Mt. Gox to start Bitcoin, Bitcoin Cash repayments in July

The trustee of the failed crypto exchange Mt. Gox wrote in the latest notice that repayments in Bitcoin and Bitcoin Cash will start in July. Mt. Gox, once the world’s largest Bitcoin exchange, seems to be set to finally begin repaying its creditors 142,000 BTC, 143,000 BCH, and ¥69 billion (around $432 million) nearly a decade after its collapse. The trustee of the failed crypto exchange Mt. Gox, Nobuaki Kobayashi, wrote in the latest notice that repayments in Bitcoin (BTC) and Bitcoin Cash (BHC) will commence in early July 2024,…

Nomura Survey Reveals Majority of Japanese Institutional Investors Plan to Invest in Crypto in Next Three Years

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Japanese consulting firm Metaplanet to put $6.2m in Bitcoin

Tokyo-headquartered public consulting firm Metaplanet has allocated over $6.2 million to buy Bitcoin for “long-term holding.” Metaplanet Inc., a Tokyo-headquartered investment firm that specializes in hotel and crypto consulting, raised ¥1 billion yen through the issuance of the second series of ordinary bonds to buy Bitcoin for “long-term holding,” the firm said in a Jun. 24 statement. Although the firm said that its basic policy is “to hold Bitcoin for the long term,” it didn’t rule out the possibility of using the crypto for “operations or other purposes.” In a…

Delta Capita Taps London Stock Exchange Veteran as New CFO

Delta Capita, a financial services consulting and technology firm, has appointed Nick Frost as its new Global Chief Financial Officer (CFO), the company announced Monday. Delta Capita Names Nick Frost as New Global CFO Frost, who brings over two decades of finance experience to the role, will join Delta Capita’s Executive Committee and report directly to Group CEO Joe Channer. Based in London, he will be tasked with developing the company’s financial strategy and supporting its growth initiatives. Prior to joining Delta Capita, Frost held CFO positions at several firms,…

Will Ethereum Skyrocket? Analyst Predicts $6,000 By September

Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereum’s potential, despite the ETF launch being just days away. Why…

Major Challenges Decentralized Exchanges (DEXs) Must Focus on in 2024

In the past decade DEXs has been the main opponent of traditional banking as it is high tech and constantly improving on participants’ experience. With blockchain technology, decentralization has attracted many investors because of its speed, precisines, and cost effectiveness. In the parallel world of traditional finance, the crypto currency market has its own “banks’’, DEXs that offer similar services such as buying, selling, and holding assets in exchange for fees. Decentralized exchanges are the ones responsible for transaction transparency and control over assets, without the presence of intermediaries. The…

LayerZero’s ZRO token leads market declines with 14% drop

Interoperability giant LayerZero has experienced a significant drop in the value of its native token, ZRO, which plummeted by 14%, making it the top loser in the crypto market today. At the time of writing, ZRO is trading at $2.68, representing a 13% decline over the past 24 hours, according to CoinMarketCap. During this period, the token’s trading volume fell by 41% to $146 million. ZRO 24-hour price chart | Source: CoinMarketCap Additionally, the market capitalization of LayerZero’s crypto assets dipped below $700 million, now standing at $670.8 million. LayerZero…

Toncoin On Fire: Crypto Explodes To All-Time High

Telegram-backed Toncoin (TON) has been the talk of the crypto town lately, its price soaring to a record-breaking $8.15 before settling around $7.60. This dramatic rise, coupled with technical indicators flashing both caution and bullish signals, has investors on the edge of their seats, wondering: is this a short-lived party or the beginning of a major ascent? Related Reading Cup, Handle Hints At Takeoff, But TDS Warns Of Bumpy Ride Analysts are divided on TON’s immediate future. Crypto technician Ali Martinez throws a bucket of cold water on the recent…

Japan’s Metaplanet Wants to Buy Another $6M Bitcoin

“Metaplanet Inc. (3350:JP) hereby announces that the Board of Directors has resolved to purchase Bitcoin worth 1 billion yen as of today’s meeting,” it said. “While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance will be recorded as current assets on the balance sheet.” Original