CRYPTO

So much for the Mt.Gox/Silk Road FUD pressure…

It seems bitcoin spot ETF investors were able to see through the coordinated (US and German govt simultaneous transfers) headline-grabbing singular overhangs on cryptos (from Mt.Gox and Silk Road) as they bought the f**king dip (twice) sending bitcoin back up to $58,000…

Source: Bloomberg

As CoinTelegraph reports, to date, the German government has transferred over 26,200 BTC – worth $1.5 billion at current prices – to (more…)

The German government is no longer a "Bitcoin billionaire", as Arkham Intelligence reports that this morning saw them unload another 2000 BTC ($117mm) to exchanges, leaving just 13,360 BTC ($785mm) remaining – 26.8% of the original bitcoin seizure from movie-pirating site, Movie2k.

But while the US and German governments are simultaneously doing their best to instill FUD in the crypto community (helped by Mt.Gox), bitcoin ETF investors are piling back in at quite (more…)

Just over a week after initial rumors – and wallet movements – sent bitcoin prices lower, Mt. Gox – the collapsed crypto exchange – officially began repaying its debts yesterday (on one of the most illiquid days of the year, of course) in Bitcoin and Bitcoin Cash.

This overhang sparked a major wave of selling pressure across the crypto space (after German and US authorities 'simultaneously' moved the ill-gotten-gains on to exchanges – not coordinated on timing to hit July 4th (more…)