The recent revelation of the German government selling off all its Bitcoin holdings in just two weeks has raised eyebrows in the crypto world. The Saxony Central Office for the Protection and Realization of Virtual Currencies disclosed the reason behind this substantial Bitcoin dump, citing the need to secure funds for criminal proceedings related to
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Recently, cybersecurity firm Cyvers Alert revealed a major security breach at the Indian cryptocurrency exchange, WazirX. According to Cyvers, the exchange was exploited for approximately $235 million through suspicious transactions involving WazirX’s Safe Multisig wallet on the ETH network. The firm detected that a total of $234.9 million was transferred to a new address, with
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In a recent YouTube video, Joe Burnett, Senior Product Marketing Manager at Unchained Capital, presented a compelling argument for Bitcoin potentially reaching a valuation of $750,000. According to Burnett, the current market may be significantly underestimating Bitcoin’s potential in this cycle, failing to consider its broader significance within the global financial landscape. He emphasizes the
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Bitcoin has faced challenges when it comes to extending gains above the $66,000 resistance level. Despite its attempt to break through this barrier, the price has been consolidating and holding above the $63,500 zone. This indicates a period of uncertainty and indecision in the market. Downside Correction After failing to surpass the $66,000 resistance zone,
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Bitcoin developer Samson Mow has been vocal about his prediction that Bitcoin will reach $1 million. He reiterated his bullish stance recently, stating that the flagship cryptocurrency will reach this unprecedented price target within a year. Mow’s confidence in Bitcoin’s future price is based on several key factors, including the concept that Bitcoin’s demand is
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