Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile
Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿

@cornryesong

Bitcoiner maximalista, sharing insights on #crypto , #DYOR , #NotYourKeysNotYourCoins

ID: 1654565855676575748

calendar_today05-05-2023 19:19:25

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Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

In 2024, Google will make changes to products that aim exclusively to reduce users' privacy and ability to choose. One of them is the end of ad blockers. Google said , "don't be evil". Now they are "pure evil".

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

In July 2024, the German government sold 44,200 BTC (88.4% of its initial holdings) over a period of three weeks, with the majority of the sales occurring in the last two weeks of July. Fair enough, since central governments should not be holders of #BITCOIN .

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

The large-scale sales of #bitcoins in July 2024 by the German government have contributed to downward pressure on Bitcoin prices. The cryptocurrency’s price has fallen by over 15% since the beginning of June 2024. They didn't understand #BITCOIN .

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

As of July 2024, the German government still holds approximately 32,488 BTC (worth around $1.9 billion at current prices) in its Federal Criminal Police Office’s Bitcoin wallet. Let's wait for more dumps and price drops in 6 months.

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

In July 2024 the German government first transferred 133.722 bitcoin to market maker Cumberland DRW, 5,200 bitcoins to Flow Traders, 4,200 bitcoin to the B2C2 Group, 2,350 bitcoin to Bitstamp, 2,050 bitcoin to Coinbase and 1,250 bitcoin to Kraken, according to platform Arkham.

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

In mid-August 2024, Aave Token Has Beaten the Market With a 45% Price Surge. AAVE has outperformed every other top 100 cryptocurrency by market value in the past four weeks.

In mid-August 2024, Aave Token Has Beaten the Market With a 45% Price Surge. 

AAVE has outperformed every other top 100 cryptocurrency by market value in the past four weeks.
Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

Bitfarms, A #bitcoin mining company agreed to acquire Stronghold Digital Mining Inc. for about $125 million in stock, showing that mining companies will face a CONSOLIDATION scenario ahead.

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

Although many #bitcoin mining plants are being built around the world, Chinese technology company BITMAIN holds 90% of the mining equipment market. They can easily determine the market price for each hashrate.

Coin and Byte Songs 🏴󠁧󠁢󠁥󠁮󠁧󠁿 ₿ (@cornryesong) 's Twitter Profile Photo

#Bitcoin is not the only force in favor of de-dollarization. The Chinese Yuan accounted for 42% of all international transactions with Russia in 2023-2024. US dollar accounted for 39.5% for the same period. The Yuan gains strength as de-dollarization progresses.