External factors’ influences have not been novel to the crypto market since the beginning. As the US elections begin in the next few hours, community members wait with bated breath for the outcomes. Meanwhile, amid these tensions, previously bankrupt crypto exchange Mt. Gox showed a new activity approximately 6 hours
Bitcoin (BTC) dropped to the $69K zone, losing more than 5% in the last 24 hours, following fresh movements of Bitcoin associated with the defunct Mt. Gox exchange. This latest slide comes after BTC traded as high as $72,662, has the crypto world abuzz about what this activity could mean
During an interview at the Korea Blockchain Week event in Seoul, South Korea, crypto entrepreneur Mark Karpeles—former CEO of Mt. Gox—said that he plans to launch his new cryptocurrency exchange later this month with an emphasis on transparency and user-friendliness. Using Poland as its hub, the soon-to-be platform EllipX will
Bitcoin prices on particular occasions are influenced by external actions. For instance, the German government’s BTC selling caused major price drops in the crypto asset. One other notable action was the Mt.Gox transfers that occurred during the same time as the German government’s BTC selloffs. Notably, according to Arkham Intelligence
Today, the price of Bitcoin (BTC) fell to $60,000, losing its recent gains. Despite a brief rally over $65,500 during Asian trading hours on August 2, Bitcoin’s price dropped 7.61% over the past day. At the time of writing, Bitcoin traded at $61,672 with a market cap of $1.21 trillion.
The Bitcoin (BTC) market displayed selling pressure soon after the US Federal Reserve’s meeting on Wednesday, July 31. The cryptocurrency’s value fell by 6% and landed in the $63,000 zone. This drop marks the first time Bitcoin has slipped below $65,000 since July 25, according to CoinMarketCap data. Federal Reserve
Mt. Gox has taken significant steps to resolve the aftermath of its infamous 2014 hack. In the past 6 hours, the defunct crypto exchange has moved a substantial amount of Bitcoin, signaling the final phases of creditor repayments. According to the blockchain analytics firm Arkham Intelligence, the exchange transferred 33,964
The defunct crypto exchange Mt. Gox creditors have reported numerous brute force attempts on their accounts, evoking the fear of a potential cyberattack. The Mt. Gox creditor subreddit has been filled with screenshots from users displaying multiple login attempts on their accounts, in the last 24 hours. While others reported
The largest cryptocurrency, Bitcoin, has been the community’s prime focus in the past two months, due to its price activity. With external factors taking a toll on Bitcoin, prices showed significant plunges and volatility. The drop in BTC price led to a considerable crypto market crash at the beginning of
Mt. Gox, the infamous Bitcoin exchange that lost over 850,000 BTC in a 2014 hack, will start repaying its defunct users. The rehabilitation trustee stated that repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) will commence in July 2024, bringing a sense of closure to investors who have waited over
