financial Services (NYDFS) superintendent Benjamin Lawsky. Questions on how the NYDFS viewed innovations not primarily concerned with currency or exchange of value were put to Lawsky first at a recent presentation on BitLicenses in New York, and then again yesterday by CoinDesk's Stan Higgins at the Money20/20 conference in Las Vegas. Work is being done in this area, Lawsky said. @coindesk asks @BenLawsky if....
With a huge 150 million XRP transfer to an unknown wallet, Ripple Labs has rocked the crypto scene. Based on on-chain tracker Whale Alert, the transaction—worth more than $85 million—has left many in the crypto community guessing about Ripple’s gameplan. Related Reading: Blazing Solana: Analyst Foresees Nearly 700% Price Explosion Ripple has been sending XRP into this wallet before, which begs questions about what the payment behemoth would do going forward. That is quite timely, considering rumors about an XRP Exchange-Traded Fund (ETF) are rife. The recent announcement by Grayscale....
The Ethereum community has voiced its concerns about the legitimacy and functionality of ride sharing app Arcade City in an AMA with its founder, Christopher David. The AMA follows a medium post from one of his previous associates accusing David of being a fraudster that has since been taken down, and the AMA seems to be doing little to address concerns surrounding the fraud accusations, and raises more questions as to the future and legitimacy of Arcade City. Arcade City CEO Fails to Address Community Backlash. The Medium post, an archived version of which can be found here, details....
Animoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster the non-fungible token (NFT) industry and “build the open metaverse.” The capital raise follows the firm’s previous $65 million and $138.88 million raises last year and today, Animoca Brands has an overall valuation of $5 billion.
Animoca Brands Raises $358 Million in Financing Led by Liberty City Ventures, Blockchain Company Has Pre-Money Valuation of $5 Billion
The firm Animoca Brands is a global developer utilizing popular brands,....