Category Crypto Page 2 of 5
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MicroStrategy Stock Soars to New Heights Amid Bitcoin Surge and Optimism for Crypto Regulation
In a remarkable turn of events, MicroStrategy Inc. (NASDAQ: MSTR), the largest publicly traded corporate holder of Bitcoin, has seen its stock price soar to an all-time high of $350 per share on November 11, 2024. This surge comes on the heels of a historic rally in Bitcoin’s price, which broke past the $85,000 mark earlier in the day, reaching $88,064 by the market’s close.
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Mt. Gox Bitcoins Sent to GSR Markets
The collapse of Mt. Gox, once the preeminent bitcoin exchange, stands as a seminal moment in the turbulent history of cryptocurrency. The exchange’s dramatic downfall in 2014 left the digital asset community reeling, with billions of dollars in bitcoins lost and a trail of unanswered questions in its wake. Now, years later, a new development has emerged that sheds light on the fate of the recovered Mt. Gox bitcoins - a connection to the little-known crypto firm, GSR Markets.
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Kinexys by J.P. Morgan. Accelerating Blockchain Adoption in Financial Services
In a major milestone for the financial technology landscape, J.P. Morgan has announced the evolution of its pioneering blockchain platform, Onyx, into the new entity Kinexys by J.P. Morgan. This strategic rebranding and expansion marks a significant step forward in the bank’s mission to drive the mainstream adoption of blockchain technology and tokenization across the financial services industry.
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Mt. Gox Transfers Take a Backseat Amid Election Buzz
In a significant development for the cryptocurrency market, Bitcoin (BTC) prices have dipped below $68,000 and steadly recovered to $70,000, largely influenced by the recent actions of the defunct exchange Mt. Gox. On November 5, 2024, Mt. Gox executed a massive transfer of over 32,000 BTC, valued at approximately $2.2 billion, to new wallet addresses. This transfer, which included nearly 30,400 BTC sent to one address and 2,000 BTC to another, has raised concerns among traders and investors about potential market volatility and selling pressure.
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Speculating on Recent Mt. Gox Trustee Activity. A Deep Dive into a recent 500 BTC Transaction
The recent activity surrounding the Mt. Gox trustee has sparked a flurry of speculation and discussion within the cryptocurrency community. A recent Reddit thread has highlighted some intriguing transactions that could indicate the trustee’s intentions and the potential for future payouts to creditors. Let’s break down the details and explore what they might mean for those affected by the Mt. Gox debacle.
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Stripe Inks $1.1 Billion Deal to Buy Stablecoin Platform Bridge
In a landmark move, payments giant Stripe has announced the acquisition of stablecoin platform Bridge for a reported $1.1 billion. This deal, one of the largest in crypto history, follows Stripe’s recent announcement of stablecoin support earlier this month.
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Bitcoin Miners Choosing AI After Halving
As the cryptocurrency landscape continues to evolve, Bitcoin miners are at a crossroads six months after the latest halving event, which reduced the rewards for validating transactions on the Bitcoin network by 50%. This significant change has prompted miners to explore two distinct paths to ensure their viability in an increasingly competitive market.
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Tether Explores Lending to Commodity Traders as it Seeks to Deploy Profits
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly considering lending to commodity trading firms as a way to deploy its growing profits. According to a Bloomberg report, Tether has discussed US dollar-denominated lending opportunities with several commodity trading companies.
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Uniswap's Governance Token UNI Sees Significant Gains Following Unichain Launch
Uniswap’s governance token, UNI, has defied the market-wide sell-off, posting a 25% weekly gain and a 10%+ gain after the launch of Unichain, its own layer-2 network. The token’s price has surged 15% in a single day, with its trading volume increasing by 418% to $583.2 million. This significant growth has propelled UNI to the 20th position on the CoinMarketCap ranking, with a market capitalization of $5 billion.
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Mt. Gox Extends Repayment Deadline to October 2025, A Relief for the Crypto Market
In a recent development, Mt. Gox, the defunct Japanese cryptocurrency exchange, has extended its creditor repayment deadline to October 31, 2025. This decision, made by the Tokyo District Court on October 10, 2024, has brought a sigh of relief to the crypto market, alleviating concerns of a potential near-term selloff in Bitcoin.