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Tag Archives: Bitcoin News

Hackers Trying to Brute Force Their Way into Mt. Gox Accounts Amidst Repayments

Mt. Gox creditors reported hackers trying to log into their accounts multiple times, with the defunct exchange sending them notifications through numerous failed attempts. As the exchange began paying its creditors, cybercriminals focused on breaking into their accounts to siphon large sums of bitcoin and Bitcoin Cash. Reddit users on the r/mtgoxinsolvency subreddit posted their experiences, confused about what to do now that they experienced the hacking attempts. User u/ovkovk posted, “Just...

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Mt. Gox Transfers Billions, Causing BTC Price to Slump by 3%

The defunct exchange Mt. Gox transferred massive amounts of BTC to its internal wallets and an unknown wallet, forcing BTC’s price to drop below $63,000 on July 16, marking a 3% dip. BTC rallied close to $65,000 prior. With creditors awaiting repayments through chosen exchanges, Mt. Gox is seemingly preparing to transfer asset bulks to them, bifurcating funds in multiple wallets, according to data provided by Arkham Intelligence. Its main wallet observed transaction volumes of over 190,000...

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Whales Bought the Highest Amount of Bitcoin in Thirty Days Since April 2023

Bitcoin whales accumulated around $4.3 billion over the past thirty days, buying the dip as the asset hit its lowest numbers in the past few months. A massive chunk of the billions was acquired during bitcoin’s lowest price point recorded in the past 30 days when it dipped below the $54,000 mark. The last time users bought such amounts of bitcoin was when multiple banks failed in the US in April 2023, pushing confidence in the leader of decentralized assets up tremendously. Now, it has...

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US Spot BTC ETFs Recorded Largest Inflows This Week

US Spot BTC ETFs observed the largest net inflows this week on Friday, recording $310.21 million, according to SoSo Value data. It also marks the largest inflows recorded since June 5, as ETF investors began pulling out of their positions due to selling pressure induced by the German government moving tremendous amounts of bitcoin and Mt. Gox repayment anticipation. Despite bitcoin’s price dropping to prices lesser than what was seen last month, investors are returning to ETFs to buy the...

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German Government Offloads the Last of Its Bitcoin Holdings

The German governmental agency Federal Criminal Police Office/Bundeskriminalamt (BKA) has moved all its bitcoin holdings, concluding numerous transactions that added selling pressure on the asset. Arkham Intelligence reveals that the BKA-labelled wallet presently holds 0 bitcoins. Arkham’s X account notified users about its final transaction, “The German Government just sent 3846.05 BTC ($223.81M) to Flow Traders and 139Po (likely institutional deposit/OTC service).” It held 50,000 bitcoins...

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