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The long-awaited restitution to users of the now-defunct Mt. Gox exchange may finally be happening in July. However, the market players are feeling nervous about how this distribution will affect the price of Bitcoin. There is a sense of fear regarding potential sell-offs in the market as uncertainty looms around the impact of the Mt.
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The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
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Tom Lee, the head of research at Fundstrat, has once again reiterated his prediction that Bitcoin will skyrocket to $150,000. Despite the current bearish trends in the market, Lee remains optimistic about the future of the pioneer cryptocurrency. In a recent interview with CNBC Television, he emphasized his belief that Bitcoin will reach new all-time
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Recently, a US bankruptcy court granted FTX approval to proceed with a liquidation plan that would involve paying customer claims in cash. The plan, which is set to pay customers based on the cryptocurrency prices at the time of FTX’s collapse in November 2022, has sparked controversy among creditors. Despite objections from customers who believe
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In a recent announcement, Animoca Brands Corporation Limited and its subsidiary, Bacasable Global Limited, revealed that The Sandbox had secured $20 million in funding. This funding round comes with a valuation cap of $1 billion, showcasing Animoca’s commitment to advancing digital property rights within the open metaverse. The injection of capital will accelerate The Sandbox’s
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Christian’s path into the world of journalism began long before the rise of cryptocurrencies. His love for storytelling was nurtured during his time as a feature writer for his college paper. This early experience set the stage for a successful career as an editor at a data engineering firm, where his writing skills earned him
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