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
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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
Ethereum ETFs are all the rage today in crypto markets, having already posted nearly hundreds of millions in flows within hours of their launch. By the end of the US trading day, the new funds had hit $1 billion in trading volume, per Bitwise Chief Investment Officer Matt Hougan. Loading Tweet.. Though, as Blockworks’ Ben
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 by Ben Strack, Felix Jauvin and Casey Wagner. Here’s what you’ll find in today’s edition: A pulse check on
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! I am touching grass today, so Jeffrey is stepping in with the story of how transactions make it to the blockchain. It’s admittedly a little funny that all this complex infrastructure predominantly
After her first full day on the campaign trail, Vice President Kamala Harris has apparently secured enough delegates to become the Democratic nominee, according to a survey from the Associated Press. While the pledged support is not official until delegates cast their votes next month, Harris said in a statement that she “look[s] forward to
Nine ETFs that hold ETH directly began trading on US exchanges Tuesday, marking another crypto investing milestone just half a year after the country’s debut of spot BTC funds. Investors can choose between ETH products by BlackRock, Fidelity, Grayscale, VanEck, Bitwise, 21Shares and Franklin Templeton, as well as one by Invesco and Galaxy Digital. Each