Category: Cryptocurrency News

Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House

Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House

Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House

Similar to the practice of staking digital assets, yield-generating stablecoins and pools have garnered significant traction as a sophisticated mechanism for accumulating cryptocurrency holdings and generating passive income through prolonged holding periods. Below is an analytical snapshot of the top five stablecoin liquidity pools, ranked by total value locked (TVL) and their corresponding annual percentage […]

The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.

The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.

The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.

The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.

Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in the process of reimbursing debtors. Regarding the trade, the movement of 12,000 BTC represents among the most important events in recent history. While some people think it may be a big step toward the much-needed repayments, others worry about the possible market pressure a big sell-off could generate. On March 6, Arkham Intelligence reported that a Mt. Gox-linked wallet, “1PuQB,” moved 12,000 BTC, with 11,834 BTC (over $1 billion) sent to an unidentified wallet, “1Mo1n,” and 166.5 BTC ($15 million) transferred to Mt. Gox’s cold wallet, “1Jbez.” ARKHAM ALERT: MT GOX MOVING $1B $BTC pic.twitter.com/VpIkHdJQkl — Arkham (@arkham) March 6, 2025 This marks the first major transaction since January, when smaller amounts were shuffled between its cold wallets. Mt. Gox-linked wallets still hold approximately 36,080 BTC, valued at $3.26 billion, according to Arkham. Such a large volume of Bitcoin movement historically has caused market volatility to rise. Investors are closely monitoring the possible sale in great numbers or redistribution of these monies to creditors. Although the recent surge in Bitcoin shows strong buying demand, this latest movement – if its a sell – could trigger a price dip, Bitcoin Price Remains Stable At Or Above $90,000 Bitcoin is strong and is currently trading at about $91,680 despite the uncertainty. The market’s lackluster reaction to the transfer thus far may suggest that investors are “cool” about the most recent activity from the now-defunct exchange. Similar huge transactions have previously resulted in brief declines, but the price of Bitcoin has continued to rise. Creditors Await Further Updates Mt. Gox’s creditors have been waiting years for their money to come back. Payback has been slow and marked by delays. Although this most recent transaction shows that development is happening, it is still unknown when or how the creditors will get their Bitcoin. Many hope that restitution will be handled smoothly so that it minimizes disturbance of the market. However, until official announcements are made, speculation will continue. The crypto community remains watchful for any updates that might clarify the exchange’s next steps. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says What Next For Bitcoin Meanwhile, any information regarding Mt. Gox’s forthcoming actions could potentially influence the coin’s short-term price action. Investors and analysts will be monitoring the transferred BTC for indications of heavy selling activity. Featured image from Gemini Imagen, chart from TradingView

Hey everyone! I’ve been learning about zero-knowledge and recently came across stealth addresses. They seem like a great way to protect the receiver’s privacy, but I’m wondering about the practicality of handling small transactions. For example, if I use stealth addresses for donations, someone might send me $5 worth of ETH. The problem is that…
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