Mt Gox Bitcoin wallet transfers $60M after 10 years of dormancy
A Bitcoin wallet connected to the hacked crypto exchange Mt Gox moved 2,071.5 BTC, worth about $60 million, on April 19, 2023. The wallet is connected to Mt Gox, the infamous crypto exchange hacked in 2011 and lost hundreds of thousands of bitcoins. The transaction has sparked curiosity among crypto enthusiasts and analysts. The wallet, […]
Tesla Keeps Bitcoin Stash, Reports $2.5 Billion Profit in Q1 2023
Tesla revealed that it still holds $321 million worth of Bitcoin and posted a net income of $2.5 billion on revenue of $23.33 billion in Q1 of 2023. Tesla, the electric vehicle and clean energy company led by Elon Musk, reported its first-quarter earnings on Wednesday, revealing that it still holds $321 million worth of […]
BlockFi Wins Extension for Bankruptcy Plan
BlockFi, the crypto lending platform that went bankrupt after the FTX crash, has secured more time to submit its bankruptcy plan. BlockFi, the crypto lending platform that filed for bankruptcy in November 2022 after the FTX crash, has won a few more weeks (May 15) to come up with a plan to restructure its business […]
Bitcoin Dips Below $30K as UK Inflation Spooks Crypto Market
Bitcoin has dropped below the $30,000 support level amid a wider crypto selloff, triggered by UK inflation data and negative funding rates. Over $180 million has been liquidated in the past four hours as cryptocurrencies bleed and Bitcoin falls. The perpetual funding rate has turned negative on Binance, indicating bearish sentiment among traders. Meanwhile, UK […]
Elon Musk Says US Govt Can Access Twitter DMs, Bitcoin and Dogecoin Fall
U.S. government agencies had full access to Twitter user activity, including DMs, according to Elon Musk. Bitcoin and Dogecoin prices decline. In an interview, Twitter CEO Elon Musk revealed that U.S. government agencies had full access to user activity, including DMs. Bitcoin and Dogecoin prices plummeted after these revelations shocked crypto Twitter. Elon Musk told Fox News host Tucker Carlson that government agencies had full access to Twitter. Under previous […]