Repayments to the customers of Mt. Gox are set to begin after a decade-long court process. Tokyo-based Mt. Gox once processed more than 70% of all BTC transactions at its peak before collapsing in 2014 after the loss of 950,000 BTC. Bitcoin was worth just $600 at the time. About 20,658 customers will receive a
As the end of July nears, analysts look ahead to August, a historically volatile month made more interesting this year by the US presidential election. The S&P 500 and Nasdaq Composite indexes in August 2023 lost 1.6% and 2.1%, respectively. The year prior, the S&P 500 lost just under 1% and the Nasdaq Composite slid
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you today by Casey Wagner exclusively. Here’s what you’ll find in today’s edition: We’re heading into one of the more
Last month, the US Treasury Department finalized new tax rules for the crypto industry. We should embrace them. Crypto users, attracted to the digital asset space because of its libertarian values and independence from the traditional financial system, may chafe at this larger IRS crackdown as burdensome or troubling. However, the time for scams and
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! I’d like to be more of a wine snob, but I’m useless at figuring out what the notes in a glass of wine are or whatever. I was once told that every
Sygnum Bank said crypto spot and derivatives trading surged in the first half, propelling it to its first half-yearly profit. The Swiss lender plans to expand into the European Union and Hong Kong in the coming months. 00:34 Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance 08:15 Zuckerberg Says Meta Has ‘Exciting Roadmap’ With Threads
The Nasdaq and S&P 500 on Wednesday each suffered their worst declines since late 2022, but the price of bitcoin (BTC) mostly held up, remaining around the $66,000 level where it was a day earlier. The broad-market crypto benchmark CoinDesk 20 Index was also flat over the past 24 hours, with Solana’s SOL and Ripple’s
We’re headed to the Bitcoin Nashville conference this week and looking forward to a lot of deep discussions about building on the original blockchain – as well as hearing what former President Donald Trump has to say . (We understand the security will be quite tight.) I’ll be moderating a panel at a side event
Coinbase Asset Management is creating a tokenized money-market fund, according to four people familiar with the plan. Tokenization of real-world assets is a hot corner of crypto. BlackRock’s tokenized U.S. Treasuries fund quickly grabbed $500 million of assets this year. 06:22 Philippines Taps Blockchain 04:56 BlackRock CEO Predicts Tokenization Is the Future of Markets 00:48
Bitstamp’s action follows reports by creditors receiving assets on Kraken on Wednesday. The prices of bitcoin and bitcoin cash declined after the news. 02:26 DCG Reaches In-Principle Deal With Genesis Creditors 02:06 Crypto Custodian Prime Trust Files for Bankruptcy 04:58 Celsius Can Start Converting Altcoins to Bitcoin, Ether as of July 1, Judge Says 05:48