Kraken confirms receiving $BTC and $BCH for Mt. Gox creditor repayments. Distributions to users will occur within 14 days. Mt. Gox recently transferred $6B in Bitcoin. This could affect market dynamics. #Update
Stripe expands crypto services in the EU, allowing purchases of $BTC, $ETH, and $SOL with credit/debit cards. Targeting crypto marketplaces, the initiative supports stablecoin payments like $USDC for instant fiat settlements. Partnership with Coinbase aims to enhance web3 adoption. #CryptoNews #Update
Elon Musk denies committing $45M monthly to Donald Trump’s campaign, calling it “Fake Gnus.” Significant donations from Joe Lonsdale & Kelly Craft, plus 15.47 BTC from the Winklevoss twins and $1M in ETH from Jesse Powell, highlight the rise of #cryptocurrency in political funding.
Craig Wright, who claims to have created Bitcoin, may face perjury charges in the UK. A London judge has sent his case to prosecutors, citing evidence of lies and document forgery. This could lead to serious legal consequences, including arrest and extradition. #Crypto
Kraken confirms receipt of $BTC and $BCH from Mt. Gox trustee. Funds will be deposited into creditors’ accounts within 7-14 days. Mt. Gox moved 95,869.97 BTC ($6.06B) recently. This marks a major step in repaying creditors and highlights Kraken’s efficiency. #CryptoNews
? A Degen Chain user lost 90% of 785,000 $DEGEN in a cross-chain transfer due to a slippage issue and poor liquidity in the DEGEN/ETH pool. The platform is refunding users and improving liquidity management. #DeFi #Crypto
.@VitalikButerin calls out low investment in Web3 infrastructure, favoring niche, high-revenue projects like “casinos.” This trend hurts open-source startups vital for decentralization. He urges a shift in investment strategy for sustainable growth. #Web3
Coinbase narrows its subpoena to focus on SEC Chair Gary Gensler’s communications since April 2021, aiming to showcase his evolving views on crypto regulations. Judge concerns led to this refinement. SEC’s response due August 5. #CryptoRegulations
Terraform Labs (@terra_money) sets August 9, 2024, 5:00 p.m. ET as the deadline for bankruptcy claims. Unique exclusion of “crypto-related claims” highlights blockchain bankruptcy complexities. Recent moves boost $LUNC to near $0.000080. Key for Terra’s long-term asset stability. #Update
Former SEC lawyer Marc Fagel clarifies that neither Ripple nor the U.S. SEC are seeking a settlement, awaiting the district court’s decision in the remedies phase. XRP price rallies 27% in a week, with RSI signaling a bullish cross. #Ripple #CryptoNews #Update
Bitcoin’s hashrate hit a post-halving low while its price climbed above $60K. Difficulty set to rise as 7-day average hashrate surpasses 600 EH/s. Despite low transaction fees, miners face challenges ahead. #Update #Bitcoin $BTC
Akshay Nassa, CEO of Chimp Exchange, predicts decentralized exchanges (DEXs) could surpass centralized exchanges (CEXs) like @Binance and @Coinbase within five years, thanks to advancements in security and scalability. #Crypto #Update
Addresses linked to the bankrupt Mt. Gox exchange moved 96,396 $BTC worth over $6B to three unmarked wallets, fueling selloff concerns amid ongoing creditor repayments. Despite fears, the BTC remains in recipient wallets. #Bitcoin #Update
Former Zero Edge CEO Richard Kim lost $3.7M in investor funds through risky cryptocurrency trades after the $7M seed round. Kim, an ex-JPMorgan and Goldman Sachs exec, resigned and reported his actions to the SEC, highlighting the risks in leveraged trading. #Crypto #Update
