Top news of the week Mt. Gox postpones repayment plan deadline to October 2025 Mt. Gox, the defunct cryptocurrency exchange, has postponed the deadline to repay creditors by one year, bringing forward the deadline for returning funds to October 31, 2025. According to the official announcement, “there are many rehabilitation creditors who have not yet received repayment without completing the necessary procedures.” The platform was one of the world’s first cryptocurrency exchanges and at one time handled approximately 70% of the world’s Bitcoin transactions. Facing a series of security breaches and unnoticed hacks, it halted withdrawals and eventually collapsed in…
Author: Crypto Flexs
Read More
Governance DAO Proposal passed in June on the Ethereum Layer 2 network decision ARB +0.66% The project, which was meant to “catalyze the growth of the gaming ecosystem” on the network, recently faced scrutiny due to an apparent lack of communication and missed deadlines on several occasions, leading one DAO member to suggest that the funds be withdrawn. The Block previously reported that Arbitrum’s Game Catalyst Program (GCP) was passed in June of this year after being unveiled in March and aims to “immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by builders and players in the gaming community.” We previously…
Former President Donald Trump currently leads Vice President Kamala Harris by 10 points on the Polymarket forecasting platform. This is a drastic twist on the September betting odds.According to recent PolyMarket data, President Trump currently has a 55% chance of securing the Oval Office in November, compared to candidate Harris’s 45%.The former president also flipped Harris’ lead in four of the six swing states and now leads in Arizona, Georgia, Michigan and Pennsylvania. Arizona and Georgia represent the widest victory margins for Republican candidates.Current 2024 election odds. Source: Polymarket.CNBC’s Jim Cramer predicted a Harris victory.While Trump is gradually overtaking Harris…
Ted Hisokawa October 12, 2024 16:52 GeForce NOW releases ‘Diablo IV: Vessel of Hatred’ DLC expanding cloud gaming library. A new sync feature for Battle.net accounts improves the user experience. The anticipated expansion pack, Diablo IV: Vessel of HatredAccording to the NVIDIA blog, it debuted at GeForce NOW. This new downloadable content (DLC) joins the cloud gaming service as part of a lineup of six games added this week. Enhanced Gameplay and New Features that vessel of hate The DLC takes players into the dangerous jungles of Nahantu and introduces a new playable class…
According to on-chain data, Ethereum whales have been engaging in continuous distributions for the past six months, which is not an ideal signal for ETH. The Ethereum cumulative trend score was red for the cohort as a whole. like In a new post on X, analyst James Van Straten points out that the Accumulation Trend Score has been showing a bleak picture for Ethereum recently. Here, “Cumulative Trend Score” refers to an indicator from Glassnode. Whether investors in a particular asset are accumulating. This indicator takes into account the size of the company as well as the net balance changes…
Top news of the week Mt. Gox postpones repayment plan deadline to October 2025 Mt. Gox, the defunct cryptocurrency exchange, has postponed the deadline to repay creditors by one year, bringing forward the deadline for returning funds to October 31, 2025. According to the official announcement, “there are many rehabilitation creditors who have not yet received repayment without completing the necessary procedures.” The platform was one of the world’s first cryptocurrency exchanges and at one time handled approximately 70% of the world’s Bitcoin transactions. Facing a series of security breaches and unnoticed hacks, it halted withdrawals and eventually collapsed in…
Uniswap’s native token, UNI, defied stagnant cryptocurrency markets and surged more than 12% on Thursday as the decentralized exchange (DEX) project announced a new Ethereum (ETH) layer 2 project. Uniswap Labs said its new project, called “Unichain,” aims to promote decentralized finance (DeFi) and liquidity across chains. “Unichain is designed to leverage and accelerate Ethereum’s scaling roadmap, moving execution to L2. In practice, this means that Unichain lowers transaction costs by up to 95% compared to Ethereum L1 in the short term and even lower over time. Unichain will soon introduce a decentralized verification network where nodes can verify blocks.…
Mt. Gox, a defunct cryptocurrency exchange, has postponed its repayment deadline to next year.Mt Gox now plans to repay creditors on October 31, 2025. Previously, the repayment deadline was moved from October 31, 2023 to October 31, 2024.“Because it is desirable to repay the relevant rehabilitation creditors as much as reasonably possible, the rehabilitation administrator received permission from the court and changed the payment deadline from October 31, 2024 (Japan Standard Time) to October 31.” , 2025 (Japan Standard Time),’ the defunct exchange wrote in Thursday’s announcement.The smoke temporarily eased concerns. Bitcoin BTC -0.20% Selling pressure causes the token price…
Craig Wright, the controversial figure who claims to be the creator of Bitcoin, has accused MicroStrategy co-founder Michael Saylor of distorting the true nature of Bitcoin. Wright’s accusations come shortly after Saylor announced that he wants to transform MicroStrategy into a commercial bank for Bitcoin (BTC). In a scathing critique posted to Wright was particularly angry at Saylor for “building so-called ‘Bitcoin banks’ that would serve as the very obstacles Bitcoin was designed to remove.” Saylor recently told Bernstein analysts that MicroStrategy is a “Bitcoin finance company” and its goal is to accumulate $150 billion in Bitcoin holdings. The Tysons…
Yorg Healer October 12, 2024 17:08 Bitcoin staking is gaining traction because it allows BTC holders to earn rewards while participating in DeFi. Learn about the protocol that enables trustless Bitcoin staking. Bitcoin staking is becoming an increasing focus for cryptocurrency enthusiasts as it changes the way Bitcoin holders utilize their assets. According to blog.bitfinex.com, this innovative approach not only allows holders to receive rewards, but also integrates Bitcoin into decentralized finance (DeFi) use cases. Platforms such as Babylon, Build On Bitcoin (BOB), and Stacks are leading this movement by enabling trustless and self-managed…