Month: July 2024
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the Rehabilitation Plan.
Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans
While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.
Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.
Biden’s reelection odds brush single digits on Polymarket
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds.
“Technical” Skills
Comments
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly.
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
BTC slides to lowest since late February, breaching key price support.
Bitcoin drops below $54K as crypto liquidations near $665M
Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.
Bitcoin Slides to $55,000 as Liquidations Top $600 Million
Bitcoin has fallen to its lowest point since February, triggering a cascade of liquidations worth hundreds of millions of dollars.
Moving to a RTOS on the RP2040
Comments
Mt. Gox Transfers $2.7 Billion in Bitcoin From Cold Storage Amid Market Rout
Mt. Gox has transferred $2.7 billion worth of Bitcoin to an unidentified wallet, further exacerbating concerns over declining crypto prices.
Coinbase continues to fight for access to Gensler’s private emails
In a recent letter to a district court judge, Coinbase argued that the SEC Chair’s private communications are an “appropriate source of discovery” crucial to mounting a reasonable defense.
Math Behind Transformers and LLMs
Comments
German MP urges government to stop ‘hasty’ Bitcoin sell-off
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation.
Mt. Gox moves $2.7B in Bitcoin to new wallet address
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.
Blocking AI Bots From Scraping Websites Gets Boost From Cloudflare
Along with adding an “easy button” to stop AI developers from training their models on web content, the security firm shared its findings on AI bot activity.
Gecko Tapes
Comments
Reverse engineering a smartwatch
Comments