Mt Gox, the defunct crypto exchange that lost over 850,000 Bitcoin to hackers, recently transferred 10,423 BTC worth about $739 million to a new wallet. This move, followed by another smaller transfer, signals preparations for the final distribution of funds to creditors before the extended repayment deadline of October 31, 2026. The exchange still holds roughly 34,504 BTC valued at over $2.4 billion. After years of legal battles, Mt Gox is nearing the end of its creditor repayment process, with previous major payouts occurring in mid-2024 and early 2025.
Roberto Rios, a macro analyst, suggests that high government interest expenses force more borrowing, creating a favorable environment for Bitcoin's long-term growth. He believes Bitcoin performs well when governments increase debt and money supply, f...
Bitcoin's price fell 1.24% in one hour to $66,085 on Nov. 14, marking a 4.49% decline over the past 24 hours. The drop triggered $26.77 million in long liquidations and $350,000 in short liquidations across major exchanges Binance, Bybit, and OKX. De...
Ether (ETH) fell 5.80% to $1,850.79 as of 9:43 a.m. ET Saturday, reflecting a broader decline in major cryptocurrencies. Bitcoin (BTC) dropped 4.68%, BNB decreased 6.48%, and Solana (SOL) saw the steepest fall at 8.94%. These losses indicate a notabl...
BNB's price fell below 600 USDT on Bitget, dropping 6.21% over 24 hours as of a 9:35 a.m. ET snapshot. This decline outpaced Bitcoin's 4.28% and Ether's 5.34% losses but was less severe than Solana's 8.93% drop. The price dip reflects a broader downt...
Bitcoin (BTC) fell below $66,000, marking a nearly 25% drop from its September 21 high of $87,395. Ether (ETH) also declined significantly, reaching $1,845, about 35% below its September 21 peak of $2,807. The total cryptocurrency market capitalizati...
