MicroStrategy Now Holds 226,500 BTC, Mt.Gox has paid compensation for the total cost of 17,000 customers out of 24,000

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

July 30, 2024

MicroStrategy Now Holds 226,500 BTC

MicroStrategy Announces Second Quarter 2024 Financial Results; Now Holds 226,500 BTC. Read more

July 30, 2024 In July, scammers stole $270.9 million worth of cryptocurrencies.

Combining all the incidents in July we’ve confirmed ~$270.9m lost to exploits, hacks and scams after ~$7.8m was returned. Read more

July 31, 2024 Mt.Gox has paid compensation for the total cost of 17,000 customers out of 24,000

Following repayments on July 5, 16 and 24, 2024, on July 31 2024, the Rehabilitation Trustee made repayments in Bitcoin and Bitcoin Cash. Read more

August 2, 2024 Unemployment in the United States rose to 4.3% in July

Unemployment in the United States rose to 4.3% in July, leading to the largest daily stock market sell-off since the coronacrisis due to fear of recession. Read more

August 3, 2024 Genesis has started distributing about $4 billion to creditors.

Genesis Global, a cryptocurrency lender, and its affiliated companies have completed their bankruptcy restructuring process. As a result, they have started distributing approximately $4 billion in digital assets and cash to their creditors. Read more

 

As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team

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Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.