
Massive sales of BTC by national governments could send money to alts
30.06.2024
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88Similar to the recent $325 million Bitcoin sale by the German government, these coins were confiscated due to illegal activity. Bitcoin was originally owned by Banmeet Singh, who made money by selling drugs on the darknet platform Silk Road. Crypto traders are wary of the impact of these sell-offs on the price of BTC, especially since the US government owns about $13 billion worth of Bitcoin and the German government owns about $2.8 billion. Traders looking to buy the dip and avoid Bitcoin volatility are considering investing in Near Protocol, Avalanche (AVAX), and DTX Exchange.
Near Protocol is building an AI ecosystem for people, owned by the people One of the challenges facing the crypto industry is making Web3 easier to use. And that is the goal of Near Protocol and its Blockchain Operating System (B.O.S). It makes it easier for developers to create the Near protocol. The latest partnership on the Near protocol is a solution to combine the different layers of Ethereum 2 DapDap. Their mission is to make it easier for users to find and use various decentralized applications. However, even more optimistic for NEAR is the recent artificial intelligence incubation program with HZN. Near Protocol wants to create a user-owned AI ecosystem.
Near Protocol develops and supports Mizu, Pond, Nevermined, Hyperbolic, Ringfence and Exabits. Their goals include advancing AI research, developing foundational encryption models, building payment systems for commerce using AI, empowering content creators, and democratizing access to high-performance computing resources in the NEAR protocol ecosystem. Even though the NEAR protocol token is currently in decline, it could be a great buying opportunity.