August, 2024

August, 2024

Bitcoin climbs almost 5% to $61.5k as market reacts positively to Mt. Gox distributions
Bitcoin’s price climbed to $61,500 on Aug. 13 following the movement of $2 billion in Bitcoin tied to the long-defunct Mt. Gox exchange. The rally, which saw the leading crypto jump by nearly 5% in ...

BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments
Blockchain analytical firm Arkham Intelligence reported that crypto custodial service provider BitGo moved $2 billion of Mt. Gox’s Bitcoin to a new wallet, “bc1qpn,” according to an Aug. 13 post...

TradFi lender DBS launches EVM-compatible blockchain solution for treasury, liquidity management
Singapore-based DBS Bank has announced the pilot launch of DBS Treasury Tokens, a new blockchain-based treasury and liquidity management solution developed in collaboration with Ant International. The...

Puell Multiple drops as miner revenues hit 10-month low
Miner revenues serve as a barometer for the overall state of the Bitcoin ecosystem, reflecting the delicate balance between mining costs, Bitcoin price, and network difficulty. Since Apr. 24, miner re...

Board changes at Bitfarms amid revenue drop and Riot’s hostile takeover efforts
Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bon...

‘We Go to Hades’ – Crypto Analyst Issues Bitcoin (BTC) Warning Amid Fresh Correction Below $60,000
A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social med...

‘Perfect Setup’ Forming for Bitcoin As Global Liquidity Ticks Up, According to Analyst Jamie Coutts
The chief crypto analyst at Real Vision says the global money supply (M2) metric is showing a “perfect” scenario for Bitcoin (BTC). Jamie Coutts says on the social media platform X that a historic...

Tech CEO Arrested for Alleged $364,915,550 Crypto-Themed Fraudulent Scheme: Report
A South Korean CEO is reportedly facing fraud charges for allegedly orchestrating a massive $364.9 million Ethereum (ETH)-themed crypto scheme. According to iNews24, Byun Young-oh, the CEO of tech fir...

Robinhood CEO Vlad Tenev Says Crypto and AI the Two ‘Big Technology Trends’ Transforming Finance
Robinhood CEO Vlad Tenev says crypto and artificial intelligence are the two major technologies driving changes in financial services. In a new interview with Patrick O’Shaughnessy on the Colossus p...

Here’s When Altseason Will Arrive to Crypto Markets, According to BitMEX Founder Arthur Hayes
Crypto veteran and BitMEX founder Arthur Hayes is updating his outlook on when altcoins could have their time to shine. In a new essay, Hayes says that he expects the crypto market to respond positive...

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