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

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

Bitcoin.com
JPMorgan: We Are Bullish on Digital Assets Into 2025
Bitcoin
JPMorgan: We Are Bullish on Digital Assets Into 2025Global 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 […]
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Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains

Bitcoin.com
Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains
Bitcoin
Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto GainsChina’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 […]
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Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

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

Bitcoin.com
QCP Capital: Bitcoin’s Potential for ‘Uptober’ Rally Mirrors Historic Election Trends
Bitcoin
QCP Capital: Bitcoin’s Potential for ‘Uptober’ Rally Mirrors Historic Election TrendsQCP 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 […]
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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

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

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

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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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Mt. Gox pushes repayment plan deadline to October 2025

Coin Telegraph
Mt. Gox pushes repayment plan deadline to October 2025
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. 

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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Japan to Review Crypto Regulations, Potentially Easing Tax Burden

Bitcoin.com
Japan to Review Crypto Regulations, Potentially Easing Tax Burden
Bitbank
Japan to Review Crypto Regulations, Potentially Easing Tax BurdenJapan 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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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

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

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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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

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

Bitcoin.com
76 Sleeping Bitcoin Wallets Activated in July, Unlocking 4M
Bitcoin
76 Sleeping Bitcoin Wallets Activated in July, Unlocking 4MThroughout 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 […]
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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Kraken Has Successfully Distributed Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt Gox Creditors: CEO David Ripley

The Daily Hodl
Kraken Has Successfully Distributed Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt Gox Creditors: CEO David Ripley
BCH
Kraken Has Successfully Distributed Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt Gox Creditors: CEO David Ripley

Creditors of the bankrupt crypto exchange Mt. Gox are finally receiving Bitcoin (BTC) and Bitcoin Cash (BCH) payments. Kraken chief executive Dave Ripley announced on Tuesday that his exchange had successfully distributed the BTC and BCH from the Mt. Gox estate. “It’s been nearly a decade since Kraken was selected by the Trustee to facilitate […]

The post Kraken Has Successfully Distributed Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt Gox Creditors: CEO David Ripley appeared first on The Daily Hodl.

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<div>Bitcoin 'diamond hand' sell-off risks outpacing ETF inflows at K</div>

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

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