Why The Mt. Gox Impact on BTC Markets Is Overestimated
On July 17, the founder and CEO of on-chain analytics firm CryptoQuant told his 355,000 X followers that the Mt. Gox FUD is overestimated. He referenced a growth rate chart…
Auto Added by WPeMatico
Kraken to Begin Distributing Mt. Gox Compensation Funds Soon: $3.1B Worth Bitcoin Transfer Noted
Kraken has announced the receipt of funds from the Mt. Gox Rehabilitation Trustees on July 16th. This marks a significant step towards compensating those impacted by the historic collapse of the…
Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed…
Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt…
BTC Price Dumps $2K as Mt. Gox Moves $2.8 Billion in Bitcoin
On July 16, Mt. Gox began transferring BTC as it prepares to pay back customers who lost assets in the devastating exchange hack a decade ago. According to Arkham Intelligence,…
Mt. Gox moves 47,200 Bitcoin, Bitcoin’s price drops below $64,000
The minor Bitcoin move from Mt. Gox's wallet hints at potential market volatility as the repayment process progresses, affecting Bitcoin's stability. The post Mt. Gox moves 47,200 Bitcoin, Bitcoin’s price…
Coinbase Report: Crypto Market Shook by German BTC Sales; Recovery Expected by September Despite US Economic Slowdown
The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate…
JPMorgan Expects Crypto Market Recovery Beginning in August
Global investment bank JPMorgan has predicted a crypto market recovery beginning in August. The firm revised its year-to-date crypto net flow estimate from $12 billion to $8 billion, citing bitcoin…
Bitcoin (BTC) Price Prediction for the end of 2024 by Anthony Scaramucci
TL;DR Bitcoin’s price dip, influenced by factors like Mt. Gox repayments, is seen as temporary, with predictions of a rally to $100,000 due to strong fundamentals. The BTC Fear and…
$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic…