Mt. Gox Stirs The Market With $1 Billion Bitcoin Transfer—What’s Going On?
Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in the process....
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Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position in defi, losing 19.42% in 24 hours. Anchor Protocol has slipped down to the 12th largest TVL position, losing 66.34% in the 24-hour timeframe. Value Locked in Defi Sheds 10% During the Last 24 Hours — Terra Defi Apps Rock the Boat According to....
Scammers stole Apple’s thunder on September 9, 2024, regarding the iPhone 16 launch, by attempting to trick would-be buyers with deepfake videos of its CEO, Tim Cook. Related Reading: Crypto Crackdown: SEC Fines Hit $4.68 Billion In Aggressive Regulatory Push Indeed, this shows the spiraling threat of AI-driven fraud as cybercriminals start to make use […]
Trading volume, tools, altcoins, regulated DeFi and security solutions will continue to shape the institutional crypto market. 2021 was a big year for cryptocurrency. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender. In November 2021, the price of Bitcoin hit an all-time high approaching the psychologically significant mark of $70,000. And, all along the way, industry influencers like Elon Musk have been tweeting their enthusiasm about cryptocurrency more broadly.I anticipate 2022 will continue to be an even bigger year for digital currencies as the market grows....
Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool has become unbalanced Thursday morning. Furthermore, at 9:35 a.m., a report disclosed that Tether has frozen more than 46 million tethers at the request of law enforcement. **Editor’s Note: This article’s last paragraph was updated on Nov. 10, 2022, at 3:10 p.m. (ET) to reflect a comment from a Tether spokesperson. Tether....
Méliuz, a Brazilian fintech and publicly traded company, has allocated 10% of its cash reserves to Bitcoin, which represents a substantial advancement in the cryptocurrency sector. Méliuz is now a part of an increasing number of corporations that regard Bitcoin as more than a mere speculative asset. Related Reading: Mt. Gox Stirs The Market With […]