Kraken has announced the receipt of funds from the Mt. Gox Rehabilitation Trustees on July 16th. This marks a significant step towards compensating those impacted by the historic collapse of the Mt. Gox exchange a decade ago. In an email to the affected parties, the exchange said it plans to begin distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to affected users within the next seven to 14 days. Distribution Plan for Mt. Gox Funds According to Kraken’s email, the amount...
Read More »Bitcoin Mining Difficulty Plummets 7.8% in Largest Drop since FTX Collapse
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Read More »QCP Capital Predicts ‘Subdued’ Bitcoin Performance As Mt. Gox Payouts Loom
After a decade of waiting, July might finally bring restitution to the users of the now-defunct Mt. Gox exchange. However, it appears that market players are on edge regarding the distributions and fear further sell-offs. It is important to understand that Bitcoin has already been on a decline since the beginning of June and has failed to build a meaningful upward momentum despite modest ETF inflows. On July 3rd, the price fell under $60,000 briefly followed by a slight...
Read More »Bitcoin Cash (BCH) Price Nosedives after Mt. Gox Repayment News but There Is Catch
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Read More »Crypto Stocks Tumble in Premarket as Bitcoin Continues to Slide
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Read More »Bitcoin and Ether Options Expiry Looms, What’s Next for Crypto?
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Read More »More Details About the Mt. Gox Bitcoin Repayments: What’s Next?
The defunct cryptocurrency exchange Mt Gox has finally commenced creditor repayments ten years after filing for bankruptcy. According to an announcement from the Mt Gox Rehabilitation Trustee, the defunct estate distributed bitcoin (BTC) and Bitcoin Cash (BCH) payments to some creditors on July 5 through designated crypto exchanges linked with the repayment plan. Mt Gox Begins Repayments The Mt Gox trustee will continue repaying other creditors when certain conditions are...
Read More »Number of Bitcoin Wallets Holding 10+ Coins Hits All-Time High
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Read More »Bitcoin-Rückzahlungen: Bitcoin-Börse Mt. Gox beginnt heute mit Rückzahlungen
Die Kryptobörse Mt.Gox wickelte 2013 knapp 60 Prozent des globalen Bitcoin-Handels ab. Die Bitcoin-Börse Mt. Gox war einst der dominanteste Handelsplatz für Kryptowährungen. 2010 als erste Börse gegründet, wurde zeitweise über 70% des Bitcoin-Volumens über Mt. Gox abgewickelt. Die plötzliche Insolvenzanmeldung im Jahr 2014 traf die damals junge Krypto-Branche deshalb tief. Die Börse gab an, dass ein Angreifer etwa 850’000 Bitcoin (BTC) stahl. 150’000 Bitcoin – heute neun...
Read More »JPMorgan Analysts: Mt. Gox Repayments Might Trigger Market Slump
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