Bitcoin Whale’s $9B transfer, Genius Act sparks Correction Concerns

Share via:


Crypto market watchers are concerned about a potential correction as whales are selling billions of dollars worth of Bitcoin, despite the US Senate passing three key pieces of legislation that provide more clarity for digital assets.

A Satoshi-era whale awakened after 14 years of dormancy and moved $9.6 billion worth of Bitcoin (BTC), which he received in April and May of 2011, Cointelegraph reported on Thursday.

The whale may have opted to sell due to concerns related to the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Bitcoin Whale’s $9B transfer, Genius Act sparks Correction Concerns


Crypto market watchers are concerned about a potential correction as whales are selling billions of dollars worth of Bitcoin, despite the US Senate passing three key pieces of legislation that provide more clarity for digital assets.

A Satoshi-era whale awakened after 14 years of dormancy and moved $9.6 billion worth of Bitcoin (BTC), which he received in April and May of 2011, Cointelegraph reported on Thursday.

The whale may have opted to sell due to concerns related to the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

DuckDuckGo now lets you hide AI-generated images in search...

Privacy-focused browser DuckDuckGo is rolling out a new...

ETtech Deals Digest: Startups raise $124 million this week,...

Startups raised around $123.9 million during the week...

Meta hires two key Apple AI experts after poaching...

Meta Platforms Inc. hired a pair of key...

Popular

Upcoming Events

IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs dfsgs dfsgs iptv service iptv service
IPTV IPTV IPTV IPTV IPTV IPTV IPTV IPTV