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Cryptocurrency News

Location American Cryptocurrency News for 5 July 2024

Mt. Gox moves $2.7B in Bitcoin to new wallet address

Coin Telegraph - 5 Jul 2024 05:17
Mt. Gox moves $2.7B in Bitcoin to new wallet address One of Mt. Gox's cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.
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German MP urges government to stop 'hasty' Bitcoin sell-off German MP Joana Cotar said the mass Bitcoin sell-off isn't "sensible" and "productive" as it could be used to diversify treasury assets and protect against currency devaluation.
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German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside th...
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Crypto remittances in Venezuela surge as economic situation worsens Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
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7 Events That Could Shift the Crypto Market Landscape in an Instant The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto comm...
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United Kingdom High Court freezes Craig Wright's assets The judgment was issued to help podcaster Peter McCormack recover nearly $2 million in legal expenses from a defamation lawsuit filed by Wright.
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Economist Highlights Possible 'Hidden Recession': Official Figures May Understate Inflation Impact In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the ac...
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Price analysis 7/5: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB The strong bounce in Bitcoin and select altcoins shows solid demand at lower levels, suggesting traders are buying the current dip.
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9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably, nine dormant bitcoin wallets created in 2013, 2...
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German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political fig...
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Protocol Village: Valora Introduces 'Mobile Stack' to Simplify Web3 Apps on iOS, Android The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10.
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Grayscale Ethereum Trust Hits Premium for First Time Since 2021 Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the ...
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Private Equity Giants Are Circling Bitcoin Miners on AI Allure Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company's CEO said in an exclusive interview with CoinDesk.
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Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change.
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Mt Gox Initiates Bitcoin Repayments to Creditors

Bitcoin.com - 5 Jul 2024 18:16
Mt Gox Initiates Bitcoin Repayments to Creditors 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 bit...
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CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines.
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How US job market slump could boost Bitcoin prices

Coin Telegraph - 5 Jul 2024 17:40
How US job market slump could boost Bitcoin prices Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows.
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Germany's BTC Wallet Sees Inflows, Mt Gox Moves Billions, US Gov Transfers $13.6M Unnoticed Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin...
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U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021 Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool.
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First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months 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...
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Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users 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 chanc...
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