DeFi News Daily Official TheBitTimes.com

The German BKA (Federal Criminal Police) made another important move this month, and yes, people are paying attention. The company has stepped up its crypto liquidation process. They transferred 1500 Bitcoin (BTC) to multiple crypto exchange s for approximately $95 million. This has happened just in one day, on Monday. This latest transaction is part of a series of transfers that began on June 19. Around $220 million worth of Bitcoin was moved to various exchange s. Also Read: BTC Falls to $60,000: Why is Bitcoin Down Today? German Government Continues Bitcoin Liquidation 1500 BTC (95 million) were transferred to exchange s. As you might expect, they include Bitstamp, Coinbase, and Kraken. Furthermore, using multiple exchange s may be a strategy to minimize market impact. This will, of course, also ensure an efficient liquidation process. This latest transfer is not an isolated incident but part of an ongoing and carefully planned liquidation strategy developed by the German government...

Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects. A bearish technical formation has driven down the total crypto market capitalization over the past seven weeks. Bitcoin’s (BTC) 2% decline — and a 1.7% and 2.5% decline from BNB (BNB) and XRP (XRP), respectively — were the main drivers of the most recent 1.3% correction between May 18 and May 25. Total crypto market cap in dollars, 12-hour. Source: TradingView The descending wedge formation initiated in April indicates a possible breakout near $1 trillion by late July. For bulls, the bearish structure that drove the total capitalization to $1.11 trillion on May 25 means that an eventual break to the upside would require extra effort. Bitcoin and Ether falter due to weak macroeconomic data Sticky inflation continues to worry investors, who price in higher odds of further interest rate increases by the United States Federal Reserve. The country’s latest personal consumption e...

Berliners could see the Bitcoin B projected onto the Berliner Fernsehturm tower on January 21. The Bitcoin (BTC) logo lit up the night sky in Berlin this weekend, adorning Germany’s tallest building with a giant orange B. Source: Twitter On January 21, the Bitcoin logo illuminated the Berliner Fernsehturm tower–known as the TV Tower. German Bitcoiners took to Twitter and social media to share photos and videos of the illumination, then shared by prominent Bitcoin Twitter accounts. The man behind the B, a German Bitcoiner called Tilo told Cointelegraph why the idea came to him:  "We just want to call attention on bitcoin! We’re fans of Guerilla actions like this and will keep on track." Tilo is CEO of an events agency that will host the "Best of Blockchain" conference this year. He explained that the process is simple for setting up light displays: “what you need is a mixer, power station, special Bitcoin logo,” in one of the comments.  Tilo had tried the proces...