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🚀The US government has transferred $1.9 billion in Bitcoin seized from Silk Road to Coinbase Prime
✅ The US government has just taken a significant step in the field of cryptocurrency asset management by transferring over 19,800 Bitcoin, worth approximately $1.9 billion, into the Coinbase Prime wallet on December 2. This Bitcoin is the result of seizures related to Silk Road, the once-thriving dark web marketplace that was dismantled by authorities.
💵 Specific developments regarding the $1.9 billion Bitcoin
✅ This case is directly connected to the investigation from 2021 into James Zhong, who was convicted of wire fraud. In 2022, the US Department of Justice seized over 50,000 BTC from Zhong, including a significant portion of the assets hidden in a popcorn box. Currently, the US government holds a large amount of Bitcoin, equivalent to about $18 billion, and occasionally transfers it between different wallets.
✅ As for the reason for transferring this Bitcoin, there is still no clear information about whether the government plans to conduct a transaction or sell these assets. This raises many questions in the context of some lawmakers, such as Senator Cynthia Lummis, proposing the establishment of a "strategic Bitcoin reserve" to manage and handle Bitcoin in the future.
✅ Since July 2023, the US Marshals Service has embarked on an important collaboration with Coinbase Prime to manage and safeguard seized cryptocurrencies, in which Bitcoin plays a special role.
#toccrypto #tintuccrypto
✅ The US government has just taken a significant step in the field of cryptocurrency asset management by transferring over 19,800 Bitcoin, worth approximately $1.9 billion, into the Coinbase Prime wallet on December 2. This Bitcoin is the result of seizures related to Silk Road, the once-thriving dark web marketplace that was dismantled by authorities.
💵 Specific developments regarding the $1.9 billion Bitcoin
✅ This case is directly connected to the investigation from 2021 into James Zhong, who was convicted of wire fraud. In 2022, the US Department of Justice seized over 50,000 BTC from Zhong, including a significant portion of the assets hidden in a popcorn box. Currently, the US government holds a large amount of Bitcoin, equivalent to about $18 billion, and occasionally transfers it between different wallets.
✅ As for the reason for transferring this Bitcoin, there is still no clear information about whether the government plans to conduct a transaction or sell these assets. This raises many questions in the context of some lawmakers, such as Senator Cynthia Lummis, proposing the establishment of a "strategic Bitcoin reserve" to manage and handle Bitcoin in the future.
✅ Since July 2023, the US Marshals Service has embarked on an important collaboration with Coinbase Prime to manage and safeguard seized cryptocurrencies, in which Bitcoin plays a special role.
#toccrypto #tintuccrypto
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🪙 The Impact of Tether's Bitcoin and Gold Reserves
✅ Tether's active maintenance of reserves in Bitcoin and gold not only helps strengthen user confidence but also creates a significant impact on the cryptocurrency market. When Tether holds substantial liquid assets like Bitcoin and gold, it becomes an essential part of the cryptocurrency ecosystem, influencing the liquidity and value of these assets.
🚀 Bitcoin Reserves
✅ Tether currently holds over 82,000 BTC, with a total estimated value reaching billions of US dollars. Accumulating a large amount of Bitcoin helps Tether:
✅ Diversify reserves: Bitcoin is seen as a potential store of value that can withstand market fluctuations and inflation.
Increase liquidity: Bitcoin is an easily convertible asset in the cryptocurrency market, allowing Tether to respond quickly to USDT redemption requests.
✅ Build trust: Holding Bitcoin increases transparency and trust from the community, especially when Tether faces demands for reserve transparency.
🚀 Gold Reserves
✅ Tether also holds about 42 tons of gold, worth billions of US dollars, helping:
✅ Stabilize USDT's value: Gold is considered a safe asset, especially during times of economic uncertainty. Holding gold makes Tether's reserves less susceptible to price fluctuations of digital assets.
✅ Protect against inflation: With gold's value-retaining characteristics, Tether can ensure the long-term value of its reserves, providing protection for USDT even when fiat currencies depreciate.
#toccrypto #tintuccrypto #tetherUsdt
✅ Tether's active maintenance of reserves in Bitcoin and gold not only helps strengthen user confidence but also creates a significant impact on the cryptocurrency market. When Tether holds substantial liquid assets like Bitcoin and gold, it becomes an essential part of the cryptocurrency ecosystem, influencing the liquidity and value of these assets.
🚀 Bitcoin Reserves
✅ Tether currently holds over 82,000 BTC, with a total estimated value reaching billions of US dollars. Accumulating a large amount of Bitcoin helps Tether:
✅ Diversify reserves: Bitcoin is seen as a potential store of value that can withstand market fluctuations and inflation.
Increase liquidity: Bitcoin is an easily convertible asset in the cryptocurrency market, allowing Tether to respond quickly to USDT redemption requests.
✅ Build trust: Holding Bitcoin increases transparency and trust from the community, especially when Tether faces demands for reserve transparency.
🚀 Gold Reserves
✅ Tether also holds about 42 tons of gold, worth billions of US dollars, helping:
✅ Stabilize USDT's value: Gold is considered a safe asset, especially during times of economic uncertainty. Holding gold makes Tether's reserves less susceptible to price fluctuations of digital assets.
✅ Protect against inflation: With gold's value-retaining characteristics, Tether can ensure the long-term value of its reserves, providing protection for USDT even when fiat currencies depreciate.
#toccrypto #tintuccrypto #tetherUsdt
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🪙 Tether Increases Bitcoin Reserves with 700 Million USD
✅ Tether, the leading stablecoin issuer of USDT, recently executed a large transfer transaction by moving 7,629 BTC, equivalent to approximately 700 million USD, to its Bitcoin reserve address. This transaction took place from Bitfinex's hot wallet on the morning of December 30, demonstrating a strategic move to further strengthen Tether's position in the cryptocurrency space.
✅ In March 2024, Tether made another notable transfer by sending 8,888.88 BTC, and this latest move marks one of the largest additions to the company's Bitcoin reserve fund since then.
🚀 Growth of Tether's Bitcoin Reserves
✅ According to on-chain data from Arkham, on December 30, Tether recorded an impressive increase in their Bitcoin reserves, now totaling 82,983 BTC. The total investment value is estimated at approximately 2.99 billion USD, with an average purchase price of 36,125 USD per Bitcoin. This is part of Tether's expansion strategy in 2023, as they decided to allocate up to 15% of their profits to invest in Bitcoin to capitalize on this growth trend.
👉👉 See details at Crypto Tribe
#toccrypto #tintuccrypto
✅ Tether, the leading stablecoin issuer of USDT, recently executed a large transfer transaction by moving 7,629 BTC, equivalent to approximately 700 million USD, to its Bitcoin reserve address. This transaction took place from Bitfinex's hot wallet on the morning of December 30, demonstrating a strategic move to further strengthen Tether's position in the cryptocurrency space.
✅ In March 2024, Tether made another notable transfer by sending 8,888.88 BTC, and this latest move marks one of the largest additions to the company's Bitcoin reserve fund since then.
🚀 Growth of Tether's Bitcoin Reserves
✅ According to on-chain data from Arkham, on December 30, Tether recorded an impressive increase in their Bitcoin reserves, now totaling 82,983 BTC. The total investment value is estimated at approximately 2.99 billion USD, with an average purchase price of 36,125 USD per Bitcoin. This is part of Tether's expansion strategy in 2023, as they decided to allocate up to 15% of their profits to invest in Bitcoin to capitalize on this growth trend.
👉👉 See details at Crypto Tribe
#toccrypto #tintuccrypto
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Four Reasons Why Pi Network's Price Plummeted After the Mainnet Launch
After officially launching the mainnet, Pi Network experienced a significant drop in value, resulting in losses of up to $6 billion within just the first two days. On Saturday, the price of Pi Network fell to just $0.76, a figure much lower than the launch price of $2. Below are four main reasons explaining this decline.
1. Allegations of Fraud
One of the most significant reasons leading to the price drop of Pi Network is the statement from Ben Zhou, the CEO of the Bybit exchange. He called Pi Network a 'scam', citing a report from China that claimed this project targets the elderly. Although Pi Network has publicly denied these accusations and asserted that their project has been developed over the past six years, the statement from a CEO of a major exchange may have diminished investor confidence.
1. Allegations of Fraud
One of the most significant reasons leading to the price drop of Pi Network is the statement from Ben Zhou, the CEO of the Bybit exchange. He called Pi Network a 'scam', citing a report from China that claimed this project targets the elderly. Although Pi Network has publicly denied these accusations and asserted that their project has been developed over the past six years, the statement from a CEO of a major exchange may have diminished investor confidence.
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Why has the price of Pi Network (PI) recovered by 150%?
The price of Pi Network (PI) after the initial days of listing on the exchange experienced a sharp decline, but it has now recorded an impressive recovery of up to 150% from the most recent low. This recovery is not merely a market trend but is also driven by changes in investor psychology along with notable events in the community.
Below are the main reasons that triggered the resurgence of Pi Network's price, with the current price above $1.5 at the time we wrote this article.
Below are the main reasons that triggered the resurgence of Pi Network's price, with the current price above $1.5 at the time we wrote this article.
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Bybit CEO: Commitment to fully reimburse stolen Ethereum assets
In a strong statement, Ben Zhou, the CEO of the cryptocurrency exchange Bybit, sent a powerful message to the investor community about the commitment to protect user assets. The recent large-scale cyber attack has placed Bybit in a serious situation as the exchange lost over 1.4 billion dollars to hackers. Mr. Zhou assured investors that Bybit has the capability to fully compensate for all losses in this incident, one of the most serious attacks in the history of the cryptocurrency industry.
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🪙 3 Notable Altcoins in the First Week of January 2025
✅ As we enter 2025, the cryptocurrency market is attracting strong attention from investors. In the context of many cryptocurrencies experiencing significant fluctuations at the end of 2024, three altcoins have emerged as promising candidates for future growth.
✅ In addition to internal factors, widespread adoption and partnerships with large organizations will also contribute to a boost for these coins. Investors are closely monitoring the situation of these altcoins as these factors could yield substantial profits in the future.
✅ Understanding the trends and fluctuations of the three current altcoins will help investors seize opportunities in a highly competitive and ever-changing market. This way, they can make informed decisions in their investment journey.
🚀 Cardano (ADA)
🚀 Celestia (TIA)
🚀 Tron (TRX)
See details at Crypto Tribe
#toccrypto #tintuccrypto
✅ As we enter 2025, the cryptocurrency market is attracting strong attention from investors. In the context of many cryptocurrencies experiencing significant fluctuations at the end of 2024, three altcoins have emerged as promising candidates for future growth.
✅ In addition to internal factors, widespread adoption and partnerships with large organizations will also contribute to a boost for these coins. Investors are closely monitoring the situation of these altcoins as these factors could yield substantial profits in the future.
✅ Understanding the trends and fluctuations of the three current altcoins will help investors seize opportunities in a highly competitive and ever-changing market. This way, they can make informed decisions in their investment journey.
🚀 Cardano (ADA)
🚀 Celestia (TIA)
🚀 Tron (TRX)
See details at Crypto Tribe
#toccrypto #tintuccrypto
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Recent Trends in the NFT Market: Sales Analysis and Transaction Flow
Over the past month, the NFT market has gone through a difficult phase with sales dropping sharply by 28.9%, resulting in a total transaction value of only about 107 million USD. This decline occurs against the backdrop of the cryptocurrency market being heavily impacted by a major sell-off, with key coins like Bitcoin falling to 85,000 USD and Ethereum dropping to 2,200 USD.
According to data provided by CryptoSlam, the decline in total NFT trading volume has marked a new focal point for investors and collectors, despite a significant increase in the number of participants in trading. Here are the highlights from the latest report:
According to data provided by CryptoSlam, the decline in total NFT trading volume has marked a new focal point for investors and collectors, despite a significant increase in the number of participants in trading. Here are the highlights from the latest report:
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The SEI ecosystem has recorded many optimistic signals in December
🪙 The SEI ecosystem has recorded many optimistic signals in December
✅ With ecosystem expansion, growing cash flows, and strategic partnerships, SEI is entering a phase of strong development. These signals not only indicate the platform's maturity but also affirm SEI's competitive potential in the blockchain field. If the growth momentum is maintained, SEI could become one of the prominent ecosystems in the near future.
✅ With ecosystem expansion, growing cash flows, and strategic partnerships, SEI is entering a phase of strong development. These signals not only indicate the platform's maturity but also affirm SEI's competitive potential in the blockchain field. If the growth momentum is maintained, SEI could become one of the prominent ecosystems in the near future.
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🚀 Vietnamese Investors Face Challenges from Volatile Crypto Market
✅ The cryptocurrency (Crypto) market always attracts the attention of investors worldwide, and Vietnam is no exception. Recently, many investors in the Crypto community in Vietnam have struggled to adjust their portfolios to follow market trends, especially as the price of Bitcoin (BTC) has peaked while many Altcoins have yet to recover.
⭐ Increased Interest in Altcoins
✅ According to a report from BeInCrypto, data from Google Trends shows that interest from Vietnamese users in the keyword “Altcoin” has reached its highest peak in the past 5 years. This indicates that investors are very hopeful for an Altcoin season, with interest levels even surpassing the strong growth period of 2021-2022. This sentiment reflects great expectations for profitability from Altcoins, especially in the context of Bitcoin prices surpassing previous highs.
✅ A range of new technology cryptocurrencies such as StarketNet (STRK), ZKsync (ZK), Arbitrum (ARB), and Optimism (OP) have attracted strong attention from investors. However, many have fallen into a state of “FOMO,” as the value of these Altcoins has not yet reached previous all-time highs (ATH). While they await the recovery of Altcoins, capital flows have shifted towards meme coins, leaving many investors unable to recover their investments from prior holdings.
#toccrypto #tintuccrypto
✅ The cryptocurrency (Crypto) market always attracts the attention of investors worldwide, and Vietnam is no exception. Recently, many investors in the Crypto community in Vietnam have struggled to adjust their portfolios to follow market trends, especially as the price of Bitcoin (BTC) has peaked while many Altcoins have yet to recover.
⭐ Increased Interest in Altcoins
✅ According to a report from BeInCrypto, data from Google Trends shows that interest from Vietnamese users in the keyword “Altcoin” has reached its highest peak in the past 5 years. This indicates that investors are very hopeful for an Altcoin season, with interest levels even surpassing the strong growth period of 2021-2022. This sentiment reflects great expectations for profitability from Altcoins, especially in the context of Bitcoin prices surpassing previous highs.
✅ A range of new technology cryptocurrencies such as StarketNet (STRK), ZKsync (ZK), Arbitrum (ARB), and Optimism (OP) have attracted strong attention from investors. However, many have fallen into a state of “FOMO,” as the value of these Altcoins has not yet reached previous all-time highs (ATH). While they await the recovery of Altcoins, capital flows have shifted towards meme coins, leaving many investors unable to recover their investments from prior holdings.
#toccrypto #tintuccrypto
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Weekly News Summary 23/12 - 29/12
✅ 1. Billionaire Elon Musk has more money than Jeff Bezos and Mark Zuckerberg combined: According to the latest statistics, Elon Musk's wealth has surpassed the total wealth of Jeff Bezos and Mark Zuckerberg, solidifying his position as the richest person in the world.
✅ 2. The Fed cuts interest rates by 0.25%, expected to cut two more times in 2025: The Federal Reserve has reduced interest rates by an additional 0.25% and signaled that it will be cautious in further rate cuts next year.
✅ 2. The Fed cuts interest rates by 0.25%, expected to cut two more times in 2025: The Federal Reserve has reduced interest rates by an additional 0.25% and signaled that it will be cautious in further rate cuts next year.
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Bitcoin price drops $20,000 due to the decline in global money supply
✅ Over the past two months, global liquidity has significantly decreased, with the Global M2 index – a measure of the total amount of money in circulation worldwide – falling by $4.1 trillion, from $108.5 trillion to $104.4 trillion. This is the lowest level since August 2024.
✅ Global liquidity sharply decreased over the past two months
This decline not only reflects the impact of macroeconomic policies but also signals significant challenges for global financial and economic markets.
✅ Global liquidity sharply decreased over the past two months
This decline not only reflects the impact of macroeconomic policies but also signals significant challenges for global financial and economic markets.
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🪙Bitcoin Price Prediction: Continuous Growth Until April 2025
✅ Bitcoin (BTC), the largest cryptocurrency in the world, has set a new historical milestone as its price first surpassed the 100,000 USD mark on December 5.
✅ Since then, the price of BTC has experienced a pullback and is currently trading below this level. Despite the short-term correction, many analysts and experts in the cryptocurrency field predict that the price of bitcoin in this bull run will not stop and will continue at least until April 2025.
🚀 On-Chain Data Analysis
✅ To assess Bitcoin's growth potential in the near future, we need to consider some important on-chain indicators. One of the notable metrics is Net Unrealized Profit/Loss (NUPL), which plays a significant role in reflecting the health of the cryptocurrency market.
✅ NUPL measures the difference between unrealized profits and unrealized losses of Bitcoin investors. When NUPL is in the positive zone, it indicates that market sentiment is optimistic and the upward momentum may continue. Conversely, if this metric shifts to the negative zone, it may pose risks regarding Bitcoin's potential price decline.
✅ Monitoring NUPL along with other indicators, such as trading volume and wallet activity levels, will provide us with a broader perspective on Bitcoin's price direction. If NUPL continues to reflect stability and growth in unrealized profits, the possibility of Bitcoin's price reaching higher levels in the future is feasible.
#toccrypto
✅ Bitcoin (BTC), the largest cryptocurrency in the world, has set a new historical milestone as its price first surpassed the 100,000 USD mark on December 5.
✅ Since then, the price of BTC has experienced a pullback and is currently trading below this level. Despite the short-term correction, many analysts and experts in the cryptocurrency field predict that the price of bitcoin in this bull run will not stop and will continue at least until April 2025.
🚀 On-Chain Data Analysis
✅ To assess Bitcoin's growth potential in the near future, we need to consider some important on-chain indicators. One of the notable metrics is Net Unrealized Profit/Loss (NUPL), which plays a significant role in reflecting the health of the cryptocurrency market.
✅ NUPL measures the difference between unrealized profits and unrealized losses of Bitcoin investors. When NUPL is in the positive zone, it indicates that market sentiment is optimistic and the upward momentum may continue. Conversely, if this metric shifts to the negative zone, it may pose risks regarding Bitcoin's potential price decline.
✅ Monitoring NUPL along with other indicators, such as trading volume and wallet activity levels, will provide us with a broader perspective on Bitcoin's price direction. If NUPL continues to reflect stability and growth in unrealized profits, the possibility of Bitcoin's price reaching higher levels in the future is feasible.
#toccrypto
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🪙 ETH Price Likely to Hit $3,300 Due to Many Positive Market Factors
🚀 Ethereum (ETH) price is currently receiving a lot of attention from investors, and is likely to hit $3,300 in the near future thanks to many positive market factors. Here are some of the main reasons for this trend:
✅ Technological advancement: Ethereum is constantly updating and improving its ecosystem through upgrades such as Ethereum 2.0. The transition from Proof of Work (PoW) to Proof of Stake (PoS) mechanism not only reduces energy consumption but also improves scalability and network performance.
✅ Growth of DeFi and NFT: The growth of decentralized finance (DeFi) applications and non-fungible tokens (NFTs) often built on the Ethereum platform, creating high demand for ETH. This could boost the value of ETH as more new projects launch.
✅ Widespread adoption: Many large companies and financial institutions are gradually adopting ETH in their operations, from investing in the coin to integrating blockchain solutions into their business models.
✅ Rising trading volumes: Trading volumes on exchanges are increasing, indicating interest from both retail and institutional investors.
✅ Monetary and macroeconomic policies: The current economic environment with low interest rates and fiscal stimulus measures from governments has led to a hunt for assets with potential to appreciate.
#toccrypto #tintuccrypto #eth $ETH
🚀 Ethereum (ETH) price is currently receiving a lot of attention from investors, and is likely to hit $3,300 in the near future thanks to many positive market factors. Here are some of the main reasons for this trend:
✅ Technological advancement: Ethereum is constantly updating and improving its ecosystem through upgrades such as Ethereum 2.0. The transition from Proof of Work (PoW) to Proof of Stake (PoS) mechanism not only reduces energy consumption but also improves scalability and network performance.
✅ Growth of DeFi and NFT: The growth of decentralized finance (DeFi) applications and non-fungible tokens (NFTs) often built on the Ethereum platform, creating high demand for ETH. This could boost the value of ETH as more new projects launch.
✅ Widespread adoption: Many large companies and financial institutions are gradually adopting ETH in their operations, from investing in the coin to integrating blockchain solutions into their business models.
✅ Rising trading volumes: Trading volumes on exchanges are increasing, indicating interest from both retail and institutional investors.
✅ Monetary and macroeconomic policies: The current economic environment with low interest rates and fiscal stimulus measures from governments has led to a hunt for assets with potential to appreciate.
#toccrypto #tintuccrypto #eth $ETH
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BitConnect Investigation: The Collapse of the Ponzi Scheme and Its Consequences in India
The Indian Enforcement Directorate (ED) recently launched a major crackdown, resulting in the seizure of $190 million in cryptocurrency linked to the controversial BitConnect investment program. The seizure operations took place in Ahmedabad and several other areas in Gujarat over the two days of February 11 and 15, 2023. In addition to the massive cryptocurrency amount, the ED also seized $16,300 in cash, an SUV, and several other digital devices.
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BNB Faces Short-Term Bearish Pressure Despite Growing Ecosystem
In recent weeks, BNB has become the center of attention in the market with a significant increase in trading volume and interest from investors in its ecosystem, including meme coins like TST. However, despite this excitement, the price of BNB has shown a decrease of over 3% in the past week, reflecting uncertainty in the current market trend.
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Cardano Price Rises Strongly After Partnership Agreement with Globant and Charles Hoskinson's VIP Meeting
The value of Cardano (ADA) has recorded significant growth, reaching $0.80 on Saturday, corresponding to a 55% increase from its lowest point in the month. This recovery not only reflects the overall trend of altcoins but also results from an important announcement from founder Charles Hoskinson regarding a new partnership agreement with Globant, a major technology company.
Cardano Partners with Globant
Cardano Partners with Globant
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🪙 Pavel Durov Founder of Telegram, First Interrogated in Paris Court
✅ On December 6, Pavel Durov, the founder of the famous messaging app Telegram, was interrogated for the first time in a court in Paris, France. This interrogation took place in the context of a legal investigation related to allegations that the app founded by Durov facilitated criminal activities.
🚀 Details About Pavel Durov's Interrogation
✅ Pavel Durov appeared in the Paris court at 4 PM Vietnam time, along with his two lawyers, David-Olivier Kaminski and Christophe Ingrain. According to information from Agence France-Presse (AFP), the interrogation mainly focused on allegations that Telegram has been used to conduct illegal transactions.
🚀 Legal Context
✅ Telegram founder Pavel Durov underwent his first interrogation at the Paris Court after being detained. Durov was released after posting a bail amounting to $6 million; however, he is still subject to restrictions on leaving French territory until March 2025. Prosecutors in France have made serious allegations against Durov, claiming that he has operated the Telegram platform, where they allege, many illegal activities have taken place.
See details on the Crypto Tribe page
#toccrypto #Telegram.
✅ On December 6, Pavel Durov, the founder of the famous messaging app Telegram, was interrogated for the first time in a court in Paris, France. This interrogation took place in the context of a legal investigation related to allegations that the app founded by Durov facilitated criminal activities.
🚀 Details About Pavel Durov's Interrogation
✅ Pavel Durov appeared in the Paris court at 4 PM Vietnam time, along with his two lawyers, David-Olivier Kaminski and Christophe Ingrain. According to information from Agence France-Presse (AFP), the interrogation mainly focused on allegations that Telegram has been used to conduct illegal transactions.
🚀 Legal Context
✅ Telegram founder Pavel Durov underwent his first interrogation at the Paris Court after being detained. Durov was released after posting a bail amounting to $6 million; however, he is still subject to restrictions on leaving French territory until March 2025. Prosecutors in France have made serious allegations against Durov, claiming that he has operated the Telegram platform, where they allege, many illegal activities have taken place.
See details on the Crypto Tribe page
#toccrypto #Telegram.
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List of Potential Tokens Not Yet Listed on Binance
✅ In the context of the highly volatile cryptocurrency market, investing in potential tokens that have not yet been listed on the Binance exchange has become a topic attracting many investors, especially those with limited capital. Binance, renowned as one of the largest exchanges in the world, often brings a strong appeal to tokens that have just been listed, causing their values to skyrocket in a short period. As a result, correctly predicting which tokens will be listed on Binance becomes an exciting game.
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🚀 The number of retail investors rushing into Bitcoin has reached a four-year high.
The Bitcoin (BTC) market is currently witnessing a strong comeback of retail investors, with demand far exceeding that of May 2020. This increase comes as Bitcoin heads towards the $100,000 mark, a price level that the cryptocurrency has faced significant challenges in the past.
⭐ Will the cash flow from retail investors be enough to push Bitcoin higher?
Market history has shown that Bitcoin prices tend to surge whenever demand from retail investors increases. Although "whales" and institutional investors still often play key roles in price fluctuations during the current cycle, according to recommendations from CryptoQuant, the situation may be changing.
⭐ Data also shows signs of positive change.
The retail investor demand index over the past 30 days has recorded a significant shift in the capital flowing into Bitcoin. Accordingly, the trading volume below $10,000 is increasing, indicating the growing influence of retail investors. Currently, this index has reached 27.15, the highest level in four years. The last time this index hit this level, the price of Bitcoin experienced a strong breakout from $9,500 to $37,000 in less than six months.
If history repeats itself, it can be said that BTC will have a chance to surpass the $100,000 mark in the near future.
#toccrypto $BTC
The Bitcoin (BTC) market is currently witnessing a strong comeback of retail investors, with demand far exceeding that of May 2020. This increase comes as Bitcoin heads towards the $100,000 mark, a price level that the cryptocurrency has faced significant challenges in the past.
⭐ Will the cash flow from retail investors be enough to push Bitcoin higher?
Market history has shown that Bitcoin prices tend to surge whenever demand from retail investors increases. Although "whales" and institutional investors still often play key roles in price fluctuations during the current cycle, according to recommendations from CryptoQuant, the situation may be changing.
⭐ Data also shows signs of positive change.
The retail investor demand index over the past 30 days has recorded a significant shift in the capital flowing into Bitcoin. Accordingly, the trading volume below $10,000 is increasing, indicating the growing influence of retail investors. Currently, this index has reached 27.15, the highest level in four years. The last time this index hit this level, the price of Bitcoin experienced a strong breakout from $9,500 to $37,000 in less than six months.
If history repeats itself, it can be said that BTC will have a chance to surpass the $100,000 mark in the near future.
#toccrypto $BTC
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