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More Details About the Mt. Gox Bitcoin Repayments: What’s Next?

The defunct cryptocurrency exchange Mt Gox has finally commenced creditor repayments ten years after filing for bankruptcy. According to an announcement from the Mt Gox Rehabilitation Trustee, the defunct estate distributed bitcoin (BTC) and Bitcoin Cash (BCH) payments to some creditors on July 5 through designated crypto exchanges linked with the repayment plan. Mt Gox Begins Repayments The Mt Gox trustee will continue repaying other creditors when certain conditions are...

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The German Government and Bitcoin Saga Continues: Justin Sun Wants to Buy it All

Justin Sun is back with another ambitious proposition. The Tron Founder has now set his sights on the German government’s BTC stash, boldly offering to buy it all off-market to “minimize the impact on the market.” It all started with the German government-labeled wallet’s suspicious transfer of 6,500 BTC on June 19, worth more than $425 million, which sparked concerns among traders about potential market turbulence. The wallet in question is believed to be linked to funds...

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Are Bitcoin Miners Capitulating Amid the Drop Below $60K?

The Bitcoin network is showing some signs of miner capitulation. This stage is marked by miners ceasing operations or selling part of Bitcoin reserves. Interestingly, this process has been historically linked to a bottoming of Bitcoin prices, following which the asset is expected to resume a much-needed uptrend. Signs of Bitcoin Miner Capitulation Since the recent halving, the network hash rate has dropped by 7.7% from its peak on April 27. According to the latest report...

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Incoming Binance Update Affecting Bitcoin (BTC) and Ethereum (ETH) Traders: Details

TL;DR Binance will terminate trading for six pairs, including BTC/AEUR and ETH/AEUR, effective July 5, possibly due to poor liquidity or other factors. Despite delisting some pairs, the company has added new ones like WIF/BRL and ZK/USDC, though these are not available to users in certain restricted regions. Binance’s Latest Move The world’s largest cryptocurrency exchange – Binance – will terminate trading services for the following six pairs: BTC/AEUR, ETH/AEUR,AI/TUSD,...

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