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Mt Gox creditor Eric Wall has dismissed ongoing rumors that the infamous crypto exchange is disbursing BTC. Wall, who functioned as CTO of crypto investment company Arcane Assets, revealed this in a recent Twitter thread. Rumors of a BTC Dump Nearly 10 years ago, Mt Gox crumbled following a hack that saw it lose 850,000 Bitcoins. The team later announced that they had shut down the platform’s services and filed for bankruptcy. However, not long after several angry clients kicked…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $967 billion. Bitcoin has dropped by over 6% this week. Ethereum lost almost 9% over the past seven days. XRP is down by nearly 3% this past week. Almost all altcoins are trading in the red, with few exceptions. The DeFi sector decreased the total value protocols (TVL) to around $34 billion. Crypto Trends…

According to a recent report, in his affidavit, Su Zhu, co-founder of bankrupt crypto hedge fund, Three Arrows Capital, expressed worries about potential jail time. Zhu delivered his affidavit in Thailand earlier this month, noting his concerns and sharing some other thoughts. Zhu Concerned a Prison Sentence Might Be on the Way Earlier this year, 3AC was caught in the crossfire of the Terra crash leading the firm to a messy demise of its own. In late June, a court…

According to founder Charles Hoskinson, the Cardano blockchain network is set to undergo its Vasil hard fork upgrade in September. Hoskinson revealed this in a video yesterday where he discussed the forthcoming upgrade.  If No Major Bugs Show Up, Vasil Could Go Live in September At the moment, the Cardano devs are working alongside the community and running tests on node version 1.35.3. As Hoskinson noted, the team is using a lot of community infrastructure for the upgrade. However, he…

Coinbase – America’s largest cryptocurrency exchange – has updated its statement detailing its approach to Ethereum’s upcoming Merge. The firm has now clarified that it's willing to list a possible forked version of ETH at the exchange. The statement, uploaded last week, was revised on Thursday to reflect Coinbase’s commitment to creating a “level playing field” for all assets. Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other…

Baro Virtual – an analyst from the blockchain analytics platform CryptoQuant – suggested that Bitcoin miners may be signaling another Bitcoin pullback. Data shows that Bitcoin miners have been reducing their Bitcoin positions since August 8th. As BaroVirtual pointed out, this has put their net balance back in the negative zone. In the short-term, he believes this is “not good.” “You may notice that in previous times when miners' balance was reduced, BTC tended to decline to free fall or…

A recent Forbes study of 157 crypto exchange platforms claims over half of all operations involving king crypto BTC are fake.  Wash Trading One of Bitcoin’s Worst Criticisms Since the inception of the crypto space, Bitcoin has retained its position as the world’s leading digital asset. With a market cap nearing $400B the token comprises a noteworthy ~40% of the $1T global market cap of all cryptocurrencies.  BTC has begun to experience rising levels of institutional adoption. With more than…

Major crypto exchange Binance will halt operations involving Ether (ETH) and ERC-20 tokens during the Ethereum network’s forthcoming upgrades, according to an official release. Binance cited the possibility of a hard fork and explained that the move is to ensure the safety of user funds in such a scenario. Binance to Close Withdrawals and Deposits to Protect Customers Ethereum is set to carry out its transition to the proof-of-stake Beacon chain in September. This event, dubbed the Merge, has seen…

Whale movements and analysts suggest that ETH could dip during and after the Merge   While excitement builds towards the Ethereum Merge date which is less than a month away, market anticipation hasn’t been convincingly positive. As a matter of fact, according to recent data, sellers might be pining for the Merge rather than stacking up.  Whale Movements Suggest Possible Drop in Ether Price According to data from blockchain analytics  Santiment, previous bullish build-up prior to the Merge appears to…