Month: July, 2024

Cryptocurrency

Mt. Gox moves Bitcoin worth nearly $2.8 billion

Mt.Gox has moved over 44,500 BTC worth over $2.8 billion to an internal wallet. The price of BTC fell slightly after the transfer, retreating to around $62,835. On-chain data shows a wallet linked to Mt. Gox has just moved more than $2.8 billion worth of Bitcoin. The huge transfer comes as Bitcoin price looks to…

Cryptocurrency

StarkWare verifies first zero-knowledge proof on Bitcoin

StarkWare has verified the first zero-knowledge (ZK) proof on the Bitcoin. It’s part of the core Starknet developer’s plans to scale Bitcoin for mass adoption. StarkWare has achieved a historic feat by completing the first zero-knowledge proof verification on the Bitcoin network, according to the details posted on X on Wednesday. The blockchain developer revealed…

Cryptocurrency

Swan Bitcoin halts IPO plans and shuts down mining operations

Swan Bitcoin delays IPO plans due to shutdown of its mining operations. CEO cites reduced revenue from mining as reason for halting IPO efforts. Mining sector faces challenges, with firms like Bitfarms and Northern Data adapting. Swan Bitcoin, a financial services firm specializing in Bitcoin investments, has announced a significant strategic shift. Cory Klippsten, the…

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