Bitcoin Cash eyes $585, long-term target remains $1,509
Key takeaways BCH is the best performer among the top 20 cryptocurrencies by market cap. The coin could rally towards $585 soon as bulls target the $1,509 level in the long term. Bitcoin Cash outperforms other major cryptos The cryptocurrency market is having a slow start to the week. The total crypto market cap has […]
Bitcoin Cash eyes $585, long-term target remains $1,509
Key takeaways BCH is the best performer among the top 20 cryptocurrencies by market cap. The coin could rally towards $585 soon as bulls target the $1,509 level in the long term. Bitcoin Cash outperforms other major cryptos The cryptocurrency market is having a slow start to the week. The total crypto market cap has […]
Community Fundraising Effort Launched to Secure Bitcoin Cash API Service
Actorforth.org has launched a Flipstarter campaign to raise 30 bitcoin cash (BCH) to keep its rest.bch.actorforth.org API service operational. Actorforth Launches Campaign to Prevent BCH API Shutdown According to the Flipstarter fundraising proposal, the API, which has supported the bitcoin cash (BCH) community since 2021, faces closure on Dec. 31, 2024, without additional funding. The […]
Etoro Restricts US Crypto Trading to 3 Cryptocurrencies Following SEC $1.5M Fine
Etoro USA has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission (SEC) to settle charges of operating as an unregistered broker and clearing agency for crypto trading. Etoro will limit U.S. customers’ trading options to bitcoin, bitcoin cash, and ether, with a 180-day window to sell other crypto assets. If certain […]
Bitcoin Cash jumps 14% to hit $450 as BTC eyes $70k
Bitcoin Cash (BCH) rose more than 14% in 24 hours to trade above $450, its highest level since mid-June. BCH gained as Bitcoin (BTC) moved to within reach of $70,000 following a 3% rise in 24 hours. The benchmark digital asset traded around $69,503 at the time of writing on July 29, slightly off its […]
Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon
According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds On Tuesday, the Mt Gox trustee moved significant amounts of […]
Mt Gox Estate Transfers $3B in Bitcoin, $53M in Bitcoin Cash Ahead of Distribution
According to onchain data, at 4:12 a.m. EDT on Tuesday, 48,641 bitcoin worth just over $3 billion were transferred by the Mt Gox estate ahead of the forthcoming distribution. Mt Gox Estate Moves Large Holdings Before Distribution After the price of bitcoin (BTC) climbed above $65,000, Mt Gox sent 48,641 BTC, valued at $3 billion, […]
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded
The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor.This post was originally published on this site
Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTC
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given its weaker investor […]
Mt Gox Initiates Bitcoin Repayments to Creditors
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price dropped amid these developments and other market activities. Mt. Gox Begins […]