Mt.Gox has moved 44,527 Bitcoin, worth around $2.84B at the time of writing to an internal wallet according to Arkham. This could signal the start of a repayment phase for Mt.Gox. Its worth remembering that Mt.Gox hold nearly $8.8B worth of Bitcoin that will need to be repaid back to the users this year starting …
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto stance aligns with Trump’s, who has positioned himself as the “crypto president,” expressing support for Bitcoin and …
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In a surprising turn of events, Germany Bitcoin holding has been significantly reduced, causing ripples throughout the market. The German government has sold off 90% of its Bitcoin reserves in recent weeks, leaving it with less than 5,000 BTC. This substantial sell-off has caught the attention of market analysts and crypto enthusiasts alike. The selling …
In the dynamic world of cryptocurrencies, the price of Bitcoin, the pioneering digital asset, is often subject to manipulation by various entities. Understanding how market makers, big whales, and even governments can influence Bitcoin prices is crucial for investors seeking to navigate this volatile market. Market Makers: Providing Liquidity and Profiting Bitcoin market makers play …
Donald Trump , the former President of the United States will be the guest speaker at 2024 Bitcoin Conference in Nashville on the 27th of July 2024. The announcement was made by Bitcoin Magazine on their X handle a few hours before the time of writing this article. This announcement follows Trump’s recent support for …
On July 5, the spot Bitcoin ETF market saw a notable resurgence, with a net inflow of $143.1 million. This brought the cumulative net inflow to $14.76 billion and $2.81 billion in total value traded, marking the highest inflow for the month after two days of continuous outflows. Impact of Bitcoin Price Drop The drop …
Mt. Gox has initiated the process of repaying its creditors by transferring 47,228 BTC, valued at approximately $2.71 billion, from its cold storage to a new wallet. This move is part of a broader effort to facilitate creditor repayments through designated cryptocurrency exchanges. The transfer has coincided with a dip in Bitcoin’s price below $55,000, …
In a bold move that has caught the attention of the cryptocurrency world, Justin Sun, the founder of Tron, has made an offer to purchase all of Germany’s Bitcoin holdings. His aim is to minimize the impact on the market, a concern that has been growing among investors and traders. Justin Sun’s exact words were, …
Bitcoin has dropped below $58k for the first time in two months today, on 4th of July 2024. There are reports also that $54.9 million in Bitcoin long positions have been liquidated in the last 24 hours, Many experts are pointing out the fact that the Mt.Gox selling pressure news has caused this latest dump …
Bitcoin’s recent market fluctuations have caught the attention of savvy investors. Notably, Bitcoin whales—individuals or entities holding large quantities of Bitcoin—are seizing this opportunity to buy the dips. Market Trends and Whale Activity As Bitcoin’s price hovers around $60,000, Bitcoin whales are strategically increasing their holdings. Despite a noticeable price drop, July 1st saw a …
