The Latest Crypto News You Might Have Missed – July
The post The Latest Crypto News You Might Have Missed – July appeared on BitcoinEthereumNews.com.
Top of the Latest Crypto News of This Week Mt. Gox Starts Repayments in Bitcoin and Bitcoin Cash Summary Defunct crypto exchange Mt. Gox has started repaying its customers in Bitcoin and Bitcoin Cash, ending a nearly decade-long wait following a major hack in 2014. Details On Friday, Mt. Gox, once the world’s leading crypto exchange, announced that it has begun repaying customers, marking the end of a nearly 10-year wait for many users to recover their funds. The company, which handled over 70% of all Bitcoin transactions in its early years, filed for bankruptcy in 2014 after a hack resulted in the loss of approximately 740,000 Bitcoin. The announcement has added selling pressure on Bitcoin and the broader crypto market. After Mt. Gox revealed its intention to start repayments in July, Bitcoin’s price plunged to as low as $53,600, its lowest in five months. This sharp decline led to the liquidation of over $580 million in bullish bets. Some customers may experience delays of 60-90 days before receiving their payouts. Exchanges approved by the trustee to process repayments include Bitbank, BitGo, Bitstamp, Kraken, and SBI VC Trade, a Japanese exchange. Source: CoinDesk Top of the Latest Cryptocurrency News on DeFi ConsenSys Acquires Wallet Guard to Boost MetaMask User Protection Summary ConsenSys, the Ethereum development firm behind the MetaMask Wallet, has acquired the Web3 security app Wallet Guard to enhance user protection against hacks and scams. Details ConsenSys, the developer behind the widely used MetaMask Wallet, has acquired Wallet Guard, a Web3 security application, to enhance MetaMask’s security features. This acquisition aims to provide MetaMask users with an additional layer of protection against potential hacks and crypto scams. According to a press release, ConsenSys will utilize Wallet Guard’s security technology, which offers real-time detection of scams and wallet drainers, to safeguard its MetaMask users. The integration includes Wallet Guard’s…
Filed under: News - @ July 9, 2024 6:24 am