Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses. Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham Intelligence. Bitcoin Transferred to New Wallets Spot On Chain’s data shows the platform initially moved 30,371 BTC to a wallet starting with 1FG2…Rveoy. It then…
Mt. Gox moved 32,371 Bitcoin to two wallets, amounting to $2.19 billion The movement follows the transfer of 500 Bitcoin worth more than $35 million In October, Mt. Gox announced it was pushing its repayment deadline to October 31, 2025 Defunct crypto exchange Mt. Gox has moved another $2.19 billion to two unmarked wallets, according…
Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to…
November 5, 2024 at 01:50 PM GST updated: November 5, 2024 at 11:07 AM 2 mins read News Mt. Gox transfers $2.2B in Bitcoin to unmarked wallets, raising speculation on repayment and market impact. Creditors face extended delay until 2025, easing immediate concerns of a major Bitcoin sell-off on the market. Large Mt. Gox Bitcoin…
Bitcoin (BTC) fell over 5% to around $68,779, down from $72,500, in the past 24 hours. The defunct Mt. Gox exchange transferred 500 BTC, valued at $35 million, to unknown addresses. Bitcoin (BTC) dropped to the $69K zone, losing more than 5% in the last 24 hours, following fresh movements of Bitcoin associated with the…
Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for…
China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts has prompted capital rotation into alternative assets like BTC. Adding to the momentum, rising odds for…
QCP Capital analysts have noticed a significant rise in bitcoin (BTC), comparing it to similar patterns seen before past U.S. elections. Their latest report delves into the influence of historical price movements, current market dynamics, and upcoming events on the cryptocurrency’s future course. QCP Capital Eyes Bitcoin’s Election-Year Rally Potential In its latest review, QCP…
The defunct exchange had an original repayment deadline of October 31, 2024 Mt. Gox said the delay was down to creditors not completing the repayment steps and issues arising from the repayment process In 2024, Mt. Gox collapsed following a security breach, resulting in the loss of 850,000 Bitcoin Defunct crypto exchange Mt. Gox has…
Nobuaki Kobayashi, the trustee in charge of overseeing Mt Gox’s remaining assets, has pushed back the deadline for creditor repayments by a year, now set for Oct. 31, 2025. Mt Gox Trustee Postpones Repayment Deadline by One Year In an announcement on Thursday, Kobayashi cited delays in distributing the funds recovered after the 2014 collapse…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Mt. Gox, the infamous crypto exchange that collapsed in 2014, has recently announced an extension of its repayment deadline. This news has sparked optimism across the crypto market. The new deadline, approved by the courts, extends from October 31, 2023, to October 31, 2025. This news has helped ease…
The trustee overseeing the collapsed Japanese crypto exchange Mt. Gox has extended the creditor repayment deadline by one year to Oct. 31, 2025, according to an Oct. 10 statement. The exchange’s Rehabilitation Trustee, Nobuaki Kobayashi, stated that the extension was necessary to complete the repayment process for all creditors. The previous deadline had been set…
Japan is reportedly set to review its cryptocurrency regulations, potentially reducing taxes on digital assets. The Financial Services Agency (FSA) plans to assess whether current crypto regulations under the payments act provide sufficient investor protection. The review may lead to reclassifying crypto as financial instruments under Japan’s investment law, which could enhance safeguards and bring…
September 13, 2024 at 06:23 AM GST updated: September 12, 2024 at 06:15 PM 2 mins read News The Mt. Gox data breach in 2014 is one of the biggest and most consequential cryptocurrency hacks, shedding light on early weaknesses in the sector. Recent attacks such as the multi-chain hack on BitMart show that threats…
September 12, 2024 at 02:46 AM GST updated: September 12, 2024 at 12:43 AM 2 mins read News Mark Karpeles launches EllipX, a crypto exchange offering real-time transparency and fully audited reserves. EllipX is based in Europe, leveraging MiCA regulations for a secure operating environment. Karpeles, Mt. Gox’s former CEO, applies past lessons to ensure…
Using Poland as its hub, the soon-to-be platform EllipX will debut in Europe. The new crypto exchange is making efforts to comply with MiCA regulations. During an interview at the Korea Blockchain Week event in Seoul, South Korea, crypto entrepreneur Mark Karpeles—former CEO of Mt. Gox—said that he plans to launch his new cryptocurrency exchange…
FTX Derivatives Exchange is reportedly on track to distribute $16 billion in assets to its affected creditors. The bankrupt firm recently amended its reorganization plan, offering the possibility of total repayment. These refunds might include the amounts of the bankruptcy claims and interest to the non-governmental creditors. The total property value collected and distributed to…
The bankrupt Mt. Gox Bitcoin exchange transferred 13,265 BTC worth around $784 million on Aug. 21, according to Arkham Intelligence. 12,000 BTC were then directed to a new address, while the remaining 1,265 went into a cold wallet associated with Mt. Gox. It is the first major movement of BTC by the exchange trustee in three…