According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, […] Original
CoinspeakerEthereum to Dominate Bitcoin Soon after US ETF Approvals As the launch of the spot Ethereum ETF nears, institutional players are closely observing the ETH price action. In its latest report, Kaiko showed strong optimism on Ethereum’s future market performance. Kaiko predicted that Ethereum could outperform Bitcoin with the upcoming launch of the spot Ethereum ETFs scheduled within the next two weeks. Not only Ethereum, Kaiko believes that the development will catalyze the broader market momentum leading to greater institutional inflows. The Kaiko Research report specifically focuses on Ethereum’s market…
SOL’s months-long triangular price consolidation could bring good news for the bulls. Source
In their latest analysis, Ark Invest’s crypto specialists Julian Falcioni, David Puell, and Dan White, are presenting a review of the Bitcoin market behavior and prospects, delineating the interplay of various economic, technical, and policy-driven factors that could shape the future of this pioneering digital currency. Bitcoin Validates The Bullish Scenario Since early June, Bitcoin witnessed a significant decline, dropping more than -25%. More critically, on July 7, BTC fell beneath its 200-day moving average—a key technical threshold. According to Ark, the dip below the 200-day moving average was “a…
“In these circumstances, as set out in the whole of my Main COPA Judgment, I have no doubt that I should refer the relevant papers in this case to the CPS for consideration of whether a prosecution should be commenced against Dr Wright for his wholescale perjury and forgery of documents and/or whether a warrant for his arrest should be issued and/or whether his extradition should be sought from wherever he now is,” Mellor wrote in the court document on Tuesday. “All those matters are to be decided by the…
As Bitcoin climbs above $60,000, analysts at Hashrate Index say it’s still unclear whether or not the network is “out of the woods just yet.” Bitcoin’s (BTC) difficulty is expected to undergo a “nasty positive adjustment” this week as the network’s hashrate seems to have found a “post-halving bottom,” analysts at Hashrate Index say, suggesting though that the market should “wait to see how brutal the summer will be on the grid in the U.S. before we can be sure.” Bitcoin hashrate index in USD | Source: Hashrate Index In…
Addresses affiliated with bankrupt exchange Mt. Gox recently moved 96,396 Bitcoin (BTC) worth over $6 billion to three unmarked wallets, fueling selloff concerns amid the ongoing creditor repayments. Data from market analytics resource Arkham Intelligence suggests that these transactions occurred over a two-hour timeframe. Notably, the latest slew of transactions began with a 0.021 BTC transfer to an unknown address after three weeks of sustained inactivity. This transaction was likely a test run in preparation for the movements. After the test transfer, the Mt. Gox address then moved 44,000 BTC…
Popular analyst Javon Marks projects a significant 44X increase in Filecoin (FIL), therefore transforming the token from its present value of $4.40 to $190. Related Reading This daring prognosis that he calls an “uphill run” has attracted the interest of the bitcoin community. Based on careful technical study and a hopeful perspective of the future of the market, this ambitious projection shows a startling 4310% growth. Technical Discovery Sparks Hope Marks’ faith in Filecoin’s promise derives from a recent technological discovery. Marks underlined in his most recent study posted on…
Investors who would likely buy spot ETFs, as opposed to the respective tokens, may view bitcoin and ether as similar enough to split their allocations between the two cryptocurrencies, rather than viewing them as distinct assets, Citi said. That means ether may see flows that had been earmarked for bitcoin ETFs rather than additional allocations. Source
Northern Data has filed a motion to dismiss a lawsuit from former employees, arguing that the court lacks jurisdiction and the claims lack sufficient detail. American branches of the European Bitcoin mining company Northern Data have filed a motion to dismiss a lawsuit brought against them in the Central District Court of California by former employees Joshua Porter and Gulsen Kama. The motion, seen by crypto.news, argues that the court lacks authority over the case, saying “Northern Data is not subject to general personal jurisdiction in California” as the company’s…