Day: July 30, 2024

Mt.Gox Creditors Reclaim 59,000 Bitcoin Via Exchanges, More Redistribution Imminent

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After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month. Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to follow soon. Muted Selling Pressure Expected? According to a recent report by Glassnode, the total recovered coin volume amounts to over 141,686 BTC, with nearly 59,000 BTC already finding their way to creditors and the…

Goldman Sachs CEO Clarifies His Stance on Bitcoin

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Goldman Sachs CEO David Solomon clarified his stance on bitcoin during a CNBC interview, where his prior skepticism and the recent political focus on bitcoin were discussed. Although he acknowledged bitcoin’s volatility and speculative nature, Solomon stated he had “never been on the other side as to whether or not bitcoin would be something that’s […] Original

Sony Ventures into Crypto Exchange Market

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In a surprising move, Sony Group (NYSE:SONY) has announced its entry into the cryptocurrency trading business. Known for its dominance in electronics, gaming consoles, movies, and music, Sony’s pivot to cryptocurrency trading raises questions about the motivations behind this strategic shift and its potential impact on the broader crypto sector. Revamping Whalefin Exchange Sony plans to overhaul the “Whalefin” exchange acquired through its subsidiary S.BLOX, formerly Amber Group. This update will include a redesigned dashboard, a new app, and an expanded roster of crypto assets. The key question remains whether…

Binance Executive Discusses Impact of US Government Potentially Holding Bitcoin as Strategic Reserve

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Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […] Original

QuarkChain price prediction | Is QKC a Good Investment?

On July 28, the QKC token’s price increased from $0.008 to $0.014. Over the past week, it’s climbed by over 28%. As of today, July 30, QKC is trading at $0.01, with a market capitalization of $70,762,113. What is the QuarkChain price prediction for the short and long term? 1-week QKC price chart | Source: CoinMarketCap What is QuarkChain As claimed, QuarkChain is working to fix some of the big problems that older blockchains face. While Bitcoin and Ethereum have nailed decentralization, they’ve had to sacrifice scalability and flexibility to…

Ethereum Whales Send Over $205 Million To Coinbase

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On-chain data suggests that some Ethereum whales might be jumping off the bandwagon amidst the ongoing tug-of-war between bulls and bears. This phenomenon has become increasingly evident as transaction data from whale trackers reveals a significant uptick in whale activity over the past 24 hours. The majority of these transactions are directed towards various crypto exchanges, indicating a possible shift in strategy or sentiment among these large-scale investors.  Notably, on-chain transaction alerts from Whale_Alerts show that approximately $205 million worth of ETH has been transferred into crypto exchange Coinbase from…

Track-and-Field Rivalries to Watch at the Paris Olympics

A good track-and-field rivalry feels like a championship boxing match—without the violence—replete with jabbering between the combatants, showmanship at the start line, and head-to-head fights to the finish. (A popular new Netflix documentary, Sprint, examines this dynamic in-depth.) Many rivalries are quieter: athletes display outward respect and admiration for each other and do most of their talking on the track (or field). Others are not so subtle. As the second week of the Paris Games approaches – the first full day of the Olympic track-and-field competition takes place on August…

U.S. Strategic Bitcoin (BTC) Reserve to Be Funded Partly by Revaluing Fed’s Gold, Draft Bill Shows

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Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose the reserve on Saturday at the Bitcoin Nashville conference. She came onstage just minutes after former U.S. President Donald Trump, the Republican nominee in this year’s presidential race, delivered a speech on blockchain policy before the cheering room, filled to its 8,500-person capacity. Original