Mt. Gox transfers $172M Bitcoin to new wallets as BTC hovers near $107K

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automation platform Zeeve, the digital asset creation platform Toko and tech firms GFT Technologies and Red Date Technology.The newly formed BSN Foundation

A Japanese judge ruled in support of the data tampering charges moved against the CEO of now-defunct crypto exchange Mt. Gox. 977 Total views 20 Total shares A Japanese judge ruled in support of data tampering charges moved against Mark Karpeles — the CEO of now-defunct crypto exchange, Mt. Gox.At the end of March, Karpeles…

Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving. 891 Total views 36 Total shares Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since…

Last week, at least two crypto-related enterprises, a Silicon Valley stock and cryptocurrency trading platform Robinhood and Singapore-based crypto exchange Huobi, moved closer to going public by holding an initial public offering (IPO).The ‘old school’ way to collect investments might seem especially attractive in the context of mass adoption trends and a declining ICO market,…

American crypto wallet and blockchain security firm BitGo has received a state trust company charter from the South Dakota Division of Banking, making it a qualified custodian for crypto, CNBC reports September 13.By creating its trust company, California-based BitGo will now be subject to regulatory scrutiny that encompasses know-your-customer (KYC) and anti-money-laundering (AML) checks and…

Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was described…

It appears this was a coordinated effort targeting prominent crypto YouTubers, not just Coin Bureau. 200 Total views 4 Total shares Coin Bureau, a popular information portal for cryptocurrency developments with over 600,000 followers on Twitter, experienced a security breach on its Youtube channel on Monday. Hackers allegedly uploaded a video with links to scam…

Securing a close above $40,000 will give bullish pro traders a sizeable advantage in Friday's $625 million BTC options expiry. 917 Total views 10 Total shares Despite the recent breakouts to the $40,000 level, Bitcoin (BTC) price could still face downward pressure in August. The 42% rally in late July effectively inspired some optimistic short-term…