Mt. Gox repayment shakes crypto market, causing volatility

Ether (ETH) is worth more in Bitcoin (BTC) than at any time since the start of the year amid renewed appetite for altcoins.ETH/BTC 1-day candle chart (Binance). Source: TradingViewAltcoin market cap returns to $700 billioData from Cointelegraph Markets Pro and TradingView confirms that ETH/BTC has cleared key resistance to pass 0.08 BTC on Aug. 13.The move…

Multinational financial services firm, Fidelity Investments, has announced the purchase of a 7.4% stake of major North American mining company, Marathon Digital Holdings.Marathon currently operates 19,000 miners, with a further 100,000 machines slated for deployment over the next 12 months. With $4.9 trillion in assets under management Fidelity is one of the world’s largest financial…

A financial solution provider based on Bitcoin's network unveiled a mobile-friendly light client, requiring no full node operation. IOV Labs, a startup that constructs financial solutions based on Bitcoin's blockchain, has introduced another layer of scaling. "IOV Labs announced the launch of its Light Client for the Lumino Payments Network, a third-layer Bitcoin scaling solution," said…

In a fun and fortune-finding experiment, a Redditor has locked away $100 worth of Bitcoin in a public library “somewhere in Europe” until 2122. 904 Total views 7 Total shares There’s never a dull day in Bitcoin (BTC) land. Despite that markets calling for a lull, the creative Bitcoin community always has cause for amusement. Yesterday,…

Speaking on the partnership with the NRL, Swyftx CEO Ryan Parsons said that the “mass appeal of sport means it’s a hugely important way for exchanges to announce themselves.” 779 Total views 43 Total shares Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL).Swyftx is registered…

Bitcoin is stuck in a "tame" post-halving scenario and has far to run before reaching its cycle peak, says the popular research outlet. 3232 Total views 13 Total shares Bitcoin (BTC) is a "caged bull" and the end of its current price run is nowhere near at $60,000, says Bloomberg Intelligence.In a tweet on April…

The cryptocurrency exchange will get a Major Payment Institution License from the country’s top financial regulator. 273 Total views 3 Total shares Major Singapore-based cryptocurrency exchange Crypto.com received in-principle approval from the Monetary Authority of Singapore (MAS) for its Major Payment Institution License. The license will let the platform provide a range of payment services…

“Selling a portion of our BTC holdings and daily production as a source of liquidity is the best and least expensive method in the current market environment," said chief financial officeJeff Lucas. 282 Total views 42 Total shares Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the…

The University of Wyoming is embracing cryptocurrency staking as an innovative way to raise revenue. 4322 Total views 26 Total shares The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies.The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select…