Category Archive: Cryptocurrency, No picture
Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment
Key Takeaways Mt Gox has moved 47,229 BTC ahead of a $9 billion payout to creditors. The transaction could influence market dynamics due to increased supply. Mt. Gox, the defunct Bitcoin exchange, transferred 47,229 BTC, worth around $2.7 billion, to a new wallet as it gears up to distribute $9 billion in Bitcoin, Bitcoin Cash, […]
Bitcoin loses key support level, but analyst says ‘don’t freak out’
Key Takeaways Bitcoin briefly fell below its 200-day EMA, a key support level for traders. Analysts predict potential price movements between $56,000 and $60,000 in the near term. Bitcoin (BTC) briefly lost its 200-day exponential moving average (EMA 200) this Thursday, which is considered very important support for BTC by traders. Despite the brief loss […]
Bitcoin could see deeper correction after payroll data release: Bitfinex head of derivatives
Key Takeaways Bitcoin slumped 5% following cautious FOMC minutes release NFP data could lead to Bitcoin price stabilization or deeper correction Bitcoin (BTC) slumped 5% in the last 24 hours, reaching the sub-$57,000 price level for a brief period. This could be related to the cautious optimism that the FOMC minutes released this week showed […]
SEC expands crackdown to target crypto-focused venture capital firms — report
Key Takeaways The SEC is probing crypto VCs for acting as unregistered securities dealers. These investigations are part of a broader SEC crackdown on the crypto industry. The Securities and Exchange Commission (SEC) has reportedly launched investigations into cryptocurrency venture capital firms for potentially acting as unregistered securities dealers, according to a report from DL […]
Bitcoin wobbles at $57K as liquidations reach $295M
Key Takeaways Bitcoin and Ether experienced significant liquidations, totaling over $295 million in the past 24 hours. Despite market downturns, the options market remains optimistic about Ether’s future price increases. Bitcoin fell below $60,000 amid heavy selling pressure, reaching a recent low of around $57,800. The sell-off triggered over $77 million in Bitcoin long liquidations […]
Justin Sun wants to discuss Bitcoin deal with German government to reduce market impact
Key Takeaways Justin Sun is ready to buy Germany’s Bitcoin through OTC. Sun’s strategy involves direct negotiations with the German government for the purchase. Justin Sun, the founder of Tron, has expressed his readiness to purchase Germany’s Bitcoin holdings through over-the-counter (OTC) transactions. This approach is intended to avoid significant market disruptions. “I am ready […]
Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange for repayments
Key Takeaways Small bitcoin transactions from Mt. Gox wallets are believed to be part of preparations for a $9 billion repayment plan. Funds from these transactions are directed to exchanges like Kraken and Bitbank, which will facilitate access for their clients. A few wallets linked to Mt. Gox transferred a small amount of Bitcoin earlier […]
El Salvador continues daily Bitcoin acquisition amid market downturn
Key Takeaways El Salvador continues its daily Bitcoin purchases, reinforcing its commitment to the flagship crypto. The country is considering developing a private investment bank to facilitate Bitcoin and US dollar transactions. Bitcoin’s price has tumbled over the past few days amid increased selling pressure from Mt. Gox repayments and a bleak economic outlook. Despite […]
Bitcoin to trade sideways until Fed meeting, says crypto exec
Key Takeaways Bitcoin dropped 2.7% after Fed Chair Powell’s remarks on maintaining higher interest rates. Crypto markets face potential volatility due to Fed’s cautious approach to rate cuts. The Fed’s Chairman Jerome Powell spoke at Sintra yesterday and doubled down on his moderate tone shown recently. Powell reinforced that the Fed needs to be more […]
Kamala Harris odds climb to 18% on Polymarket, over $11 million in bets
Key Takeaways Harris’s odds on Polymarket reached 18%, surpassing Biden’s amid exit rumors Trump maintains a 61% lead in Polymarket presidential bets with $26 million wagered The Polymarket bets on US presidential elections tracked the rumors about Joe Biden leaving the run today. In the afternoon, the odds of Kamala Harris winning the election reached […]
