Crypto exchange Kraken said it received Mt. Gox creditors’ funds, according to an email statement seen by CryptoSlate. According to the email: “We have successfully received creditor funds (BTC and BCH) from the Mt. Gox Trustee. While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be …
Monthly archives: July 2024
Lifi Finance Hit by $8 Million Exploit, Warns Users to Avoid Applications
According to reports, the decentralized finance (defi) protocol Lifi Finance experienced an $8 million loss due to an exploit. Lifi confirmed the breach on X and advised users to avoid interacting with Lifi-powered applications. Lifi Finance Loses $8 Million to Exploit On Tuesday, the onchain security firm Peckshield revealed that Lifi Finance had been compromised, …
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Forbes Predicts 1700% Shiba Inu Coin Price Rally, Could Shiba Shootout Also Explode?
Shiba Inu has once again captured the spotlight with the token seeing a significant price rise with the recent market uptick. According to a recent Forbes report, the popular meme coin is projected to grow much further and experience a staggering 1700% price rally into 2025. As the market buzzes with optimism, it’s clear that …
Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds On Tuesday, the Mt Gox trustee moved significant amounts of …
US Spot Ether ETFs to Launch on July 23 Pending Final SEC Approval, Analyst Says
The U.S. Securities and Exchange Commission (SEC) has finally gotten back to issuers concerning the final approvals for spot ether exchange-traded funds (ETFs). Preliminary approval has reportedly been granted for at least three of the eight proposals set to launch next Tuesday. Issuers of these spot ether ETFs have been working with the SEC to …
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From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and …
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The Impact of Bitcoin on Online Slot Games: Insights from Slot.org
The digital revolution has touched nearly every aspect of modern life, and the online gaming industry is no exception. One of the most intriguing developments in this space is the adoption of Bitcoin, the world’s first and most well-known cryptocurrency. Brought by Slot.org, this story explores how Bitcoin is reshaping the world of online slot …
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Judge Refers Craig Wright for Criminal Prosecution in Bitcoin Case
Craig Wright has been referred for criminal investigation in Britain for alleged perjury. Wright claimed to have authored the foundational 2008 Bitcoin white paper under the pseudonym “Satoshi Nakamoto.” He pursued litigation globally, including in the UK and the U.S., asserting his claim. The Crypto Open Patent Alliance, including Block, founded by Twitter’s Jack Dorsey, …
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Bitcoin on Verge of Massive Reversal Into Final Wave of Bull Market, According to Analyst Jason Pizzino
A closely followed crypto analyst believes Bitcoin (BTC) is on the verge of a massive bullish reversal that will bring the current cycle to an end next year. In a new video update, crypto strategist Jason Pizzino tells his 331,000 YouTube subscribers that Bitcoin is signaling a breakout from a downward trend on the monthly …
The ‘Trump Trade’ Is Now on Its Way, According to Economist Alex Krüger – Here’s His Outlook
A popular economist thinks crypto enthusiasts should factor the “Trump Trade” into their portfolio decisions. Alex Krüger tells his 177,300 followers on the social media platform X that a November election victory for former president Donald Trump will likely be bullish for crypto. “Reason: Trump’s administration might pursue supportive regulations for cryptocurrencies, fostering innovation and …
Ancient Bitcoin Whale Abruptly Awakens, Relocates About $60,000,000 in BTC After Nearly 12 Years of Dormancy
A deep-pocketed investor owning a long-dormant Bitcoin wallet just moved 1,000 BTC after nearly a dozen years of inactivity. The crypto tracker Whale Alert notes that the ancient wallet on Sunday moved 998.73 BTC to one address and 1.263 BTC to another. The whale accumulated the 1,000 Bitcoin stack back in September 2012, when the total was …
Craig Wright ordered to pin COPA loss on social media amid pending perjury charges
The High Court of Justice in London has today, July 16, granted partial injunctions against Craig Wright following the conclusion of the landmark trial brought by the Crypto Open Patent Alliance (COPA) over Wright’s claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The court granted an anti-suit injunction preventing Dr. Wright from pursuing …
$200 million liquidated in 24 hours as Bitcoin rises to $65k then falls
In the past 24 hours, a total of $208.8 million in liquidations occurred across the crypto market. The activity affected 67,621 traders, with the most significant single liquidation order, valued at $5.42 million, taking place on Binance for the BTCUSDT pair, according to Coinglass. 24 hours liquidations (Coinglass) Long liquidations accounted for $91.73 million, while …
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Ripple donates $1 million to support John Deaton’s effort to unseat Elizabeth Warren
Ripple has donated $1 million to support XRP advocate John Deaton‘s bid to unseat Senator Elizabeth Warren in the Massachusetts Senate race. The crypto firm funded a super political action committee (PAC) called the Commonwealth Unity Fund. This PAC, created by James Murphy, another pro-XRP lawyer, aims to challenge and unseat Warren, known for her …
Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, …