CRYPTO

Authored by Savannah Fortis via CoinTelegraph.com,

Nine years ago on July 30, the Ethereum network launched, sparking a revolution in the decentralized space. 

In 2015 Vitalik Buterin and a team of visionary developers introduced the concept of smart contracts via Ethereum, which forever changed the blockchain landscape by enabling decentralized applications (dApps) to be built on its platform.

Unlike Bitcoin, which primarily served as a digital currency until the (more…)

Authored by Zoltan Vardai via CoinTelegraph.com,

Nearly half of the Bitcoin owed to Mt. Gox creditors has been distributed, but after a decade of waiting, many creditors are still holding onto their coins.

Over 41.5%, or 59,000 Bitcoin from the total of 141,686 BTC, has been redistributed to creditors of the defunct Mt. Gox exchange.

Despite receiving nearly $4 billion worth of Bitcoin, the Mt. Gox creditors aren’t selling, according to a July 29 Glassnode report.

BTC: Mt. Gox Trustee Outflows. Source: Glassnode

Over $9.4 billion worth of Bitcoin was owed to approximately 127,000 Mt. Gox creditors who have been waiting for over 10 years to recover their funds – threatening significant sell pressure that could tank Bitcoin’s (more…)

Something odd just happened in crypto-land…

The Grayscale Bitcoin Trust ETF (GBTC) suddenly crashed 11%…

…completely decoupling from the underlying bitcoin price…

GBTC has seen almost constant serial outflows (while the rest of the ETF patch has seen inflows)…

As CoinTelegraph reports, asset management firm Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether exchange-traded funds (ETFs) combined. (more…)