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JonBru369
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Sentenced on April 30, CZ is still free on bail until the end of May. CNBC contacted CZ's defense team at Latham & Watkins and confirmed that the former Binance CEO began being detained at home. federal prison in Lompoc.
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On June 24, 2024, Tree News, a crypto news aggregator, reported via Bloomberg that Mt. Gox is set to begin repaying debts in Bitcoin and Bitcoin Cash in early July. Repay This move, while not entirely unexpected, is an unavoidable shock to the market. Signs of this event surfaced in May when Mt. Gox transferred its entire holding of Bitcoin, worth $9.6 billion, to a new address. According to the former CEO of the exchange, this transfer was to facilitate the upcoming asset distribution process. In a report from September 2023, the trustee of Mt. Gox announced that creditors would be repaid with 142,000 Bitcoin and 143,000 Bitcoin Cash, along with fiat currency totaling 69 billion Japanese yen (approximately $510 million), by October 2024. A portion of the debt in yen was already repaid on April 23, so the upcoming repayments will be in Bitcoin (BTC) and Bitcoin Cash (BCH). The auditing and transfer processes are being expedited, allowing users to receive their assets by early July, rather than waiting until October as initially scheduled. $BTC #Write2Win #CryptoTradingGuide #binance #BinanceTournament #bitcoin
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The trading activity of Bitcoin “whales” (individuals or entities holding large amounts of Bitcoin) has slowed down significantly over the past two days, coinciding with Bitcoin’s price drop below $63,000. According to data from Santiment, on June 23, the total number of Bitcoin whale transactions (holding over $100,000) over the previous two days was 9,923, marking a 42% decrease from the 17,091 transactions recorded in the preceding two days. This slowdown occurred as Bitcoin’s price fell from $64,685 to $63,422 and continued to drop to $62,231 at the time of writing, based on data from AZC $BTC #binance #binance #bitcoin
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