The price of Bitcoin has been showing significant upward momentum over the last seven days, fluctuating between the $61,000 and $67,000 range, which is where it had been consolidating for the second quarter. Despite concerns and speculation surrounding Mt. Gox’s customer repayment, Bitcoin has managed to maintain a positive momentum. This recent price movement has
Binance US has recently received legal permission from a US court to invest certain customer fiat funds that are currently being held at BitGo. The exchange sought court approval to invest approximately $40 million in increments of $10 million over the course of four weeks. These investments will be directed towards US Treasury Bills, with
In a recent security breach at India-based crypto exchange WazirX, Liminal, a multiparty computation (MPC) wallet provider, stated that its infrastructure was not compromised. The breach, which resulted in an estimated $235 million loss, was attributed to compromised devices within WazirX’s network. The post-mortem report released by Liminal on July 19 clarified that the breach
The renowned crypto analyst Rekt Capital has recently shared his insights on the future trajectory of Bitcoin. According to his analysis, Bitcoin might not be fully prepared for its next significant price increase. Rekt Capital mentioned in a social media post that the cryptocurrency is not yet ready for a successful retest of the $65,000