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Tag Archives: News

BTC Drops By Over 4%, Taking Its Value Below $62,000

In a constant downward trajectory over the past week, BTC dropped by another 3% on Monday, taking its value below $62,000 and wiping out any gains it recorded last week. The crypto market lost about 7% in value. ETH, ADA, and BNB recorded about the same losses as BTC at over 4%. SOL dropped by 7%, and memecoins collectively fell by 5%. Analysts point to continuous miner selling activity as they continue liquidating their rewards after the Bitcoin halving. Whales and miners have sold over...

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Mt. Gox Will Begin Repaying Creditors in July

Mt. Gox will begin repaying users affected by its infamous failure to store assets safely starting the first week of July. The defunct exchange underwent one of the most talked-about hacks of all time in 2014, leading to it shutting its doors permanently. Multiple attacks aimed at Mt. Gox for over two years resulted in the loss of 809,000 bitcoins. The attacks went unnoticed until the end. Users will finally receive their share starting early next month. Mt. Gox’s trustee, Nobuaki Kobayashi,...

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