[ad_1] Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in 2024, will start repaying its defunct users. The rehabilitation trustee has announced that repayments will be processed in Bitcoin and Bitcoin Cash starting July 2024, according to a written note by the exchange issued on June 24.Repayments to Start SoonAccording to a statement, the rehabilitation trustee will begin the repayment process in due course. The trustee has completed the exchange and confirmation of the required information with certain cryptocurrency exchanges. The repayments will be made through these exchanges.The trustee has requested users to remain patient. The order of the…
Author: dfrancis36
[ad_1] Michael Saylor, the executive chairman of MicroStrategy, has ignited fresh debate about the potential of Bitcoin to reshape the global economy. In a recent podcast interview, Saylor painted a future where Bitcoin transcends its role as a digital currency, transforming into a cornerstone for “economic immortality” and global financial stability. Michael Saylor: Bitcoin Is The Solution Michael Saylor laments the fleeting lifespan of most companies, which he claims averages a mere ten years. He posits that Bitcoin’s unique properties, particularly its digital and programmable nature, offer a solution. By acting as a secure, verifiable store of value, Bitcoin can…
[ad_1] Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereum’s potential, despite the ETF launch being just days away. Why Ethereum Could Reach $6,000 By September Degentrading, however, presented…
[ad_1] FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 FX and CFDs in Africa: Key Industry Trends | FMAS:24 As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion,…
[ad_1] Telegram-backed Toncoin (TON) has been the talk of the crypto town lately, its price soaring to a record-breaking $8.15 before settling around $7.60. This dramatic rise, coupled with technical indicators flashing both caution and bullish signals, has investors on the edge of their seats, wondering: is this a short-lived party or the beginning of a major ascent? Related Reading Cup, Handle Hints At Takeoff, But TDS Warns Of Bumpy Ride Analysts are divided on TON’s immediate future. Crypto technician Ali Martinez throws a bucket of cold water on the recent euphoria, pointing to a “sell signal” on the TD…
[ad_1] CoinShares, a European digital asset-focused investment company, has sold its claim from bankrupt crypto exchange FTX at a net recovery rate of 116 percent. Announced today (Monday), the company will receive a return of £31.32 million on a £26.6 million claim after the customary closing conditions.Recovery with a Profit“The resolution of the FTX situation has been highly favourable for CoinShares,” said the CEO of CoinShares, Jean-Marie Mognetti.“This exceptional recovery rate is a testament to the diligence and expertise of our team. We remain dedicated to leveraging this success to reward our shareholders and to drive further growth and innovation…
[ad_1] In a new report, US-based hedge fund Pantera Capital has posited Solana as the ‘Mac OS’ of blockchains, paralleling its developmental strategy and potential impact to that of Apple’s renowned operating system. Authored by Franklin Bi, Cosmo Jiang and Eric Wallach, the report delves deep into the structural dynamics and strategic positioning of blockchains within the tech industry. The report begins by addressing a common query about the future landscape of blockchain technology: “How many blockchains must exist?” Rather than focusing on the number, the Pantera team suggests a different perspective: “What is the least number of blockchains needed…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…
[ad_1] Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels. Ethereum Price Dips Further Ethereum price struggled to start a fresh increase above the $3,550 zone. ETH…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…