Author: Scott Dawson

The German government has put up an impressive number of BTCs on sale as they were acquired during a crackdown on an unlawful streaming page. According to Arkham, the German government moved over 185 million dollars in Bitcoin to six prominent cryptocurrency exchanges in total, including Coinbase, Kraken, and Bitstamp, within the past 48 hours. Yet, German patients contribute a large number of Bitcoins to crypto exchanges while still retaining more than 47,179 Bitcoins worth $3. 06 billion. Germany is disposing of the Bitcoins that were confiscated by authorities in the course of investigating the Movie2k case. These, claimed to…

In a single day, the main stock exchange of Australia saw its first Bitcoin ETF trade 96,476 shares. Australian Securities Exchange, the main stock exchange of Australia approved its first BTC ETF. This ETF with a trading volume of a total of $1.3 million this ETF on its first day of trading. As compared to Australia the debut trading day for the U.S. states Bitcoin ETFs is higher. Across ten funds, these ETFs get a total of $4.5 billion with an average of $450 million per fund. Although the market sizes are different these will experience the same growth as…

The HODLer Airdrops available in Binance Simple Earn aim at BNB holders in token distribution from prominent projects with ample circulating supply. The HODLer Airdrop of Binance seeks to focus on small and medium projects that have solid fundamentals, large circulating supplies, and organic community participation while avoiding plans to dominate projects. Hourly balances of users and pools shall be taken, and average balances used in Simple Earn products, while historical data shall be used for airdrop reward computations. When the airdrop is called, users will be paid into their Spot Wallets directly within a 24-hour period after account verification,…

Ethereum (ETH) falls below $3,500 even as spot Ether ETFs are predicted to launch on July 2nd, according to Bloomberg’s ETF analyst Eric Balchunas. Ethereum has dropped 1. 5% in the past day, now trading at $3,496 as of 06:6 AM EST. Ethereum Price Falls to Below $3,500 Due to Market Swings Decreased price below $3,500 corresponds to raising trading volumes by 30%, signaling selling pressure. After the price fall, data from Coinglass shows $11 million in long positions were closed out, and Ethereum’s open interest crossed $15 billion. Large open interest indicates many opened options contracts, increasing the attention…

To curb people’s use of credit cards and crypto for online gambling, the Australian government outlawed both methods. On June 11, The Canberra Times reported that Australia had started to prohibit its citizens from using credit cards and digital currency for internet gambling. According to the government, companies who fail to follow the new regulations may face fines of up to approximately 234,750 Australian dollars ($155,000). The regulations apply to new credit of any kind, including credit cards linked to digital wallets and crypto like Bitcoin (BTC). Australia prohibits crypto for gambling The new internet betting regulations are by traditional…

The monthly average change in BTC retail demand further drops from the last month. Some analysts predict it to be a drop before a major price surge, as seen earlier this year. The average Bitcoin price encountered a drop in its value among retail investors and reached the lowest level in five months since the price seen in January. After that, the price spiked to a new high, providing a 75% appreciation in the price for the next two months. CryptoQuant author Axel Adler shared data on X on June 10, which witnessed a drop of 17% in the price…

The Crypto market has been experiencing critical volatility during the recent days, especially after the report of employment published by the United States. A question that arises in the minds of users is, is it a good time to invest in crypto? Most people leave the opportunity due to the fear of losing, and some of them are left behind by keeping on waiting for the best time to jump in. The best way to invest in crypto is to do a Dollar Cost Average (DCA)  DCA is a mechanism to invest your assets in digital currency in some portions.…

South Korea’s Financial Services Commission (FSC) announced the non-fungible token as a virtual asset. On June 10, a local media outlet in South Korea, News 1, reported that the FSC will regulate NFTs like cryptocurrencies if they don’t have characteristics that set them apart from virtual assets. The authorities further announced that the mass-produced NFTs are options to use against paper money and are marked as virtual assets. NFTs as a Mode of Payment NFTs are categorized by their values, as stated by the authorities, NFTs without much value will be handled differently. This includes NFTs used for tickets or…

While Ethereum Classic’s market structure appeared bullish, momentum and volume indicators have turned bearish on the charts. After retesting the level of $25-support and nearly changing its higher timeframe market structure to bearish, Ethereum Classic (ETC) is now being faced with short-term bearish pressures enhanced by the negative sentiments from the U. S. May Jobs Report. Ethereum Classic: $29 Support Fails, Latest Development Despite touching $25. On June 7th, at the price of $ 07, Ethereum Classic stayed at the higher low of $ 25 it has been recently observed to occupy. 19 set on May 13 highlighted that better…

The short positions can be at risk if Bitcoin climbs back to its previous position, where it was changing hands 2 days before a slight dip. On June 6, bitcoin was trading around $71,000; after the market faced a dip, its price dropped to $69K. If the price of Bitcoin bounces back to the June 6 mark, it will result in the liquidation of more than $1 billion of short positions. The major cause of the drop is the report of employment published by the United States, which crossed the expected mark in May, and the inflation rate rose by…