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Crypto Bloodbath: Bitcoin and Altcoins Plummet, Mt. Gox Starts Repayments, German Govt Contineus Selling: Weekly Crypto Recap

What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...

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The German Government and Bitcoin Saga Continues: Justin Sun Wants to Buy it All

Justin Sun is back with another ambitious proposition. The Tron Founder has now set his sights on the German government’s BTC stash, boldly offering to buy it all off-market to “minimize the impact on the market.” It all started with the German government-labeled wallet’s suspicious transfer of 6,500 BTC on June 19, worth more than $425 million, which sparked concerns among traders about potential market turbulence. The wallet in question is believed to be linked to funds...

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Paxos Receives Approval from Singaporean Regulator to Issue Stablecoins

It looks like stablecoins and their issues cannot stay outside the news cycle, with MiCA issuing its stablecoin guidelines and Circle making huge moves in the EU. It is Paxos’ turn now, as it has secured full regulatory approval from Singapore’s Monetary Authority of Singapore (MAS). In a press release, it said, “Paxos, the leading regulated blockchain & tokenization infrastructure platform, received full approval from the Monetary Authority of Singapore (MAS) for its Singapore entity,...

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Here’s The Key To Reviving Bitcoin’s Bull Market: Analyst

With Bitcoin trading sideways over the past few months, traders are waiting for their signal to re-enter the market before crypto reclaims its bullish momentum from earlier this year. In a Wednesday memo, an analyst from CryptoQuant highlighted one signal worth looking at: stablecoin liquidity. Stablecoins: The Key To Driving Bitcoin Higher “The bottom line is that in order for #Bitcoin to rally in earnest, we need to see an increase in stablecoin liquidity and circulating...

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