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U.Today Crypto News Digest
Valeria Blokhina
U.Today News helps you take a closer look at the latest events in the cryptocurrency industry
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Don’t miss anything happening in the cryptocurrency world with U.Today’s top three stories from the last day.
Mt. Gox has started sending $2.4 billion in Bitcoin (BTC)
According to a recent send by Lookonchain, YesterdayOn July 16, the defunct Mt. Gox exchange transferred 44,527 BTC worth $2.84 billion to an internal wallet. The most likely reason behind this move by the exchange is its preparation to return funds to those who fell victim to the infamous 2014 hack. Later that day, Mt. Gox was spotted moving 48,641 BTC worth $3.1 billion for the Kraken exchange. This development confirms the aforementioned theory of an imminent comeback, considering that Mt. Gox has chosen Kraken as one of the exchanges to help distribute the lost BTC to creditors. Meanwhile, the movement of such large amounts of Bitcoin has sent shockwaves throughout the market, resulting in rapid spikes in volatility in the BTC price. Following the transactions, Bitcoin quickly dropped from around $65,000 to $63,315; however, the flagship cryptocurrency has managed to return to the $65,000 level, where it is currently trading.
Shiba Inu Shibarium Skyrockets With 450% New Users
Data from Shibariumscan proves that yesterday the number of new accounts on Shibarium, Shiba Inu’s layer-2 solution, increased by 450%; while the day before, this metric was only 6; in the next 24 hours, it reached 27. The surge in new users signals the growing popularity of the network. In addition, there was a 23% increase in the total number of active accounts, from 489 to 602. The increase in new users occurred simultaneously with the increase in the amount of tokens paid as fees via BONE. Thus, transaction fees increased from 19.31 BONE to 40.14 BONE. Against the backdrop of the influx of new accounts and higher transaction amounts, the network’s transaction activity also increased. Thus, the number of transactions rose to 4,319 per day, which is 35.6% more than the day before.
Ripple Is Hiring ‘Much Less’ in the US, Garlinghouse Says
Author: Brad GarlinghouseRipple CEO Garlinghouse made an appearance at Fortune’s flagship Brainstorm Tech Summit on Tuesday, July 16. Among other things, Garlinghouse spoke about the company’s hiring strategy, mentioning that 75% of Ripple’s hires had not occurred in the United States over the past two years. “It’s a sad reality,” he added. The CEO also said that 95% of Ripple’s customers are not from the U.S. According to Garlinghouse, the company has experienced a high level of employee turnover following the SEC lawsuit filed against Ripple in December 2020. However, the company has managed to achieve record growth numbers since expanding outside of the U.S. “The products that we sell, the solutions that we’re enabling are very global,” Garlinghouse explained.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrencies are the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.