Global #cryptocurrency

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Kevin, formerly known as OG Yomi, a crypto analyst, has identified a positive pattern on the Dogecoin (DOGE) chart, signaling an impending breakout. This forecast comes in the wake of a surge in accumulation by large DOGE holders, potentially influencing the anticipated breakout.

The surge in the United States' money supply, nearing $100 trillion, is expected to positively impact the price of Bitcoin, currently trading at $71,000.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.

In a significant update, Turkey's Treasury and Finance Minister Mehmet Simsek has stated that the government has no intentions to levy taxes on gains made from "stocks and cryptocurrencies."

Despite lacking awareness and understanding, half of the respondents from Germany indicated a willingness to consider using the digital euro as an additional payment option.

In the past month, cryptocurrency investment products attracted $2 billion in investments, pushing year-to-date inflows over $15 billion. The recent week alone saw $185 million invested.

The SEC's Salt Lake City office is scheduled to close. The office gained notoriety in the cryptocurrency industry for its unsuccessful lawsuit against DEBT Box.

The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations.

A recent YouTube video delves into the journey and goals of Charles Hoskinson, one of Ethereum's co-founders who later created Cardano to overcome the limitations of existing blockchain systems.

Wisconsin's recent decision to invest $160 million in Bitcoin ETFs has caught the attention of many in the financial world, sparking speculation about whether other state pension funds will follow suit.

The Dubai Financial Services Authority (DFSA) has revised its regulations concerning cryptocurrency tokens in an effort to enhance the regulatory framework within the Dubai International Financial Centre (DIFC), a designated economic zone in Dubai.