Cryptocurrency

Utilizing Bitcoin for Rainforest Conservation Efforts

Wednesday. February 5 at 5:00 PM

1 min. read

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.

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Investing in Bitcoin: Germany and France

Wednesday. February 5 at 7:00 PM

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.

Cryptocurrency

Utilizing Bitcoin for Rainforest Conservation Efforts

Wednesday. February 5 at 5:00 PM

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

Bitcoin Miner Moves $5 Million BTC Earned When Price Was Just 10 Cents

Wednesday. February 5 at 12:00 PM

A Bitcoin wallet holding 50 BTC mined 15 years ago has been activated, transferring coins now valued at $5 million, originally worth $0.10 each. Bitcoin historian Pete Rizzo shared the wallet transaction, sparking discussions in the crypto community. Speculation arose linking it to Silk Road founder Ross Ulbricht, but attributing old Bitcoin movements to individuals without confirmation is speculative. The transaction utilized SegWit, Taproot, and RBF features, drawing community scrutiny. Analysis suggests the move was to safeguard quantum-vulnerable funds. This event highlights Bitcoin's evolution since its inception in 2009, when mining was possible with regular CPUs. The transaction, one of the largest movements of early-mined Bitcoin recently, showcases a significant ROI over 15 years. The future use of these funds remains uncertain, with challenges in converting them to fiat discreetly. This transaction adds to the trend of dormant Bitcoin wallets reactivating, with this one standing out for its technical complexity.

Cryptocurrency