DCG clears debts! Digital Currency Group (DCG) announced that it has fully repaid its short-term debts as of June 2024, leaving only a $1.1 billion promissory note owed to its bankrupt crypto-lending subsidiary, Genesis. This promissory note is due in 2032. Over the past 18 months, DCG managed to repay …
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Quick Take On Aug. 20, Mt. Gox made a significant on-chain movement of 13,265 Bitcoin, valued at approximately $784 million, according to Arkham Intelligence. The transaction occurred at 23:39 UTC, with the bulk of the Bitcoin—12,000 BTC, worth $709.44 million—being transferred to the address “1PuQB.” The remaining 1,265 BTC, valued …
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A large, suspicious transaction of 4,064 Bitcoin, approximately equal to $238 million, has been detected on the blockchain, raising alarm among crypto users. Whale Alert, the blockchain tracking service, identified the transfer, which was then studied by the widespread on-chain sleuth ZachXBT. ZachXBT stated that the stolen Bitcoin was offloaded …
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Bitcoin stolen in $238 million breach fails to get privacy shield, returned to original address
by Assad Jafriby Assad JafriPrivacy protocol RAILGUN said the 4,064 Bitcoin stolen in a high-profile security breach on Aug. 19 did not gain any privacy benefits on its platform. The platform clarified that the stolen funds were unable to generate a Private Proof of Identity (POI), resulting in their unshielding and return to the …
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Quick Take Recent research shared by Matthew Sigel, Head of Digital Assets Research at VanEck, J.P. Morgan, highlighted several reasons institutional investors remain optimistic about Bitcoin. The research begins with a positive outlook, stating, “One can find several reasons for institutional investors to remain optimistic.” Firstly, J.P. Morgan points to …
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On Monday, the cryptocurrency markets faced their sharpest correction since the FTX crisis, with bitcoin’s price dropping over 15% before rebounding. According to JPMorgan analysts, this recovery was primarily supported by institutional investors, who showed limited to no de-risking in bitcoin futures despite the broader market turmoil. JPMorgan’s futures position …
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The cryptocurrency market has shown signs of a tentative recovery following a tumultuous Monday, when over $1 billion in leveraged cryptocurrency positions were liquidated and major tokens dropped by as much as 20% in value. Coinbase researcher David Duong said Tuesday’s market conditions show the potential for a short squeeze …
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In the aftermath, the profitability of miners continues to suffer as BTC mining machines fall below their break-even point. Head of Research at Galaxy Alex Thorn recently highlighted the 24th biggest increase in Bitcoin mining difficulty since 2016. According to f2pool, at Bitcoin’s current price of $52,982, BTC mining difficulty …
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The Virginia-based company disclosed this plan in a recent regulatory filing with the US Securities and Exchange Commission (SEC). MicroStrategy Eyes $2 Billion Bitcoin Buy According to the filling, MicroStrategy, widely recognized in the digital assets industry for Michael Saylor’s unwavering belief in Bitcoin, plans to increase its cryptocurrency holdings. …
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This sudden decline triggered a wave of liquidations, erasing $290 million in both long and short positions over the past 24 hours. Bitcoin Sinks Below $62,000 The recovery rally ahead of the FOMC meeting and positive July CPI data fostered a bullish sentiment. However, the long-anticipated rate cut was delayed, …