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Bitcoin: Trump and Russia recommend it. They buy ETFs in droves. A week in the cellar

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Bitcoin: Trump and Russia recommend it. They buy ETFs in droves. A week in the cellar

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You are shocked that Bitcoin has fallen to $53,000 (1.2 million kroner) and you believe the catastrophists on social networks or elsewhere who say Bitcoin is dead Or at least sick enough to drop to at least $20,000?

The world’s largest investor saw it differently and only sold its Bitcoin ETF on Monday Cheap to buy Nearly $300 million (6.8 billion kroner). The inflows into etéefek on Monday were the highest since the beginning of June, but inflows were in Bitcoin, which was priced at around $70,000 (1.6 million kroner). Investors seem to be relying on the famous motto of buying on dips.

Data from SoSoValue The market leader, BlackRock’s fund, bought the most. It bought almost $180 million (4.1 billion kroner), followed by Fidelity. Grayscale’s ETF, which has been known for selling rather than buying so far, bought more than $25 million (570 million kroner) of tokens.

Stay away from these pirated Bitcoins!

The large supply of tokens on the market is considered to be the reason for the fall in the price of Bitcoin. On the one hand, it concerns Bitcoin, after ten years the bankrupt exchange Mt.Gox began to pay its customers, and on the other hand, it concerns the German Police Wallet.

At least other sources will soon dry up. The German government continued to liquidate its Bitcoin reserves on Thursday She transferred another 2,375 bitcoins to the exchange Worth about $138 million (3.1 billion kroner).

In 2013, the Federal Criminal Office (BKA) seized a total of 50,000 Bitcoins from the operators of the Movie2K pirate website.

The Germans had already sold some of them earlier, and now they have sold more than 25,000 pieces since mid-June. According to the data in the blockchain, they have “only” about 13,100 Bitcoins left, worth “only” $765 million (less than “only” 18 billion kroner).

Samourai Wallet founder leaves (and doesn’t want to join)

William Lonergan Hill, co-founder of Samourai Wallet Release on bail The amount is three million US dollars. Hill was detained Since April, he has been charged with ridiculous charges including money laundering and operating a money transmitter without a license.

Hill’s lawyers are preparing a defense for the trial, but the investigation and inquiry are unlikely to begin until the middle of next year.

Defense attorneys are likely to challenge the money laundering charge on grounds that, among other things, if the Samourai Wallet was designed for money laundering, it would not have been available in the Google Play Store for nine years. It remained there from May 2015 until this year, when it was removed following the arrest.

The defense also disputed Samourai Wallet’s classification as a money transmission business, arguing that it had no obligation to comply with anti-money laundering measures required by U.S. law under guidance from FinCEN at the time.

Trump to Speak at Bitcoin Conference

Donald Trump continues to seek votes from Bitcoin and cryptocurrency fans. He is a former president Officially announced as speaker The world’s largest Bitcoin 2024 conference will be held in Nashville in two weeks.

The US presidential candidates will speak at the second conference, and in addition to Trump, Robert F. Kennedy Jr. will also attend. Therefore, this conference has the potential to become a major event that affects future US cryptocurrency policy.

The conference’s first year has already made Bitcoin history, with Salvadoran President Nayib Bukele announcing in 2021 that he would make Bitcoin legal tender in the country.

Although Trump has only recently spoken about Bitcoin Quite unpleasantlyIn the past few months Turned 180 degrees And became his loyal fan.

Last month, Trump met with major US Bitcoin miners and assured them of his support. In May, he announced that he would ensure that the future of Bitcoin and cryptocurrencies is created in the United States, and promised that as president he would protect the right to own cryptocurrencies. What’s more – he also promised Firing Ross UlbrichtSentenced to life imprisonment Silk Road Case.

Even Russia recommends Bitcoin

how Reuters warnedCentral Bank of Russia Recommended to Russian companiesusing “solutions that give them more options” to pay each other with foreign companies and circumvent sanctions.

Elvira Sachipzadovna Nabiullina, the head of Russia’s central bank, said sanctions against major Russian financial institutions, including the Moscow Stock Exchange and the Russian alternative to the SWIF global payments system, were one of the fundamental challenges facing the Russian economy.

“New financial technologies create opportunities for payment schemes that did not exist before. That is why we have softened our stance on the use of cryptocurrencies in international payments and made it possible to use digital assets in them,” Nabiullina said at a financial conference in St. Petersburg.

This will be good news for critics of Bitcoin and cryptocurrencies, who say they are used by criminals to launder money and evade sanctions. She is the truth. But it is good to remember that criminals also eat bread and drive cars.

Offline Express: How does the current state of Bitcoin resemble the early Internet? Can we find any parallels? This is not all I talk about in Honza Kohout’s work. Krypton PodcastWe filmed in the center of BTC Prague and it was worth it.


Thomas Kraus

I bought my first satoshi in 2017 and since then I have been fascinated by Bitcoin and other cryptocurrencies. That’s why I made the bitcoinvkapse.cz website about them, mainly for beginners. Other articles by the author.

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