- DailyCoin Newsletter
- Posts
- 2024-07-05
2024-07-05
Fernando Fierro
July 05, 2024
Howdy folks,
📉💸 Mt. Gox has started repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). This move follows the defunct exchange's transfer of $2.71 billion worth of BTC in preparation for the payouts.
Speculators worry that this influx could put selling pressure on Bitcoin, as creditors might sell to capitalize on BTC's massive gains over the past decade.
In other news:
🇩🇪📉 The German government is moving large amounts of Bitcoin, sparking fears of a market dump. HTX CEO Justin Sun has proposed buying the entire portfolio to prevent a price collapse.
Despite Bitcoin’s recent struggles, a potential sell-off by the government adds to market anxiety.
📉🔻 Solana is leading the market downturn, shedding 7.22% recently amid Bitcoin's price drop. Technical indicators for SOL are bearish, showing strong sell signals.
With Bitcoin trading below $56,000, the overall market sentiment remains pessimistic.
🏦💎 The controversial 'HODL tax' proposal has sparked heated debate in the Bitcoin community. This tax would force long-term holders to subsidize miners, aiming to maintain network security post-halving.
Critics argue it contradicts Bitcoin’s principles, while supporters consider it a necessary sustainability measure.
Open Banking Expo UK & Europe
15-16 October 2024
www.openbankingexpo.com/uk
Open Banking Expo is the must-attend event of 2024. The event SOLD OUT in 2023 and returned this year with an expanded exhibition hall and two co-located shows!
Join us for:
Two days packed with more sessions, more speakers, more exhibitors and more time to shape the future of Open Banking and Open Finance.
150+ show-stopping speakers from top banks and regulators
3 stages with captivating content
2 co-located shows; The Open Finance Show & Smart Data Show
Network with a unique audience blend of retail banks, challengers, payment providers, SME lenders, PISPs, AISPs, fintechs, and policy setters.
👉 Save 20% using the code: DCC20
DailyCoin Daily Meme
Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!
DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.