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Meme time

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New Compensation Batch for Mt. Gox Clients Clients of the cryptocurrency exchange Mt. Gox have received a new batch of compensations. Payments through the Kraken exchange resumed on July 23. Mt. Gox continues to make payments totaling $9 billion. History of Mt. Gox Mt. Gox operated from 2010 to 2014, handling 70% of the world's Bitcoin trading volume. After a series of hacker attacks, the exchange lost 850,000 BTC, which is worth over $50 billion at today's prices. In 2014, Mt. Gox declared bankruptcy. Compensation Payments In 2021, a rehabilitation plan was developed for affected clients. Mt. Gox's trustees are distributing 142,000 Bitcoins ($9 billion), 143,000 Bitcoin Cash ($53 million), and 69 billion Japanese yen. The first yen payments began at the end of 2023, with cryptocurrency payments starting in July 2024. Payments via Exchanges Bitcoins are transferred through platforms Kraken, Bitstamp, BitGo, and Bitbank. As of July 23, 32,371 Bitcoins ($2.13 billion) were transferred to an unknown address. The remaining 90,000 Bitcoins worth $5.9 billion in Mt. Gox's wallets continue to be monitored by the market.

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Will Binance launch its own memes?🤔 Waiting for more information from the company

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⚡️Santiment notes that among major altcoins, XRP shows very bullish sentiment, while ADA still has very bearish sentiment.

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The Solana network has surpassed Ethereum in trading volumes for the first half of July. SOL — $13 billion ETH — $10.5 billion

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Bitcoin Mining Difficulty Decrease: What It Means Bitcoin mining difficulty decreased by 7.8% in July to 79.5 T, similar to the drop during the FTX crash. This is one of the most significant decreases since 2022. Mining difficulty determines the computational power needed to find a new block and is adjusted every two weeks. Miner Sales Average daily revenue for miners dropped from $78 million to $26 million in July. In June, miners sold over $1 billion worth of bitcoins, leading to a price drop to $53.6k. Many mining devices have become unprofitable at current prices, which may reduce seller pressure and stabilize the market.

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