Altcoin News Official Today TheBitTimes.com

A widely followed cryptocurrency trader is warning that Bitcoin (BTC) may suddenly collapse if it loses a key support level. The trader pseudonymously known as Altcoin Sherpa tells his 239,300 followers on the social media platform X that if Bitcoin loses $90,000 as support, the flagship crypto may plummet all the way down to the low $80,000 range. He also says that Bitcoin may remain bearish until the US government decides what it will do with the seized Bitcoin from the Silk Road darknet marketplace after reports this week that it was legally cleared to sell over 69,000 BTC. “BTC: maybe we’re going to just see an endless TWAP (Time-Weighted Average Price) sell for now and no bidders until this stupid government sell-off is over. If people get over-levered, then it could get ugly if we lose $90,000 or so. Hoping we can absorb it but not feeling super confident. Wouldn’t be super surprised If we wick down to mid, low $80,000s in some scenarios....

South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading. South Korea’s government is taking steps to protect crypto currency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill. On June 30, the National Assembly passed the Virtual Asset User Protection legislation. The bill is designed to regulate unfair trade practices and protect crypto investors, the local news agency SBS Biz reported. The legislation reportedly integrates 19 crypto-related bills, providing a unified bill defining digital assets and imposing penalties for illicit trading activities like using undisclosed information, market manipulation and other unfair trading practices in crypto. According to local media, the main point of the Virtual Asset User Protection Act is to apply the Capital Market Act first to virtual assets with a securities nature. The legislation also aims to establish a basis for...

Nearly 1,000 NFTs have been put on Ethereum by Germany’s BND in its quest to recruit blockchain talent for the agency. Germany’s foreign intelligence agency the Bundesnachrichtendienst (BND) has launched a dog-themed nonfungible token (NFT) collection with an on-chain treasure hunt aimed at recruiting cyber talent . Earlier in June the Federal Intelligence Service launched its “Dogs of BND” collection — 999 dog NFTs inspired by BND’s guard and security dogs as well as “different intelligence roles.” According to the BND’s website, the NFTs are only collectible by finding a character string — which it posted on Instagram that points to an Ethereum address. The cyber talent would need to use that information to find the collection and be eligible to mint an NFT. A Twitter user shared an image posted on BND’s Instagram and rhetorically asked if the NFTs are taxpayer-funded. Source: Twitter On June 19, the BND spoke to the German crypto outlet BTC-Echo, the agency said it created the ...