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Bitcoin Drops As Mt. Gox Starts Repaying Creditors $9 Billion After 10-Year Bankruptcy

[UPDATE] Bitcoin Drops as Mt. Gox Starts Repaying Creditors $9 Billion After 10-Year Bankruptcy

Bitcoin dropped 5.2% to $54,313 due to concerns over Mt. Gox's $8-9 billion Bitcoin repayment and other market sentiments that have contributed to increasing market supply and volatility.


Union Demands Shake Samsung as Three-Day Strike Begins

Samsung Electronics could potentially be shaken up by workers, represented by the NSEU, going on a three-day strike in South Korea for better pay and conditions.

Wall Street Sees Election as Threat to Now-Normal US Economy

Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.

TikToker Lai Yi Jing Exposes Scammer Promising $9,000 in Return for Sexual Photoshoot Involving 50 Men

A Singapore TikToker's viral video warns women about a scam offering $9,000 for a sexually suggestive photoshoot involving 50 men.


Latest News

Philippines’ Jobless Rate Increases to 4.1% in May, Official Statistics Say
The unemployment rate in the Philippines was recorded at 4.1% as more Filipinos join the workforce and the labor market, while the underemployment rate decreased to 9.9% in May compared to 14.6% in April, the lowest it has been since 2005.
Elon Musk's SpaceX Is Reportedly Harming Local Bird Habitats in Texas
Elon Musk's SpaceX is under scrutiny for its operations at the Starbase facility in Boca Chica, Texas.
Donald Trump's Son Eric Trump to Pursue More Gulf Deals Amid His Father’s Re-Election Bid
Eric Trump has reportedly revealed the Trump Organization's intentions to expand its real estate and hospitality ventures in the Middle East, even as his father, former President Donald Trump, seeks re-election.
Colorado Man Convicted of Cryptocurrency Theft, Ordered to Pay $2.1 Million in Damages
A Colorado man was sentenced after pleading guilty to stealing millions of dollars in cryptocurrency from a woman in Pennsylvania.
Epic Games Vows to Dispute Apple's User Interface Change Demand
Epic Games has announced its intention to challenge Apple's demand regarding changes to its user interface.
Guaranteed Basic Income: New Parents in California City to Receive $500 a Month
A California city is implementing a guaranteed basic income pilot, providing new parents with $500 monthly to support families.
TSMC Shares Rise Despite Expectations of Tighter 2025
Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.
Student Loan Forgiveness: Biden Administration Announces $7.7 Billion Relief for 160,000 Borrowers
This guide provides essential information and tips for new borrowers to understand how student loans work and navigate the borrowing process effectively.
US National Debt on Pace to Reach Record-Setting Level in the Next 4 Years
The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.
Boeing Firefighters Approve New Contract Deal With Big Pay Hikes, Ending Weeks-Long Lockout
Boeing would reportedly plead guilty to one count of conspiracy to defraud the US and pay up to $487 million in penalties to avoid prosecution.