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Bitcoin may head towards $50,000 as Mt. Gox prepares crypto repayment
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Wired - Tech
After a 10-Year Wait, Mt. Gox Bitcoin Is Finally Being Returned
Former customers of bankrupt crypto exchange Mt. Gox are preparing to be reunited with their lost bitcoin—and it’s a $9 billion windfall.Crypto -
CNBC - Business
Over $170 billion wiped off cryptocurrencies as market tanks on Mt. Gox bitcoin payout fears
Cryptocurrencies plunged on Friday as investors get anxious about the planned payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox.Crypto -
CNBC - Business
Mt. Gox begins repaying bitcoin to creditors a decade after exchange's collapse. What it means
Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, said Friday it has begun making repayments to creditors. -
NBC News - Top stories
Mt. Gox begins repaying bitcoin to creditors a decade after exchange's collapse. What it means.
The trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors. -
BBC News - Top stories
Hurricane Beryl heads towards Mexico and the US
The National Hurricane Center forecasts the storm will hit the Yucatan Peninsula before heading towards Texas.Mexico -
CBS News - Top stories
Some Texans evacuate as Beryl heads toward coast
Some Texans who live along the Gulf Coast are evacuating as Tropical Storm Beryl makes its way toward the Lone Star State. The storm is expected to regain hurricane strength before making landfall. Jason Allen has the latest. -
CNBC - Business
The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
For weeks, Germany's government has been selling hundreds of millions of dollars worth of bitcoin, placing pressure on the world's largest cryptocurrency.Crypto -
ABC News - Top stories
Hurricane Beryl strengthens to Category 3 as it heads toward Yucatan Peninsula
Hurricane Beryl has strengthened to a Category 3. -
The New York Times - Top stories
The Hyper-Focus on the Amyloid Hypothesis for Treating Alzheimer’s May Have Slowed Progress Toward a Cure
The hyper-focus on one theory for treatment has slowed progress.
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MarketWatch - Business
Stock-market breadth may have already peaked with investors ‘sniffing out economic weakness’
The divergence between winning stocks and the rest of the market may reflect market participants “sniffing out economic weakness that will overpower the implied rate cuts,” says a top technical analyst. -
MarketWatch - Business
Are 70% discounts on office buildings enough? Billionaire investor Howard Marks isn’t sure.
The legendary Oaktree Capital investor sees a reckoning ahead for commercial real estate and highly leveraged companies. -
MarketWatch - Business
Money is the ‘tip of the iceberg’ in assessing big donors’ political influence, study finds
Money isn’t everything when it comes to the top political donors, according to a recent working paper circulated by the National Bureau of Economic Research and co-authored by researchers from Cornell University and Sapienza University of Rome. -
MarketWatch - Business
Serena Williams once tried to deposit a $1 million check at her bank’s drive-thru. Here’s why you can’t do that.
Large deposits do not go unnoticed by financial institutions — and for good reason, experts note. -
MarketWatch - Business
Investors trying to pull money out of commercial real-estate funds are hitting a wall
The plight of investors looking to pull money out of commercial real estate funds has gone mainstream.