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Mt. Gox out-of-address transfer today unlikely to be the start of redemption

Alex Thorn, Head of Research at crypto trading firm and asset manager Galaxy, said: "Mt. Gox's outward transfer of 47,228 BTC is not expected to be the start of the redemption. The address that received the funds is in P2PKH (pay-to-public-key-hash) format, whereas the redemption funds will be distributed using P2SH (pay-to-script-hash) or Bech32, which is the latest trend," said Alex Thorn, Head of Research at Galaxy. "We believe there are more holders than sellers among Mt. Gox creditors. The German government is also dumping into the market, but the market will overcome this overhang (potential selling volume) and eventually the bad news will be resolved."

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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