Mt. Gox Shifts $2.2B in Bitcoin, Intensifying BTC Selling Pressure
For over a decade, about 127,000 Mt. Gox creditors owed more than $9.4 billion in Bitcoin. Mt. Gox recently transferred billions in Bitcoin, with some of it directed toward centralized exchanges, potentially signaling further creditor repayments as the decade-long case nears its end. A wallet linked to the bankrupt exchange moved over $2.19 billion in […]
Standard Chartered’s Crypto Custodian Zodia To Raise $50Million
Zodia, backed by several financial firms, plans to raise $50 million to reach out to more diverse investors. Zodia Custody, the institutional crypto custody platform partly owned by Standard Chartered, is set to scale its global operations through new funding. CEO Julian Sawyer revealed plans to raise $50 million to expand services and launch new […]
Bitcoin White paper Celebrates 16th Anniversary
Satoshi Nakamoto‘s white paper, which served as the foundational document for Bitcoin, has reached its sixteenth anniversary. The “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper, which Nakamoto shared with a cryptography mailing list on October 31, 2008, proposed a decentralized, peer-to-peer network that could prevent double-spending through proof-of-work consensus.” Three months later, Nakamoto mined […]
Bitcoin Price Chart Shows BTC All-Time High Is Imminent
The Bitcoin price exhibits a “golden cross,” a bullish indicator that appears when the 30-day moving average (DMA) surpasses the 365-DMA, indicating potential for an additional BTC rally. The Bitcoin price has experienced substantial growth over the past week, increasing by 8-9% and currently trading at approximately $72,200. Additionally, the “Golden cross” formation on the […]
South Korea’s Crypto Investors Boosts CEX Profits by 106%
Investment portfolios in South Korea remain modest, with 67% of investors holding less than 500,000 won ($362) in crypto assets. During this time period, South Korean cryptocurrency investors witnessed a substantial rise, which coincided with the profitability of the digital asset exchanges in the country. There were 7.78 million cryptocurrency investors in South Korea during […]