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Mt.Gox Takes Action for the First Time in Years Mt.Gox exchange, which collapsed in 2014, moved 107.5 thousand BTC ($7 billion) to a new wallet for the first time in 5 years. Mt.Gox exchange, which collapsed in 2014, moved 107.5 thousand BTC ($7 billion) to a new wallet for the first time in 5 years. This appears to be potentially part of the platform's plan to pay off its debts to its creditors. No official information has yet been published regarding the reasons for the asset movement. The deadline for repayment is October 31, 2024. Mt.Gox Exchange Moved Thousands of BTC. According to Arkham Intelligence data, Mt.Gox transferred 107 thousand BTC worth approximately $ 7 billion from its cold wallets in the early morning hours. Data indicates that the defunct bitcoin exchange, which collapsed in 2014, transferred assets in multiple transactions to an unknown address as of 11 a.m. Hong Kong time on Tuesday. This move marks the first time in five years that Mt.Gox has moved assets out of its wallets. Mt.Gox still holds approximately $9.42 billion worth of Bitcoin in wallets tracked by Arkham. In September 2023, Mt.Gox's board of trustees announced that the repayment period was postponed by 12 months to October 31, 2024. CryptoQuant head of research Julio Moren confirmed the transfer. He stated that all BTCs were sent to a new address. Galaxy research manager Alex Thorn stated that most of the transferred BTCs will be delivered to creditors instead of being sold on the open market. As Mt.Gox moved $7 billion worth of BTC as part of its repayment plan, there was a slight decrease in the price of the asset. While BTC was traded at $69,500, it dropped to $67,486 during the transfer. Finally, at press time, Bitcoin is trading at $67,975, down 1.28%. #btc $BTC #MtGox
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Binance will perform wallet maintenance for the Ethereum network (ETH) on 29.05.2024 07:00 (UTC). To support wallet maintenance, deposits and withdrawals on the Ethereum network (ETH) will be suspended starting 05/29/2024 06:55 (UTC ) and will be resumed once maintenance is completed. Maintenance will take approximately two hours #binance #eth $ETH
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Some current hacking incidents in the crypto industry! Ledger Hack: A massive hack affected multiple Ethereum-based applications, including Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash, due to a security breach at Ledger. This incident highlights vulnerabilities even in established crypto security platforms Sonne Finance Attack: On May 14, 2024, Sonne Finance on the Optimism chain experienced a flash loan attack, losing approximately $20 million. The attack targeted soVELO, USDC, and WETH contracts. The team managed to contain the attack and paused all markets on the Optimism chainā Poly Network Exploit: Another major hack involved Poly Network, where the attacker issued billions in SHIB, BNB, and BUSD, which were deemed 'worthless.' This attack further emphasized the ongoing security challenges within the DeFi space $BTC $ETH $SHIB
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Kashkari from the Fed: -Inflation has been trending horizontally lately. -More assurances of price stability are needed. -The wait-and-see policy should continue. -All policy options are on the table. -The US economy is resilient thanks to the strong labor market. -Generally, an optimistic picture is drawn. -The fight against inflation and price stability are important. -I do not see the need to rush and reduce interest rates. #Fed #btc $BTC
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š Bitcoin to $1 Million? Speculation is swirling around the potential for Bitcoin (BTC) to reach the staggering milestone of $1 million. With increasing institutional adoption, global economic uncertainties, and the ongoing development of the crypto ecosystem, some analysts and crypto enthusiasts believe BTC could hit this remarkable target in the near future. Whether this prediction comes true or not, Bitcoin's journey continues to capture the world's attention. šš #Bitcoin #BTC #Crypto #Investment #Blockchain $BTC
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JaunÄkÄs ziÅas
Mt. Gox Prepares For Multiple Transactions Ahead Of Creditors' Repayment Deadline
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Interest in Cryptocurrency Rising Among US Voters, Survey Reveals
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Aptos Ecosystem Weekly Review: Significant Growth and New Partnerships
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