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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com
🇰🇷 South Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
In South Korea, investors must pay a 20% capital gains tax if their annual crypto gains exceed 2.5 million won (approximately $1,800). This threshold is significantly lower than that for stocks, where only gains exceeding 50 million won (about $36,000) are subject to taxation.
📈 NEW: Bitcoin and Ether led a record $17.8 billion inflow into digital asset investment products year-to-date, signaling a potential crypto market recovery.
$BTC alone saw its fifth-largest weekly inflow ever, with over $1.35 billion, helping it regain the $60,000 mark. Ether followed with $72.1 million in inflows, driven by anticipation of the first US spot Ether ETF.
The inflows were primarily driven by US investors, with notable contributions from Switzerland, Hong Kong, and Canada.
📈 JUST IN: Ethereum tops $3.3K as analysts predict ETF approvals this week.
ETF analyst Nate Geraci says there’s no “good reason” for spot Ethereum ETFs not to launch this week.
$ETH is $3,362 now.
Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’
With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.
👉 Read More
❌ Alexey Pertsev, the developer behind the sanctioned crypto mixer Tornado Cash, has been denied bail. His lawyers are preparing to submit an appeal against the money laundering charges.
He was sentenced to over five years for allegedly laundering $1.2 billion. The court also denied his request for computer access to prepare his defense, despite objections from his lawyers.
JusticeDAO called the ruling a "gross miscarriage of justice."
🇺🇸 NEW: Despite yesterday's assassination attempt, Donald Trump’s team has reportedly said that he will still attend and speak at Bitcoin 2024 in Nashville this month.
Читать полностью…
🇺🇸 📈Donald Trump memecoin spikes 52% following assassination attempt
Trump’s election odds on prediction markets and several other Trump-themed memecoins soared following an assassination attempt on the former president while he was speaking on stage at a rally in Butler, Pennsylvania.
👉Read More Here
German government offloads its final Bitcoin holdings 🇩🇪
Most of the 50,000 Bitcoin dumped by the German government over the last three weeks resulted from an asset seizure and was largely responsible for keeping the market below the $60,000 price point and its 200-day exponential moving average.
👉 Read More Here
Bitcoin risks 30% loss against XRP if 'triple bottom' confirms
XRP has lagged behind Bitcoin in 2024, but a recent BTC sell-off led by Mt. Gox and the German government might spark renewed interest in XRP.
👉 Read More Here
OpenAI is building a new AI model under code name 'Strawberry': Report
Strawberry extends on OpenAI’s Q* project announced last November, which some described as a technical breakthrough allowing for the development of “far more powerful” AI models.
https://ct.com/cr8o
⚡️ JUST IN: Elon Musk reveals that the European Commission offered X an illegal secret deal to quietly censor speech without fines.
X refused, but other platforms accepted.
Why do you think the other platforms said yes? 🧐️️️️️️
💰 NEW: Genesis Trading transferred over 12,600 Bitcoin ($720M) to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.
The address currently holds 33,356 Bitcoin, down from over 46,000 BTC a month ago, on June 12.
🚨 Decentralized finance protocol Dough Finance lost $1.8 million in digital assets after a flash loan attack on the protocol.
According to Cyvers, the attacker was funded through the zero-knowledge (ZK) protocol Railgun and swapped the stolen $USDC for Ether.
The attacker got a total of 608 $ETH, worth about $1.8 million.
Bitcoin's price remains below $58K despite bullish CPI data and expected Fed rate cuts. Here’s why:
🧐 Scalping and market makers liquidating leveraged longs are causing short-term weakness, even as the overall trend suggests a potential bounce back to $60K.
📈 Stocks and gold are performing well, with the S&P 500 and gold nearing record highs. This traditional market strength is diverting attention from Bitcoin.
🇩🇪 The German government is selling off seized Bitcoin, miners are offloading holdings post-halving, and there are fears of a global economic slowdown. These factors contribute to Bitcoin's current stagnation.
👉 Read more
Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K
Bitcoin’s fear and greed index has tumbled to “extreme fear” for the first time since January 2023, as BTC struggles to reclaim a crucial price level.
👉 Read More
🇺🇸 The world is reeling from the assassination attempt on Donald Trump.
If you haven’t heard about it yet, let’s dive into its impact on the crypto market.
We’ll discuss how this event affected $MAGA (TRUMP) and explore broader implications for Bitcoin and other digital assets.
Listen now! 🎧
🎙️ Why are people losing trust in mainstream media?
In the latest episode of Decentralize with Cointelegraph, Mario Nawfal delves into why people are turning to social media for news and how X Spaces are transforming information sharing.
“When we did the coverage of the Silicon Valley Bank collapse, Bill Ackman requested to speak. We didn’t invite him. He just came on. He follows me, and he came, requested to speak, and we had a chat with him.”
🐳 JUST IN: A dormant address containing 1,000 $BTC (worth $59,989,823 USD) has just been activated after 11.8 years.
Initially valued at $11,908 in 2012, the owner has now moved all their Bitcoin to a new address.
Weekend Wrap: Bitcoiners troll German govt, CoinStats blames Lazarus and more
Bitcoiners sent crude messages to the German government by way of small donations; CoinStats says North Korea’s Lazarus Group may be behind the recent $2.2 million exploit and more.
👉 Read More
📈 Bitcoin price climbs back above $60,000, opening the door for $KAS, $MKR, $AR and $NOT to move higher
Notcoin is trying to bounce off the 20-day SMA ($0.014), indicating that the bulls are trying to flip the level into support.
Are you bullish for Notcoin?
👍 - Yes!
👎 - No.
Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K
Bitcoin bulls may trap late sellers below key bull market trendlines as BTC weekend gains pass 5%. Bitcoin traded above $60,000 on July 14, following an assassination attempt on presidential candidate Donald Trump, sparking price volatility.
👉Read More Here
Will UK Economic Secretary follow through with a ‘crypto crackdown’? 🇬🇧
After the Labour Party's July 4 victory, PM Keir Starmer appointed MP Tulip Siddiq as Economic Secretary to the Treasury and City Minister. She will oversee digital asset and CBDC policies, hinting at stricter cryptocurrency regulations.
👉 Read More Here
This week on Finance Redefined 🧐
MetaMask, Polygon, and Starknet unveiled new infrastructure to boost adoption, while centralized exchange hacks surged, contributing to over $1.4 billion in losses in 2024 and a 900% increase in year-over-year CEX losses.
👉 Read More Here
Spot Bitcoin ETFs see highest flow day in over 5 weeks
The $310 million in inflows were led by the BlackRock and Fidelity Bitcoin ETFs, while Grayscale recorded a rare inflow day at $23 million.
https://ct.com/cr8r
🗞 Missed the news? Here's what's happened over the last 24 hours!
👀 Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K
🇩🇪 Germany has 9K Bitcoin left just 3 weeks after it started selling
🚀 Bitcoin's price remains below $58K despite bullish CPI data and expected Fed rate cuts.
🇩🇪 With 5,800 Bitcoin remaining, the German government has sold 88.4% of its original 50,000 $BTC.
🚨 Decentralized finance protocol Dough Finance lost $1.8 million in digital assets after a flash loan attack on the protocol.
🎙️ What’s next for Bitcoin?
💰 NEW: Genesis Trading transferred over 12,600 Bitcoin ($720M) to Coinbase over the past 30 days, two months after reaching a settlement with the state of New York.
⚡️ Elon Musk reveals that the European Commission offered X an illegal secret deal to quietly censor speech without fines.
Jan van Eck on Bitcoin in an interview with CNBC yesterday:
“We’ve seen only a 20% correction in the Bitcoin price. And that’s kinda normal in the bull market. At Van Eck we like to say that we’re HODLing, just holding on for dear life.”
🎙️ What’s next for Bitcoin?
We unravel the reasons behind Bitcoin’s recent $60K rejection and why the market is gripped by “extreme fear.”
We also cover the potential impact of the US Federal Reserve’s hinted September interest rate cut and legal shifts reshaping the crypto landscape.
Listen now! 🎧
🇩🇪 Update: With 5,800 Bitcoin remaining, the German government has sold 88.4% of its original 50,000 $BTC.
Читать полностью…
Germany has 9K Bitcoin left just 3 weeks after it started selling
Germany’s Bitcoin stack briefly dipped below 5,000 BTC after sending a mass of funds to Coinbase, Bitstamp, and Kraken but has since moved some back.
👉 Read More
🗞 Missed the news? Here's what's happened over the last 24 hours!
💪🏼 Survey reveals 49% are bullish about crypto right now
❌ Inferno Drainer fails attempt to launder ETH — ‘not welcome’ in Railgun
💰 The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
🚀 In Q2 2024, Bitget reported a significant $700 million capital inflow alongside a surge in user base, adding 2.9 million new users.
🇺🇸 US inflation falls to 3%, lower than expectations.
🇺🇸 The SEC has ended its investigation into Paxos, and has decided not to recommend enforcement action.
🇺🇸 Supreme Court ruling ‘changes the game’ for US crypto firms.
🚨 Celer Network warns of potential DNS hijacking attacks targeting crypto websites
🗣️ MicroStrategy announces 10-for-1 stock split to enhance stock accessibility for investors and employees.
