More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate the same, but withdrawals are only affecting...
New $3 Trillion Coronavirus Relief Bill: Second Stimulus Checks Could Be Coming to Americans
Americans could be getting their second stimulus checks as a new coronavirus relief bill has been introduced. It includes more direct payments of up to $6,000 per household. The new bill is expected to cost more than $3 trillion, making it the biggest emergency relief package in U.S. history. $3 Trillion Coronavirus Relief Bill U.S. House Speaker Nancy Pelosi unveiled Democrats’ latest coronavirus relief bill called the Health...
17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange
About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed monitor, the bulk of the claims submitted stem from bitcoin (BTC) deposits that users of the exchange held on the platform. More than 24,436...
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm Glassnode explains that the Bitcoin blockchain’s health “remains strong” after...
Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution
Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US but globally. Telegram Discontinues TON Blockchain and Cryptocurrency Project Telegram founder and CEO Pavel Durov announced on Tuesday his decision regarding the Telegram Open Network...
