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
