Rumors About Mt. Gox Effect On Bitcoin Resurface, Victims to Receive 150K BTC?
Victims from crypto exchange Mt. Gox hacked could finally see compensation for their lost Bitcoin. Almost a decade after an attack forced the platform to shut down, users began a long litigation process which could be which could bear fruit in the next coming months. Related Reading | Bitcoin Funding Rates Are Climbing As Price Continues To Struggle In the crypto space, people have been following the case due to its potential implications for the Bitcoin market. In 2014, a bad actor managed to steal over 850,000 BTC, Mt. Gox managed to recover around 150,000 BTC which could soon enter....
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Bitcoin surged nearly 5% on Sunday, pushing toward the $90K mark, driven by a weakening dollar and rising monetary stimulus in Europe and China. There’s a lot of momentum from technical indicators, but a key resistance line remains in play. Some experts are now calling for a $150K BTC target this year, and there are […]
Bitwise, one of the world’s fastest-growing crypto asset managers, has announced a $150K donation to Bitcoin development, in a rallying call for the whole industry. The donation will be distributed among three non-profit organizations: Brink, the Human Rights Foundation (HRF), and Open Sats. Bitwise representatives have described the donation as more than just charity work; […]
Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide, including a city of Mentor resident, have been identified. Court documents reveal that the victims lost […]
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims Get Refunds The Federal Trade Commission (FTC) has started sending refunds to victims of two cryptocurrency investment scams: Bitcoin Funding Team and My7network. According to an announcement by the FTC on Wednesday, the two schemes “falsely promised that participants could earn large amounts of....
Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained.
JPMorgan’s Bitcoin Price Prediction
Global investment bank JPMorgan has revealed its prediction for the long-term price of bitcoin as well as the cryptocurrency’s fair value.
JPMorgan Chase & Co.’s....