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German Bitcoin Liquidation Criticized As 'Insensible And Counterproductive' With Market Concerns Rising
Wednesday, July 10, 2024 - 11:10am | 799The German government's decision to sell a substantial portion of its Bitcoin (CRYPTO: BTC) holdings has sparked controversy, highlighting the complexities of digital asset management in national financial strategies. Joana Cotar, a member of the German Bundestag, has publicly condemned the large-...
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How Low Will Bitcoin Go If Germany Sells All Its BTC?
Wednesday, July 10, 2024 - 9:09am | 454Bitcoin (CRYPTO: BTC) has been weighed down by Germany liquidating Bitcoin holdings, but fresh analysis points to further downside being limited. What Happened: Economist and crypto trader Alex Krüger pointed out that Germany's equivalent of the FBI held 50,000 Bitcoin until late June. While they...
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Bitcoin Plunges To $56K As German Government Continues Liquidating Its Holdings
Monday, July 8, 2024 - 12:13pm | 610Concerns about the stability of the crypto market rose sharply today as the German government continued its aggressive sale of confiscated Bitcoin (CRYPTO: BTC) on Monday. What Happened: According to blockchain analysis firm Arkham, German authorities have moved an additional 8,100 BTC (worth...
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German MP Argues For Retaining Bitcoin Holdings Rather Than Liquidate
Friday, July 5, 2024 - 12:01pm | 528Joana Cotar, a member of the German Bundestag, criticized the government's decision to sell off Bitcoin (CRYPTO: BTC) holdings. In a letter to key government officials — Saxon State Premier Michael Kretschmer, Federal Finance Minister Christian Lindner, and Chancellor Olaf Scholz — Cotar outlines...
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German Government Sells Another $17M In Bitcoin
Tuesday, July 2, 2024 - 9:25am | 363Fresh data has revealed that the German government continues its pattern of Bitcoin liquidation. What Happened: According to blockchain intelligence firm Arkham, the transfers totaling 282.74 Bitcoin (CRYPTO: BTC) to major cryptocurrency exchanges including Bitstamp, Coinbase and Kraken took place...
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German Authorities Sell $15M More In Seized Bitcoin
Wednesday, June 26, 2024 - 11:33am | 471German law enforcement continues to offload Bitcoin seized from the defunct movie piracy site Movie2k earlier this year. What Happened: The latest transfers, totaling 250 Bitcoin (CRYPTO: BTC) ($15.4 million), were sent to cryptocurrency exchanges Bitstamp and Kraken on Wednesday, according to...
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German Government Continues Bitcoin Liquidation, Transfers 400 BTC To Exchanges
Tuesday, June 25, 2024 - 7:25am | 551The German Government transferred a total of 400 BTC, valued at approximately $24.34 million, to major cryptocurrency exchanges Coinbase Inc. (NASDAQ:COIN) and Kraken today. What Happened: According to data from Arkham, the transfers were executed at 15:38 UTC+8, with each exchange receiving 200...
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Deal Between Germany, China Could Stop Looming Tit-For-Tat On EV Tariffs
Monday, June 24, 2024 - 3:46pm | 860Conversations are moving forward between China and the European Union on a deal that could benefit electric vehicle (EV) companies from both economic powerhouses. Willingness from both sides to de-escalate a looming tariff war for the car industry can be read as an oasis of mutual trust within the...
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German Government Sells $195M In Bitcoin, Has $3B Left
Thursday, June 20, 2024 - 2:19pm | 912The German government has intensified its liquidation of Bitcoin (CRYPTO: BTC) assets, generating significant market interest and raising questions about its long-term financial strategy. According to fresh updates from blockchain intelligence firm Arkham, the German authorities have sold Bitcoin...
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Macron's Snap Election Gamble Shocks European Markets: Euro Eyes Worst 2-Day Performance In 15 Months
Monday, June 10, 2024 - 8:57am | 615European financial markets are under pressure as investors react to the results of the European Parliament elections held over the weekend. The elections, which determined the 720 members of the block’s parliament, have led to notable shifts in political power across several key countries....
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Putin Warns Of Potential Weapon Transfers To Strike Western Targets
Wednesday, June 5, 2024 - 4:33pm | 425In an address on Wednesday, Russian President Vladimir Putin cautioned Germany on Ukraine using German weapons to strike Russian targets. He warned that such actions could lead to “very serious problems” and suggested that Russia might respond by providing long-range weapons to others...
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Fresenius SE's Future With Dialysis Company Unclear, Investors Seek Answers
Friday, May 17, 2024 - 1:13pm | 433Investors demanded more clarity from German healthcare group Fresenius SE regarding its intentions to relinquish strategic control over dialysis group Fresenius Medical Care AG (NYSE:FMS). The investors’ call for transparency comes in the wake of Fresenius’s...
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Tesla German Gigafactory Faces Climate Protestors Friday: 'Why Are They Not Jailed,' Musk Asks
Friday, May 10, 2024 - 11:48am | 635Climate activists are targeting the Gigafactory in Berlin Friday owned by electric vehicle manufacturer Tesla Inc (NASDAQ:TSLA). The factory was shut down in a precautionary measure ahead of the event. Here's the latest. What Happened: A planned expansion by Tesla in Germany is facing pushback from...
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2 Of The Top 5 World Economies Can Now Run 100% On Renewable Energy
Friday, March 29, 2024 - 8:48am | 885The state of California has vowed to have 100% clean power by 2045, but recent data showed that it was already reaching that goal, at least for a few hours each day. Data posted by the California Independent System Operator (ISO) revealed that in recent weeks, power supply generated through wind,...
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New Legalization Law In Germany Creates Broader Liberties For Pharmacists
Tuesday, March 5, 2024 - 10:34am | 1062The news was trumpeted around the world: Germany, the European Union’s largest economy, surprised the global cannabis industry with the announcement of the legalization of cannabis for restricted recreational use, to be effective April 1. Additional regulations for collective private...