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Mt.Gox has moved over 44,500 BTC worth over $2.8 billion to an internal wallet. The price of BTC fell slightly after the transfer, retreating to around $62,835. On-chain data shows a wallet linked to Mt. Gox has just moved more than $2.8 billion worth of Bitcoin. The huge transfer comes as Bitcoin price looks to hold gains seen since last weekend’s attempted assassination of Donald Trump. Mt.Gox transfers over $2.8 billion in BTC On Tuesday, Lookonchain shared details of a large BTC transfer. Citing data tracked by blockchain analytics firm Arkham, the platform said the transfer originated from the wallet of defunct crypto exchange Mt. Gox. The said Mt. Gox wallet moved over 44,500 BTC worth over $2.84 billion, with this going to an internal wallet. Market anticipation is that the exchange’s trustee could be preparing for a repayment round following an announcement in late May. Mt. Gox moved 47,000 bitcoins last month ahead of the expected ...

Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on July 1, worth $470 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month, since 2017. According to XRPScan , the company has been using ‘Ripple (24)‘ and ‘Ripple (25)‘to manage the escrows since May 2024. The wallets currently hold the 1 billion XRP monthly unlock escrows until January 2025. In particular, Ripple (24) will unlock 500 million XRP in two escrows of 100 million and 400 million tokens , while Ripple (25) will unlock a single escrow of 500 million tokens on July 1. Picks for you Buy signal for two strong cryptocurrencies this week ...

Michael Saylor has been dumping his personal exposure to bitcoin while at the same time endorsing taking on debt — even suggesting people mortgage their homes — to buy more. The MicroStrategy founder also taught classes to executives on how to leverage corporate assets and equities to buy the crypto. This month alone, Saylor has sold over $70 million worth of MicroStrategy stock, while in March he sold $144 million. Although staggeringly generous figures in their own right, Saylor has not opted to decline these multi-hundred-million dollar options contract vestings, viewing them as compensation for one of the best bets he’s made in his career — levering up MicroStrategy to buy 214,246-and-counting bitcoin. Buying that much Bitcoin on corporate leverage has paid off in spades, adding billion s of dollars in market capitalization since the company’s purchase program began. Year to date, Saylor has led on the doubling of MSTR ’s share price and commensu...

Nearly 300,000 cryptocurrency traders lost close to $1 billion in the last 24 hours following a significant market crash. Cryptocurrencies experienced significant losses on April 12 and altcoins unusually dominated cryptocurrency liquidations, over Bitcoin (BTC). Precisely, 297,536 derivatives trading positions reached the liquidation threshold, for $937 million of daily total losses. Finbold retrieved this data from CoinGlass ‘s liquidation heatmap on April 13. On that note, long positions made the vast majority of these losses, summing up to $824.45 million in liquidations. Short positions represented 12% of all losses, for $112.56 million. Picks for you Crypto market maker profits $8 million from a single token 18 hours ago Unusual correlation of Gold and US Treasury Yield raises concerns 18 hours ago SafeMoon V2 is up over 150% in a month; Is SFM back? 19 hours ago 3 cryptocurrencies under $1 to buy for next week 20 hours ago Interesti...

Bitcoin (BTC) has continued to experience a sell-off since the approval of a spot exchange-traded fund (ETF), failing to live up to the hype experienced before the approval . In the wake of a regulatory nod for the product, Bitcoin retested the $49,000 mark, but the asset has corrected to currently trade above the $42,000 support zone. The sell-off has resulted in Bitcoin losing $83.91 billion in market cap within five days of the approval . On January 10, the maiden cryptocurrency held a market cap of $915.71 billion , dropping almost 10% to reach $831.8 billion by press time.  Notably, the market cap briefly peaked at $954.6 billion on January 11 before the sell-off accelerated. Bitcoin five-day market cap chart. Source: CoinMarketCap Cryptocurrency $15 billion XRP hacking attempt revealed Cryptocurrency Top 3 cryptocurrency picks for end of January Cryptocurrency Davos 2024: World Economic Forum's crypto vision...

Former Binance CEO Changpeng Zhao might face prison after admitting to criminal charges in the U.S., but his fortune remarkably increased to over $37 billion. The bounce-back of Bitcoin, which surged over 160% after a tough 2022, played a significant role in driving his net worth. Zhao now leads the pack among cryptocurrency entrepreneurs who have seen their fortunes swell this year. According to the Bloomberg Billionaires Index, this list includes notable names like Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss. The ex-Binance CEO ranks 35th on the list, just less than a billion shy of Tadashi Yanai, the CEO of retail giant Uniqlo.  You might also like: Mt. Gox creditors finally getting paid after 10 years Zhao’s wealth mainly comes from his major stake in Binance. Despite a slight dip in its market share following the U.S. Department of Justice settlement, Binance benefited from higher trading volumes as the crypto market rebounded.  Zhao could face...

In addition to “smart accounts” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi. Account abstraction , also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys. Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a strong expansion in Asia this year. “More dApps are improving UX for the Asian market, including introducing Asian language support,” she said. Shi added this expansion is primarily being driven by the introduction of zero knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic rollups. The two rollups are layer-2 scaling solutions with zkEVM offering developers security, scaling and direct compatibility with Ethereum smart contracts. Shi believes the development of account abstra...