Tag: mt gox

Aug 29 2022

Will The 140,000 BTC From Mt Gox Flood The Market Soon?

Aug 29 2022 Published at Bitcoinist.com under tags  bitcoin btc btc repyament btcusd mt gox

The Mt Gox case had finally reached a settlement agreement back in 2021, and the BTC owed to creditors is finally ready to be paid out. There are now 140,000 BTC in total that is meant to go to the creditors, which has been a source of joy for those who lost money to the now-defunct crypto exchange. However, given the sheer size...

Jul 11 2022

Binance’s CZ Rubbishes Rumors Over Mt Gox Bitcoin Impact

Jul 11 2022 Published at Coingape under tags  binance mt gox news

After Mt. Gox Trustee's announcement last week that they would repay its creditors, there was speculation around Bitcoin crash. There was widespread fear in the crypto community that the returns would bring Bitcoin price down in a freefall. However, there is an opposing argument that long term Bitcoin holders would not choose to sell their...

Jul 07 2022

142,000 Bitcoin Could Be Dumped As Creditors Eye Mt. Gox Repayment

The Mt. Gox rehabilitation trustee asked creditors to choose between bitcoin, cash or Bitcoin Cash to receive repayment, risking pressuring the market further.Creditors could offload a total of nearly 142,000 bitcoin into an already stressed market.The rehabilitation trustee will restrict creditors in moving funds for a period.Over 700,000 BTC were drained in the Mt. Gox implosion in...

May 12 2022

Reminder: Withdraw Your Bitcoin Off Exchanges

Needless to say, as it stands today and has stood since the first bitcoin exchange was launched, your bitcoin is not safe on the exchanges.The below is a direct excerpt of Marty's Bent Issue #1207: “Reminder to get your bitcoin off the exchange”...

Mar 29 2022

Mt.Gox’s Strategy to Reward Those Affected By Its Bankruptcy

Mar 29 2022 Published at Altcoin Buzz under tags  cryptocurrency news mt gox nft

The former chief executive of the crypto exchange, Mt.Gox, plans to launch a commemorative nonfungible token (NFT) collection. Mark Karpelès, the former head of Mt.Gox, the now-defunct Bitcoin exchange, announced that he would be airdropping an NFT collection to customers who operated from 2010 to 2014. In this...

Mar 22 2022

Everything We Know About Netflix’s “Trust No One: The Hunt for the Crypto King”

It’s about time Netflix’s true crime unit turned its eye to cryptocurrencies. In the tradition of “The Tinder Swindler,” “Crime Scene: The Vanishing at the Cecil Hotel,” and “Abducted in Plain Sight,” a new documentary will have people talking soon. This time, Netflix will tell the story of QuadrigaCX, a cryptocurrency exchange with something to hide. Did Gerry Cotton fake his own death...

Feb 24 2022

700,000 Bitcoin Lost Eight Years Ago Today: Learning From The Fall Of Mt. Gox

Feb 24 2022 Published at Bitcoin Magazine under tags  culture exchange feature hack holiday

On February 24, 2014, infamous bitcoin exchange Mt. Gox went offline after 744,000 BTC — worth billions of dollars today — was stolen.Today marks the eighth anniversary of the fall of Mt. Gox, the once-popular online exchange that at one point accounted for the majority of all Bitcoin transactions.Tokyo-based Mt. Gox, whose domain (MtGox.com) was...

Jun 24 2021

Judge Rejects Class Certification In Lawsuit Over Mt. Gox Hack

In the latest legal development around victim attempts to recover funds from bitcoin exchange Mt. Gox, a judge denied class certification.In the latest legal development around the 2014 hack of Mt. Gox, perhaps the most notorious bitcoin exchange event in history, a federal judge in the U.S. has rejected a bid for class certification from victims.“An Illinois federal judge … rejected...

Mar 19 2021

Breaking: Foretress Group Set to Make Early Payout to Mt. Gox Creditor’s Claims

Mar 19 2021 Published at Coingape under tags  bitcoin bitcoin news mt gox news

Fortress Investment Group has reportedly agreed to payout creditor claims of defunct Bitcoin Exchange Mt.Gox after years of court proceedings. The said bailout would be less than what these creditors can claim under a trustee- backed proposal set for a vote in October. However, due to continued delays and backouts by trustees, creditors are left with not much of an option. The rehabilitation plan...

Jan 17 2021

Today in Crypto: Kraken Delists XRP, BlackRock Sells Major Stake in Chinese Telecom & More

Jan 17 2021 Published at Coingape under tags  altcoin news bitcoin bitcoin news btcbusd btcdai

The crypto world saw many ups and downs throughout the past week as Bitcoin price volatility saw a couple of major dips as well as recovery post the infamous...

Dec 15 2020

Mt Gox Creditors’ Wait Nearly Over as Trustee Announces Rehabilitation Plan

Dec 15 2020 Published at CoinDesk under tags  business exchanges japan mt gox news

Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. See also: Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal

Mt. Gox Hack – 150,000 BTC May Get Sold In The Market!

Dec 15 2020 Published at Altcoin Buzz under tags  btc hacking mt gox technical analysis

The Mt. Gox Japanese exchange, which made headlines in 2014 when it lost over 850,000 bitcoins, is once again in the news. In 2014, Mt. Gox filed for bankruptcy with millions of dollars worth of cryptocurrencies to be paid back to its users. Mt. Gox was the largest exchange in the world, and it used to handle almost 70% of all BTC trades...

Dec 14 2020

Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

Dec 14 2020 Published at CoinDesk under tags  bitcoin markets mt gox news

Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.

Dec 10 2020

Four Frightening FUD Filled Factors Bitcoin Investors Should Beware Of

Dec 10 2020 Published at Bitcoinist.com under tags  astrology bitcoin btc btcusd btcusdt

Bitcoin price is clinging on to $18,000 after setting a new all-time high but failed to make it through psychological resistance at $20,000. Market participants are always searching for a reason for a trend change and often look to negative news or events that create FUD – fear, uncertainty, and doubt. And although 2020 has been the most bullish year yet for Bitcoin...

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