July 24, 2024
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Bitcoin News

Arkham Denies Buggy Mt. Gox Alerts to Blame for 7% Bitcoin Price Crash.

On April 26, the price of Bitcoin $29,176 plummeted by about 7% in a single hour, dropping from $29,850 to $27,789. According to media reports, this was because blockchain analytics company Arkham Intelligence erroneously sent out a warning that wallets connected to Mt.  Gox and the U.S. government had started moving sizable amounts of Bitcoin. 

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Bitcoin News

U.S. Government’s $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips

U.S. authorities moved $1 billion in bitcoin (BTC) acquired from a dark web breach to new wallet addresses on Wednesday, including one controlled by Coinbase, fueling investor concerns that strong sell pressures might cause the token’s price to drop. According to data from blockchain security company PeckShield, authorities transferred the bitcoin across three transactions. Over

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