Category: CryptoX News

More than 10 years since the collapse of Mt. Gox, users confirm reimbursements

Defunct cryptocurrency exchange Mt. Gox has started payments to rehabilitation creditors as part of its rehabilitation plan. More than 10 years after its collapse, Mt Gox creditors are finally getting paid back. According to a July 5 announcement, payments are being made in Bitcoin and Bitcoin cash via centralized crypto exchanges designated to handle the transactions. However, rehabilitation creditors need to satisfy some prerequisites before receiving the payments. These include confirming the validity of their accounts and agreeing to the terms of the agreement from intermediary agencies handling the receipt…

Notcoin price action and the lessons for Pi Network

Notcoin price has dropped sharply in the past few weeks, erasing over $1 billion in market value. The NOT token slipped to a low of $0.0091 on Friday, its lowest level since May 29th and by over 64% from its highest point on record.  Notcoin price has lost momentum Notcoin and Pi Network are different assets in the blockchain industry. Notcoin is a Telegram mini-application that lets people earn tokens by just tapping a button. Anyone with Telegram can use the app and earn tokens. Pi Network, on the other…

Crypto heists near $1.4b in first half of 2024: TRM Labs

Cybercrime in the crypto sector has soared in the first half of 2024, with hackers stealing nearly $1.38 billion, nearly doubling last year’s figures. Cybercriminals have pilfered a staggering $1.38 billion from crypto investors in the first half of 2024, nearly doubling the $657 million stolen during the same period in 2023, according to data compiled by blockchain forensic firm TRM Labs. Consistent with 2023 trends, a handful of major breaches have dominated this year’s thefts, with the top five incidents accounting for 70% of the total haul, analysts say.…

Shiba Inu is in danger as Shibarium TVL slumps, death cross nears

Shiba Inu price continued its strong sell-off as the crypto fear and greed index turned red for the first time this year.  SHIB is now down for three straight days and reached a low of $0.00001271, its lowest level since March 1st. It has dropped by almost 70% from its highest level this year, drastically underperforming major coins like Bitcoin and Ethereum.  Crypto fear and greed index has fallen Shiba Inu’s price has dropped amid fear spreading in the crypto industry. The crypto fear and greed index has now dropped…

Ethereum Price Prediction | Is ETH a Good Investment?

How will the recent market crash impact Ethereum price prediction? Experts weigh in on potential outcomes. The crypto market experienced extreme turbulence over the past 24 hours. Bitcoin (BTC), the leading cryptocurrency, plummeted to a new low of $53,700 on July 5.  The market-wide sell-off intensified following reports that Mt. Gox, the infamous collapsed crypto exchange, transferred over 47,000 BTC (worth approximately $2.6 billion) to a new wallet in preparation for a large-scale payout totaling about 142,000 BTC (valued at $7.9 billion at current prices). On July 5, during Friday’s…

Northern Data accused of fraud by ex-directors amid US IPO efforts

Amid efforts to go public, Northern Data faces accusations of fraud from former executives who allege they were ousted for whistleblowing. European Bitcoin mining giant backed by stablecoin issuer Tether, Northern Data, is embroiled in legal controversy as two of its former executives allege they were dismissed for raising concerns about fraud. In a lawsuit filed in the California Central District Court, ex-Northern Data executives Joshua Porter and Gulsen Kama say the Frankfurt-headquartered company was “falsely misrepresenting the strength of its financial condition to investors, regulators and business partners,” adding…

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 community might encounter and highlights key points to consider amid the current market volatility. 7 Distinct Things That Could Instantly Change Everything Bitcoin has […] Source CryptoX Portal

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 accuracy of U.S. inflation data and its implications for measuring true economic growth. Peter St Onge, Official Figures May Understate […] Source CryptoX Portal

MultiversX (EGLD) leads crypto gainers amid key wallet integration

MultiverseX (EGLD) is the top gaining cryptocurrency among top 100 coins by market in the past 24 hours, with price up 11% after the team announced integration with Safepal. EGLD price rose to $32.93 on Friday, breaking higher from lows of $27.35 as most altcoins mirrored Bitcoin’s crash to under $54,000 earlier in the day. The upside also keeps MultiverseX in the green on the weekly time frame, currently with double-digit gains to contrast the picture for most altcoins that are deep red over the same period. MultiverseX soars amid…

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 expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com […] Source BitcoincryptoexchangeExchanges CryptoX Portal