Cryptocurrency

Investing in Bitcoin: Germany and France

Wednesday. February 5 at 7:00 PM

1 min. read

The perception of Bitcoin as a viable investment opportunity is growing globally, with governments like Germany and France endorsing the cryptocurrency. In Germany, the Federal Financial Supervisory Authority (BaFin) recognized Bitcoin as a financial instrument in 2013, paving the way for crypto adoption. Long-term holders benefit from tax exemptions on Bitcoin profits. France, under the PACTE law, enforces strict regulations on crypto establishments, ensuring compliance and investor protection. Platforms like Coinbase, Bitpanda, and Kraken offer convenient ways to buy Bitcoin in both countries, with educational resources for beginners. Choosing the right Bitcoin wallet is crucial for security, with options like exchange wallets, mobile wallets, and hardware wallets available. While Bitcoin is not directly regulated under the Markets in Crypto-Assets (MiCA) framework, it plays a significant role in shaping the regulatory landscape for cryptocurrencies in the EU, ensuring transparency and accountability for investors in Germany and France.

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Bitcoin's Realized Cap Hits $850 Billion, Glassnode Predicts Continued Growth

Wednesday. February 5 at 9:00 PM

Bitcoin's network now holds more value than ever before, with its realized cap reaching $850 billion for the first time. Glassnode, a crypto analytics firm, anticipates that Bitcoin's price may continue to rise in the near future. Since the 2022 crypto bear market low, Bitcoin has attracted nearly $500 billion in capital inflows, leading to record-high realized cap levels. The research also highlights the daily settlement volume of around $9 billion and over $3 trillion settled by the Bitcoin network in the past year. Despite higher prices, retail investors have not shown the same level of FOMO or excitement as in previous cycles, indicating a shift in investor behavior towards larger entities. Glassnode suggests that the current BTC price cycle is atypical, with new demand inflows occurring in bursts rather than consistently. This article does not provide investment advice, and readers are advised to conduct their own research before making any investment decisions.

Cryptocurrency

Investing in Bitcoin: Germany and France

Wednesday. February 5 at 7:00 PM

Cryptocurrency

Utilizing Bitcoin for Rainforest Conservation Efforts

Wednesday. February 5 at 5:00 PM

Strategic Bitcoin reserves and Bitcoin-based treasuries are gaining popularity, with various entities like US states, the US government, El Salvador, and banks planning to launch reserves. Rainforest Foundation US aims to triple its budget and conservation efforts by creating a Bitcoin-backed treasury. The foundation plans to raise 100 Bitcoin (around $10 million) to combat the devaluation of traditional currency. Unlike other reserves, Rainforest Foundation US will utilize the funds for initiatives in South America, supporting Indigenous communities in protecting their land rights. The foundation's unique approach focuses on people rather than just land conservation. Through crypto donations, they provide support to Indigenous teams for environmental conservation. The article emphasizes the importance of Indigenous participation in decision-making processes. To learn more about Rainforest Foundation US's Bitcoin treasury and initiatives, listen to The Agenda podcast on Cointelegraph's platforms.

Cryptocurrency

Analysis of Shiba Inu's Market Value and Bearish Sentiment

Wednesday. February 5 at 1:00 PM

Shiba Inu (SHIB), a prominent meme coin, has experienced a notable 20% decrease in value within the past week. Despite this decline, an on-chain metric suggests that SHIB is currently undervalued, potentially presenting a favorable buying opportunity. The Market Value to Realized Value (MVRV) ratio, calculated using a 30-day moving average, indicates a -29.35% ratio at present, highlighting SHIB's undervalued status. Negative MVRV ratios historically signal a buying opportunity, but the prevailing bearish sentiment surrounding SHIB, as evidenced by its negative funding rate of -0.03%, may hinder a significant price rebound in the short term. Additionally, the Chaikin Money Flow (CMF) indicator on the daily chart supports the bearish trend, with a value of -0.03, suggesting strong selling activity. While SHIB's undervaluation may attract traders seeking to capitalize on a potential price increase, caution is advised due to the current bearish sentiment.

Cryptocurrency