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BTC Dropped to $65,500 as Mt. Gox Creditors Received Funds Via Kraken

BTC saw a 4% decline to $65,500 in value on Tuesday as Kraken sent funds, which constitute repayments, to Mt. Gox creditors. The defunct Mt. Gox, overseen by its bankruptcy estate, has chosen multiple exchanges to ensure prompt reimbursements to those who lost their funds in 2014 when it went bankrupt due to hacks that persisted for two years. Chosen exchanges, besides the obvious Kraken, include Bitstamp, Bitbank, BitGo, and SBI VC Trade. While Mt. Gox is working on moving funds to all of...

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Ethereum Holders Accumulate 113K ETH, Outpacing Spot ETF Inflows

Ether’s has failed to gain any upward traction despite the hype around it. Instead, the altcoin ended up shedding nearly 2% over the past 24 hours as it hovered near $3,460 despite a strong debut for spot Ethereum ETFs. This tepid price movement contrasts with the strong trading activity recorded by these new investment vehicles on the very first day. However, the resurgence in whale accumulation tells a different story. Ethereum’s Aggressive Accumulation According to the...

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BlockFi Submits Plans to Refund Customers and Creditors In Full

Defunct lending platform BlockFi has secured claims from FTX, allowing it to repay customers and creditors whose funds were tied because it failed in 2022. Its plan administrator, Mohsin Y. Meghji, submitted a report to the U.S. Bankruptcy Court for the District of New Jersey, stating BlockFi closed a transaction, letting it monetize about $874.5 million. According to a press release issued by the firm, “Following the settlement with FTX in March 2024 that allowed BlockFi to receive $874.5...

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Introducing Proptokenmarket: Pioneering the Future with the “First Real Estate Token Directory”

[PRESS RELEASE – Sheridan, United States, July 24th, 2024] Proptokenmarket, a dynamic newcomer to the real estate and blockchain landscape, proudly unveils its global Real Estate Token Directory. This groundbreaking platform is the first to provide a third-party directory for Real Estate Tokens, offering a fresh, user-friendly approach to discovering and engaging with tokenized real estate assets from various issuers worldwide. Key Features of Proptokenmarket’s Real Estate...

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