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Mt. Gox moves $2.8 billion in Bitcoin as price hits $100,000
Mt. Gox's extended compensation timeline raises concerns about potential market effects from unsold Bitcoin holdings. Key Takeaways Mt. Gox moved 27,871 Bitcoin worth $2.8 billion amidst pending compensation claims. The payout timeline for creditors has been extended to October 31, 2025. A wallet associated with Mt. Gox just moved 27,871 Bitcoin, worth approximately $2.8 billion, with over 24,000 BTC ($2.4 billion) sent to an unidentified address, according to data from Arkham Intelligence. The transfer came amid Bitcoin’s ascent to the historic $100,000 mark. The defunct crypto exchange retains roughly 39,878 BTC, valued at $4.1 billion in its wallet. The latest...
Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal
Bitcoin’s price correction across multiple timeframes reveals short-term bearish pressure while maintaining a bullish outlook in the long term. Bitcoin Bitcoin’s (BTC) recent price action highlights a bearish correction across short-term timeframes, while the broader trend remains bullish, with key levels dictating potential opportunities for traders. BTC/USD 1-hour chart via Bitstamp on Nov. 24, 2024. The hourly chart reveals a short-term bearish trend for bitcoin, with price action oscillating between $96,556 and $97,118. Increasing selling volume and consecutive red candles indicate a dominant bearish sentiment. A small green candle hinted at a reversal, but the lack of follow-through confirmed the...
Trading of Jahez shares suspended ahead of TASI transition
Logo of Jahez International Company for Information Systems Technology The Saudi Exchange (Tadawul) will suspend trading in Jahez International Co. for Information Systems Technology shares from Dec. 5, 2024, for up to five sessions to complete its market transition. Tadawul will announce the listing date and trading start on the main market once the process is complete, according to a statement. For more news on listed companies In November, Tadawul approved Jahez’s request to transition from the Nomu-Parallel Market to the Main Market (TASI), according to Argaam’s data. Jahez debuted on Nomu in January 2022 with a capital of SAR...