BTC price action shows sensitivity to Mt. Gox events, leaving $69,000 unclaimed as new support — to the frustration of Bitcoin bulls. Source: https://cointelegraph.com/news/bitcoin-misses-key-resistance-btc-price-falls-below-68k
Month: May 2024
Bitcoin Falls After Mt. Gox Wallet Moves $9 Billion Worth of BTC
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Bitcoin is still reeling after a wallet belonging to defunct Bitcoin exchange Mt. Gox moved more than $9 billion worth of BTC to an unknown wallet…
HTX crypto exchange overtakes Coinbase in trading volumes
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes. Source: https://cointelegraph.com/news/htx-overtakes-coinbase-trading-volumes
Mt. Gox moves $9.6B worth of Bitcoin. Are creditors now being repaid?
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline. Source: https://cointelegraph.com/news/mt-gox-bitcoin-transfer-9-6b-creditor-repayment-2024
Crypto Markets Spooked as Mt. Gox Moves Over $9B in Bitcoin
The price of bitcoin (BTC) fell sharply after Mt. Gox, the infamous cryptocurrency exchange that went bankrupt a decade ago, began moving billions worth of the cryptocurrency to a new wallet, Mt. Gox’s first bitcoin transfers in five years. So far the transactions total at least $9 billion worth of bitcoin. Bitcoin’s value dropped below […] Source: https://news.bitcoin.com/crypto-markets-spooked-as-mt-gox-moves-over-9b-in-bitcoin/
DDoS attacks in blockchain networks, explained
A DDoS attack can severely compromise the security of a blockchain network by taking down nodes and bloating the network with fraudulent transactions. Source: https://cointelegraph.com/explained/ddos-attacks-in-blockchain-networks-explained
Trump Inquired if Bitcoin Could Aid in Solving the $35 Trillion US National Debt Problem
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that the former president asked if Bitcoin could be leveraged to solve the U.S. national debt problem. During an X space on Sunday night, Bailey revealed that the first time he met Trump, he asked if Bitcoin could do anything […] Source: https://news.bitcoin.com/trump-inquired-if-bitcoin-could-aid-in-solving-the-35-trillion-us-national-debt-problem/
Memecoins dominate crypto open interest charts taking 4 out of top 10 spots
Open Interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract. Source: https://cointelegraph.com/news/memecoins-dominate-crypto-open-interest-charts
Central banks turn to generative AI for enhanced cybersecurity: BIS
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow. Source: https://cointelegraph.com/news/central-banks-adopt-generative-ai-cybersecurity-bis
The Sandbox launches Sandbox DAO with 25M Sand Treasury
The new DAO will allow SAND and LAND owners to vote on platform projects, aiming to enhance transparency and community involvement. Source: https://cointelegraph.com/news/the-sandbox-launches-dao-25m-sand-treasury