The following are five noteworthy news in the currency circle in the past 24 hours:
1. Mt. Gox transfers large amounts of Bitcoin:
Mt. Gox’s cold wallet moved more than 47,000 BTC (approximately $2.7 billion) to unknown wallet addresses in an effort to begin paying off its creditors.
2. German government transfers Bitcoin:
The German government moved more than 3,000 BTC (approximately $172 million) to multiple crypto exchanges and wallets, which may cause some selling pressure on the market.
3. South Korea launches new surveillance system:
South Korea’s financial supervisory service has launched a “continuous monitoring system” designed to monitor suspicious activities in cryptocurrency transactions, which will officially come into effect on July 19.
4.Authy is under cyber attack:
Popular two-factor authentication service Authy has been hacked, exposing the phone numbers of 33 million users, posing a major security threat to cryptocurrency users who use the service.
5. The Bitcoin network shows signs of miner capitulation:
Signs of capitulation among Bitcoin miners suggest Bitcoin prices may be headed for a further correction, according to CryptoQuant data.