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Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25. The exchange will have a separate distribution plan for customers in the UK. Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin ( BTC ) from Mt. Gox and that it would begin distribution to creditors on Thursday. The exchange also has Bitcoin Cash from the Mt. Gox trustee, with this coming a decade since the Bitcoin exchange collapsed following a major hacking incident. After a ten-year wait, customers of the defunct crypto exchange can now have their digital assets back. Bitstamp receives Mt. Gox BTC Bitstamp said in an announcement that it would begin the distribution process on July 25, 2024. However, it also urged customers to be patient as the process of verification continues. “We’re pleased to announce that we’ve received the Mt. Gox assets. We’re working diligently to distribute them to our Bitstamp customers wh...

Tether recently committed 15% of its net profit to Bitcoin investments. On March 31, 2024, Tether acquired an additional 8,888 BTC at $30,305 each bringing unrealized profit to $2.94B. Tether is now 7th largest holder of Bitcoin (BTC), with 75,354 BTC. Tether, the leading issuer of USDT, has emerged as the seventh-largest holder of Bitcoin (BTC) after a strategic acquisition of 8,888 BTC on March 31, valued at $618 million. The latest purchase substantially bolstered Tether’s Bitcoin holdings, bringing the total to 75,354 BTC. The acquisition, executed at an average price of $30,305 per BTC, has proven to be astute, with the market value now standing at $5.2 billion. CoinStats data indicates an impressive 128% increase in the value of bitcoins in the wallet that made the latest BTC acquisition, translating to an unrealized profit of $2.94 billion. Tether’s strategic Bitcoin acquisition Tether’s decision to secure a substantial amount of...

TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion. Senator Warren’s involvement is seen as part of a broader political strategy. Bitcoin mining faces scrutiny for energy consumption, environmental impact. In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have filed a lawsuit, alleging unlawful data collection demands targeting the Bitcoin mining sector. EIA’s data collection plan  Last month, the EIA announced plans to collect data on electricity consumption by certain US-based crypto miners, effective from early February. Commercial miners were mandated to disclose intricate details, including the types of machines used and the locations of their mining operations. The controversial move followed an emergency approval from the Office of Management and Budget on January 26. We're initiating collection of data regarding #elect...

Key takeaways  Fundstrat’s Tom Lee believes that BTC’s price could hit $150k this year. Bitbot’s presale is now in the fourth stage and has already raised more than $650k. Bitcoin could reach $150k in 2024: Tom Lee The cryptocurrency market has been bullish since the start of the year, with Bitcoin touching the $50k level for the first time since 2021. With the bulls currently in control, many believe that BTC’s price could soar higher in the coming months. FundStrat head of research Tom Lee is one of those bullish analysts and he predicted that the leading cryptocurrency could touch $150,000 before the end year. If BTC’s price could triple in the coming months, this could be an excellent opportunity for investors to acquire more assets. One of the gems that could record massive gains in the coming months and years is Bitbot . This project will leverage the growing trading volume in the market to gain massive adopt...

Surprisingly, TRON takes the top spot on the list of cryptocurrencies with the most active daily addresses, with 1,643,580. It is followed by Bitcoin, which has 867,570 active addresses. In third place is Litecoin with 754,272 active daily addresses. Crypto currencies are always on the move, constantly changing and evolving. They’re often compared to the wild west of finance, breaking away from the rules of traditional markets.  A new Analysis by CoinJournal.net utilised the most recent data available to reveal the Crypto currencies with the highest average of daily active addresses, either as a sender or receiver of the Crypto in question.  The snapshot from December 5, 2023 unveils an intriguing development—TRON outperformed Bitcoin in terms of worldwide daily user engagement. Rank Cryptocurrency Active address count 1 TRON 1,643,580 2 Bitcoin 867,570 3 Litecoin 754,272 4 Ethereum 478,541 5 Stellar 1...

Inflows to crypto funds are up big,  Crypto-adjacent stocks outperform all their TradFi counterparts as the Bitcoin ($BTC) Spot ETF is just days away.  Strap in because a bull market like no other could be on the way. The top 5 cryptos to buy now are all memecoins, and the recent strength of Ethereum (ETH) signals the start of stage two of the bull market.  Crypto cycles always follow a pattern: BTC pumps, ETH pumps, altcoins pump, and then memecoins run riot. 2024 is set to be the year of memecoins , and Galaxy Fox ($GFOX) has caught everybody’s attention. This presale cruises past $2 million and shows no sign of stopping! What Is Galaxy Fox ($GFOX)? Galaxy Fox is a hybrid protocol pushing the boundaries of what is possible within DeFi. It blends the best of the play-to-earn and memecoin genres to deliver an easy 100X investment opportunity. At the heart of this galactic ecosystem is an addictive runner game. This P2E module pays o...

Ting Shen—Bloomberg/Getty Images Despite the ongoing challenges in the cryptocurrency market , enthusiasts of digital assets are convinced that the future is bright for the sector. Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start to 2023. But not everyone holds this same positive outlook, including the CEO of JPMorgan Chase, Jamie Dimon. At a recent World Economic Forum (WEF) interview with CNBC, he made harsh public statements on his perspective of Bitcoin and the crypto industry. "I think all that is a waste of time, and why you guys waste any breath on it is beyond me," said Dimon in the interview on the sidelines of the WEF. Dimon. "Bitcoin itself is a hyped-up fraud. It's a pet rock." This is not the first time that Dimon has publicly shared his skepticism towards the crypto industry. In fact, he has been vocal about his views on digital a...

Bitcoin and wider crypto prices are getting a strong tailwind today after the release of the latest US economic data shows softening inflation and slowing retail sales. Bitcoin at the time of writing is priced at $21,565, up 0.9% and Ethereum is currently 0.85% higher at $1,602. The closely watched US retail sales figure fell -1.1%, greater than the -0.8% forecast by economists. Meanwhile, producer price index (PPI) inflation fell to 6.2% as against the headline figure of 6.8% that was expected. The latest economic data should strengthen the hand of doves at the Federal Reserve to slow down on interest rate rises. Data means the Fed is more likely to ease up on interest rates The poor retail sales data suggests that consumers are feeling the pinch of higher prices and are cutting back.  That would have the effect of taking some of the demand out of the economy that was threatening to send inflation spiralling even higher. Put that another way – it means ri...