Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service of the government of Finland, announced Thursday that it has sold “legally forfeited” bitcoins. “During the… Source link

The pencilled-in preliminary date for The Merge, revealed by the Ethereum developer Superphiz, is less than two months away and the announcement seemingly caused a number of developments to happen. First off, the network’s native token ether saw a significant spike in value and secondly, Ethereum’s hashrate has dropped 18.21% since June 30. Data also shows that the number of ethereum stored on exchanges has seen a massive drop, as roughly 25.13 million ether was once held on… Source link

Ethereum’s native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern. ETH paints cup and handle pattern Specifically, ETH/BTC has been forming a “cup and handle” on its lower-timeframe charts since July 18.  A cup and handle setup typically appears when the price falls and then rebounds in what appears to be a… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt Companies are doing whatever possible to stay solvent during crypto winter—freezing redemptions, laying off employees, cutting spending, filing for bankruptcy, negotiating buyouts—but those conditions couldn’t prevent markets from warming over the last week. Bitcoin grew 8% over the last seven days to $22,337, as of this writing, but the world’s favorite cryptocurrency was vastly outperformed by Ethereum, which blew up… Source link

Speculation is that some investors have turned to bitcoin in order to protect their holdings from the impacts of hyperinflation. But what exactly does that mean? People are drawn to everything they can run to in order to protect themselves from inflation, which has reached unprecedented highs. The bitcoin assets are assumed to be inflation-resistant, despite evidence to the contrary. However, things quickly become unclear if you discover that each cryptocurrency is unique, and some are… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Saturday. The crypto is down 5.42% to $55.51 while the broader crypto market is down 4.33%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Bitcoin moved towards $22,000 to start the weekend, as prices consolidated following Friday’s gains. Price uncertainty has heightened in crypto in the aftermath of recent rallies, which has pushed several tokens towards overbought territory. Ethereum also slipped on Saturday. Bitcoin Bitcoin (BTC) prices fell on Saturday, as price uncertainty in crypto markets continued to heighten following recent gains. The world’s largest cryptocurrency fell by over $1,000 in the past 24 hours,… Source link

Litecoin and Tron have paid their dues in the crypto world since they came on the scene. LiteCoin (LTC) emerged just in time for Bitcoin investors in dire need of lower transaction fees and more accessibility. Tron (TRX) aimed to provide more independence and power to its investors and content creators. After their launch, both found success and delivered massive profits to their customers and users.  However, the bearish market run of the first half of 2022 didn’t spare both coins. LTC… Source link

The Litecoin price analysis reveals a bullish trend today as it indicates a slight rise in the price levels. The coin showed good bullish price action during the past week as the price was recovering at a steady pace. But now, the trend line is slowly turning downwards as bears are showing strength. Nevertheless, bulls have taken the lead back today, and the price has slightly increased. However, the bearish pressure still weighs on the price function, and the trend can undergo a change at… Source link

Argentina, a country battered by sky-high inflation, is restricting Bitcoin traders from buying U.S. dollars at the official exchange rate in a bid to tame capital flight.  In a Thursday announcement, the country’s central bank said that those who have bought Bitcoin or any other digital asset in the past 90 days with pesos will not be able to access the single free exchange market (Mercado Único y Libre de Cambio—MULC) and buy dollars at the official rate.  The idea is to stop money… Source link