Mt.Gox moves 47k Bitcoin to new wallet address

Defunct crypto exchange Mt. Gox has transferred over 47,000 Bitcoin (BTC) to two new addresses. According to Arkham Intelligence, two significant transactions occurred on July 23: one for approximately 42,587.49 BTC worth $2.82 billion, and another for 5,110.16 BTC directed to its cold storage.

These moves are part of Mt. Gox's plan to reimburse creditors for $9 billion in Bitcoin. Prior to this, Mt. Gox conducted smaller transfers on July 22 as tests. Bitstamp, acting as a trustee, received 2,238.87 BTC worth $150 million on July 23, indicating preparations for fund distribution alongside other platforms like Kraken, Bitbank, and SBI VC Trade. Japanese platforms had previously distributed funds upon receipt, with BitBank users confirming payouts on July 4.

Binance Start Delisting Crypto Pair

Binance, the world's largest cryptocurrency exchange, has announced a major update to its offerings. The platform intends to delist several crypto trading pairs, including those involving prominent cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as lesser-known tokens such as AI, CHR, GAS, and LQTY. 

This unexpected decision has raised concerns among investors and traders, who are now speculating about the potential impact on cryptocurrency prices and overall market sentiment.

Central Bank of Bahamas CBDC Integrations

To promote the adoption of its central bank digital currency (CBDC), the "Sand Dollar," the Bahamas has set a two-year timeline to integrate it into commercial bank operations. John Rolle, the Governor of the Central Bank of The Bahamas, announced plans to establish the necessary regulations and ensure that all commercial banks provide access to the CBDC for their clients. 

This initiative aims to enhance the usability and accessibility of the Sand Dollar, encouraging broader use among the Bahamian population.