Poland arrests ex-CEO of Russian crypto exchange WEX for US extradition: Report

December 9, 2024 Coin Telegraph

The former crypto executive was previously arrested in Poland in 2021 over related matters but was released after 40 days.

Polish authorities have reportedly arrested the former chief of the Russia-based crypto exchange WEX in Warsaw following an extradition request from the United States Department of Justice.

The man, who was identified only as Dmitry V. due to local laws, is suspected of engaging in fraud and money laundering while managing WEX — the successor to BTC-e — Russia’s largest crypto exchange before it collapsed in 2018, Reuters and Polish outlet Rzeczpospolita reported on Dec. 6.

“The man is in custody awaiting the completion of the entire procedure in connection with his extradition,” a Polish police spokesperson told Reuters.

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Mt. Gox makes $35M BTC transfer to unmarked addresses

November 1, 2024 Coin Telegraph

Mt. Gox makes M BTC transfer to unmarked addresses

Bitcoin

Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments.

Bitcoin associated with the defunct Mt. Gox exchange is on the move again, with onchain data showing a $35 million transfer to several unknown addresses on Nov. 1.

Blockchain intelligence platform Arkham revealed that 500 BTC worth approximately $35 million has been transferred from the Mt. Gox cold wallet to an unmarked address starting with “12cTj”.

Shortly after, there were two transactions of 31.78 BTC and 468.24 BTC to two unmarked addresses. It is the first major coin movement from Mt. Gox associate wallets in around a month.

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JPMorgan: We Are Bullish on Digital Assets Into 2025

October 18, 2024 Bitcoin.com

Bitcoin

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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains

October 14, 2024 Bitcoin.com

Bitcoin

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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

QCP Capital: Bitcoin’s Potential for ‘Uptober’ Rally Mirrors Historic Election Trends

October 14, 2024 Bitcoin.com

Bitcoin

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 […]

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Bitcoin Ticks Up in Price As Bankrupt Crypto Exchange Mt. Gox Delays Deadline for Long-Awaited BTC Repayments

October 12, 2024 The Daily Hodl

Bitcoin

Bitcoin (BTC) surged by more than 6% on Friday amid news that the bankrupt crypto exchange Mt. Gox will extend the deadline on its remaining creditor repayments. Mt. Gox started paying back its creditors in July and has “largely completed the Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment” in the months since, according to […]

The post Bitcoin Ticks Up in Price As Bankrupt Crypto Exchange Mt. Gox Delays Deadline for Long-Awaited BTC Repayments appeared first on The Daily Hodl.

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Mt. Gox pushes repayment plan deadline to October 2025

October 11, 2024 Coin Telegraph

Coin Telegraph

The trustee overseeing Mt. Gox assets has extended the deadline for creditors’ restitution to October 2025 as over 44,900 BTC remains unpaid.

Defunct crypto exchange Mt. Gox has postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025.

According to an official announcement, “many rehabilitation creditors still have not received” their repayments after not completing the required procedures.

The platform was one of the earliest crypto exchanges in the world and, at one point, handled about 70% of all global Bitcoin (BTC) transactions. It faced a series of security breaches and unnoticed hacks that led to a halt in withdrawals and its eventual collapse in 2014, locking the funds of about 127,000 users.

Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Japan to Review Crypto Regulations, Potentially Easing Tax Burden

October 1, 2024 Bitcoin.com

Bitbank

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 […]

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Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates

August 13, 2024 Coin Telegraph

Mt. Gox’s suspected Bitgo .1B BTC wallet activates

Bitcoin

A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors.

A wallet that received $2.19 billion in Bitcoin from the defunct exchange Mt. Gox initiated a test transaction at 10:57 UTC.

According to an Arkham Intelligence X post, the wallet (bc1q26) is suspected to be Bitgo, the fifth and final exchange set to distribute funds to Mt. Gox creditors.

The wallet currently holds 33,105 Bitcoin (BTC) worth $1.96 billion after the recent market sentiment shift.

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76 Sleeping Bitcoin Wallets Activated in July, Unlocking $424M

August 1, 2024 Bitcoin.com

Bitcoin

Throughout July, bitcoin has climbed 2.5% against the U.S. dollar, despite a midweek dip to $64,350 per coin. This month has been marked by notable events, including movements by Mt Gox and the U.S. government transferring billions. Additionally, 76 transactions from dormant bitcoin wallets, created between 2010 and 2017, spent 6,536.17 BTC, amounting to $424 […]

Mt. Gox

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