Altcoin Alerts

🔔 JUST IN: Mt. Gox Trustee Started Repayment to Creditors ! On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient. ▶️ Check More Details Here: https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf

🔔 JUST IN: Bitcoin fells below $54,000, Made Daily Low of 53,329 !

🔔 KuCoin Adds 7.5% Tax for Nigerian Users Due to 'Regulatory Update' ! Nigeria's cryptocurrency sector is undergoing regulatory changes, highlighted by KuCoin's introduction of a 7.5% VAT on transaction fees starting July 8, 2024. This move aligns with the 2023 capital gains tax on digital assets. The Securities and Exchange Commission's call for crypto businesses to re-register aims to formalize the industry, potentially influencing investor sentiment and market operations in Africa's leading crypto market. ▶️ Check More Details Here: https://x.com/KuCoinAfrica/status/1808460272807399650

🔔 German MP Urges Government to Cease Bitcoin Sales ! Joana Cotar, an independent Bundestag member, urged the German government to stop its Bitcoin sales, calling them "counterproductive." She invited officials to a lecture with Bitcoin evangelist Samson Mow on Oct. 17. ▶️ Check More Details Here: https://x.com/JoanaCotar/status/1808888782738911614

🔔 Justin Sun Proposes $2 Billion Bitcoin Purchase from Germany to 'Minimize' Market Impact ! Tron founder Justin Sun has offered to buy $2.3 billion in seized Bitcoin from the German government off-market to prevent further market disruption. Recent transfers by Germany caused Bitcoin's price to drop to $56,892.53. ▶️ Check More Details Here: https://x.com/justinsuntron/status/1808828661401072092

🔔 Bitcoin Liquidations Reach $91.7 Million, Including $78 Million in Long Positions ! Over $91.7 million in leveraged Bitcoin positions were liquidated in the past 24 hours, raising concerns of a potential correction to $50,000. The liquidations, mostly long positions, followed three days of price declines from over $62,000 on July 2 to a low of $56,930 on July 4. Bitcoin has since rebounded to above $57,900 but remains down over 4.5% for the day. ▶️ Check More Details Here: https://www.coinglass.com/LiquidationData

🔔 SEC Seeks Dismissal of Retailer's Crypto Lawsuit Over 'Phantom' Policy ! The SEC has asked a judge to dismiss a lawsuit from Beba and the DeFi Education Fund, which seeks to confirm that Beba's token airdrop is not a security. The SEC argues the suit is premature and based on a non-existent policy, as Beba and DEF failed to cite any official SEC rule or action. ▶️ Check More Details Here: https://cointelegraph.com/news/sec-claims-preemptive-airdrop-suit-used-phantom-crypto-policy

🔔 BitMEX Introduces Memecoin Basket Index Tracking Top 10 Memecoins ! BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, offering traders exposure to the top 10 memecoins with up to 25x leverage. This contract simplifies trading by combining multiple memecoins into one instrument, similar to the S&P 500, and is rebalanced monthly for optimal performance. ▶️ Check More Details Here: https://x.com/BitMEX/status/1808712735213171029

🔔 Authy 2FA App Leak Exposes Phone Numbers, Potentially Enabling Text Phishing ! Hackers accessed the Authy Android app database, exposing user phone numbers, according to Twilio. While accounts remain secure, users are advised to be cautious of potential phishing attacks. Authy, used for two-factor authentication on platforms like Gemini and Binance, has addressed the breach and ensured that authenticator codes are unaffected. The ShinyHunters group is suspected of the attack. ▶️ Check More Details Here: https://www.twilio.com/en-us/changelog/Security_Alert_Authy_App_Android_iOS

🔔 Federal Court Orders Oregon Man to Pay $83 Million in Restitution for Fraud Victims ! A federal judge ruled in favor of the CFTC against Sam Ikkurty and his companies for running a Ponzi scheme, ordering over $120 million in restitution and disgorgement. Ikkurty misled investors about profits from digital assets and misappropriated funds via a carbon offset program. The CFTC warns that recovery of lost funds may be difficult. ▶️ Check More Details Here: https://www.cftc.gov/PressRoom/PressReleases/8931-24