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Mt. Gox Bitcoin Distribution Effects: Industry Veterans Weigh In

5.7.2024
The long-awaited distribution of Bitcoin from the collapsed Mt. Gox exchange has finally begun. This event has prompted industry veterans to share their insights, offering a range of perspectives on what the distribution could mean for investors and the market as a whole. Contrasting Views: Bearish...

Mt. Gox Bitcoin Distribution Effects: Industry Veterans Weigh In

5.7.2024
The long-awaited distribution of Bitcoin from the collapsed Mt. Gox exchange has finally begun. This event has prompted industry veterans to share their insights, offering a range of perspectives on what the distribution could mean for investors and the market as a whole. Contrasting Views: Bearish...

Mt. Gox Moves $2.71 Billion BTC, 1544.7 Bitcoin Sent To Bitbank

5.7.2024
Mt. Gox, the defunct crypto exchange, has begun moving large amounts of Bitcoin as part of its long-awaited repayment plan. This action, coupled with movements from government-held wallets, has led to a sharp decline in Bitcoin’s price. Breaking Down the Bitcoin Movements According...

Pro Bitcoin; MicroStrategy, Coinbase, & BTC Miner Stocks Dip!

5.7.2024
United States crypto-related stocks registered losses in pre-market trading on Friday. The crash follows Bitcoin market losses, which have the prominent crypto trading at four-month lows. Earlier today, the Bitcoin price fell 9% to trade below $54,000 in the $53,000 zone. The market has recovered...

Mt Gox Initiates Bitcoin Repayments to Creditors

5.7.2024
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price...

Bitcoin mining difficulty set for another drop following FTX collapse

5.7.2024
The resilience of Bitcoin miners is currently being tested, and miners anticipate a 5% drop in Bitcoin’s mining difficulty. Bitcoin mining refers to the process of creating and distributing Bitcoin for circulation. Mining difficulty is a metric that determines how hard it is for a miner...

Bitcoin at the Bottom Yet? NO! New Lows in Site

5.7.2024
The crypto market has been in the red for the better part of the last 24 hours. In the last seven days, Bitcoin (BTC) has shed 12% of its market share. According to CoinGecko, BTC is currently $54,042.68, a 5.8% decline since yesterday. Bitcoin Markets are yet to Bleed A lot has contributed...

Mt. Gox Bitcoin movement sparks sell-off, pushing BTC below $55k

5.7.2024
Mt. Gox very recently transferred approximately 47229 Bitcoin to another cryptocurrency wallet address. Bitcoin’s price sharply decreased over the last 24 hours, and the now defunct cryptocurrency exchange Mt. Gox moved Bitcoin worth $2.71 billion from cold storage to an address. Crypto...

Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months

5.7.2024
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and...

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

5.7.2024
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...

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