Has anyone heard of Andook Crypto Trading Company from Singapore? I had 50 BTC with them back in 2012, but I can’t seem to find any trace of the company now. Any info or leads would be greatly appreciated.
🇮🇳 India ramps up crypto tax enforcement using AI-powered analytics, digital forensics & blockchain tools. ₹437.43 Cr collected in FY23–24 from VDA tax. Tighter surveillance, 30% tax + 1% TDS in effect.
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🔥 BREAKING: Meta’s board has been advised to allocate a portion of its $72 billion in liquid assets into Bitcoin as a safeguard against dollar devaluation.
The proposal highlights CEO Mark Zuckerberg's favorable remarks about BTC.
Top Cryptocurrency to Invest in for 2025, with a Potential 163% Upside, According to Fundstrat's Tom Lee:
Tom Lee, managing partner at Fundstrat Global Advisors, recently shared his 2025 market predictions, including a bold $250,000 price target for Bitcoin (BTC), suggesting a potential 163% upside from current levels. Lee's outlook for Bitcoin stems from various factors, including the possibility of economic shifts and growing support for crypto.
With President-elect Trump signaling support for Bitcoin and potentially pro-crypto regulatory changes under his administration, Bitcoin could see significant growth. Additionally, the potential impact of tariffs and economic slowdowns could drive more investors toward alternative assets like crypto.
If you're considering adding crypto to your portfolio in 2025, Bitcoin may be a top contender for substantial gains!
El Salvador’s President Nayib Bukele is hinting at acquiring some of the Bitcoin seized during the Silk Road takedown, especially with the recent market downturn. Bukele recently responded to a post about the U.S. Department of Justice (DOJ) greenlighting the sale of these seized coins, suggesting it could be a chance to buy Bitcoin at a discount. Despite the recent price drop, Bukele has continued to grow the country’s Bitcoin reserves, purchasing 11 BTC on January 8. El Salvador’s strategy includes a consistent 1 BTC per day acquisition, making it one of the largest Bitcoin dollar-cost averaging programs among nations.
As the DOJ is set to sell nearly 70,000 BTC, President-elect Donald Trump has publicly disagreed, stating that the U.S. government should never sell Bitcoin and should hold onto all of its Bitcoin holdings. The future of the DOJ’s sale remains uncertain, especially with a market shifting toward a distribution phase.
what will happen if the major company does it all..... i wonder how will it end .....
David futures
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🚨 Thodex Collapse: The $2 Billion Crypto Scam! 🇹🇷💸 Imagine logging into your crypto app and finding… nothing. That’s what happened to 400,000 users of Turkey’s largest crypto exchange, Thodex. The company disappeared overnight, along with $2 billion of investors’ money. 💔
What Happened?
Faruk Fatih Özer, the CEO of Thodex, shut down the exchange suddenly and fled the country. For months, he avoided capture, but in 2024, he was arrested in Albania. This year, he was sentenced to an insane 11,196 years in prison.
😂 Joke: Looks like he’ll have plenty of time to think about his mistakes… for the next 11,000 years!
Why This Matters
Thodex seemed like a safe exchange, but it turned out to be a scam. People trusted it and lost everything. This is a big warning for everyone in crypto: not all platforms are safe.
How to Stay Safe
1️⃣ Do your research before using any exchange. 2️⃣ Don’t keep all your funds on one platform—use a secure wallet. 3️⃣ Be careful with “too good to be true” offers.
Final Thoughts
The Thodex scam is a lesson for all of us. Always stay cautious in the crypto world, and protect your money like it’s gold. Stay safe and trade smart! 💪✨
$BTC DoJ Receives Approval to Liquidate 69,000 $BTC , Stirring Speculation in Crypto Market:
The United States Department of Justice (DoJ) has reportedly secured permission to sell off 69,000 Bitcoins ($BTC ). According to Glassnode, this potential liquidation raises concerns about its impact on the broader cryptocurrency market. This news has drawn significant attention, especially when compared to previous major $BTC sell-offs. Market observers are keenly watching to see how this sell-off will influence market sentiment, though it's unclear whether the outcome will be positive or negative.
DoJ's Bitcoin Sale and Market Concerns: Glassnode has indicated that the DoJ's authorization to dispose of over $6 billion in Bitcoin could have substantial implications. The analytics platform drew parallels with a previous sale by the German government, which offloaded 56,000 $BTC in July last year, prompting fears of market destabilization. Contrary to expectations, however, the market managed to absorb the sales pressure effectively, with Bitcoin's price rising from $53,000 to nearly $68,000 afterward. This resilience suggests the market's ability to handle large liquidations under favorable conditions. To assess the potential effects of the DoJ's sale, market analysts are examining Bitcoin’s 30-day simple moving average in relation to exchange netflows, aiming to gauge sell-side pressure. Notably, significant netflows have coincided with key market events. For instance, in March 2021, net inflows reached 70.5K BTC while the Net Unrealized Profit/Loss (NUPL) metric was at 0.72, reflecting market euphoria. This was followed by a correction, leading to a rebound in the market within months.
Liquidity and Sentiment Influence Market Reactions: In June 2022, during a capitulation phase, inflows of 68.7K BTC were recorded, with NUPL dropping to 0.21, exacerbated by the LUNA collapse. This triggered a year-long bearish trend in the market. According to Glassnode, the impending sale by the DoJ highlights that market reactions will be shaped by liquidity conditions and overall sentiment. - By Shahzaib Ahmed
#ShareYourThoughtOnBTC Today, discussions around Bitcoin (BTC) are focused on its potential rebound and the implications of possible government actions regarding Bitcoin sales. Here are some key points:
#MarketSentiment -Potential Rebound: Crypto analyst Ali Martinez has expressed optimism, suggesting that Bitcoin may be on the verge of a rebound. He indicated that for BTC to move higher, it needs to break above the $94,600 resistance level, which could lead to further rallies towards $96,300 or even $97,000. Notably, 66.38% of traders on Binance are betting on a price rebound, indicating a positive sentiment among traders.
#GovernmentActions US Government Bitcoin Holdings: Bitwise Chief Investment Officer Matt Hougan has outlined two potential outcomes if the US government sells its Bitcoin holdings from the Silk Road case. He believes that the market would quickly absorb the $6.5 billion Bitcoin stash if sold and that Donald Trump's administration might repurchase these coins. However, Peter Schiff argues that the Biden administration is likely to sell these Bitcoins before January 20, which could significantly impact Bitcoin's price
#ChallengesAhead - Market Volatility: The potential sale of $6.5 billion in Bitcoin by the US government raises concerns about market volatility. Schiff has also predicted a crash in MSTR stock due to its exposure to Bitcoin, highlighting the interconnectedness of cryptocurrency and traditional markets.
In summary, while there is optimism about a potential rebound in Bitcoin's price, the looming possibility of government sales adds an element of uncertainty to the market.