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UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin ValueA recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less concentrated.” UBS Market Strategists Believe Mt Gox Payouts Won’t Destabilize Bitcoin’s […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of MarketAs of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy

Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of DormancyLast week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011. Five days later, 5,000 bitcoins were transferred from a […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack

Whale Spends 10,000 BTC Worth 3M, Bitcoins Stem From the Infamous 2011 Mt Gox HackIn two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2013 sent 10,000 bitcoin worth $203 million to unknown wallets after sitting idle for close to nine years. Onchain data […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets