Cryptocurrency
Mt. Gox Bitcoin Tranche Moved to Bitstamp Exchange
Tuesday. July 23 at 11:00 PM
1 min. readA significant amount of Mt. Gox Bitcoin, valued at $3.2 billion, was transferred to the Bitstamp exchange and an undisclosed wallet. Spot Ether exchange-traded funds have been approved for trading in the US. A crypto advocacy group has urged US Vice President Kamala Harris to embrace blockchain technology. Mt. Gox initiated fund transfers on July 23, moving over 47,500 Bitcoin to unknown addresses. The defunct exchange currently holds around 42,744 BTC worth $2.85 billion. Mt. Gox sent 5,110 BTC to an unknown wallet and Bitstamp. Spot Ether ETFs received approval for trading on major US stock exchanges. Analysts anticipate Ether price sensitivity to ETF inflows. The Digital Chamber advocated for a crypto-friendly stance from potential Democrat nominee Kamala Harris. President Joe Biden's decision not to run for re-election caused market fluctuations, with Bitcoin briefly dropping before recovering.