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

July 25, 2024 The Daily Hodl

BCH

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 […]

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Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion

July 25, 2024 Coin Telegraph

Bitcoin

The infamous collapse of the Mt. Gox exchange occurred in 2014, and creditors have been waiting for reimbursement for over a decade.

Mt. Gox still has a whopping 90,000 Bitcoin, valued at roughly $6 billion, as investors and speculators weigh the effects the sell-off will have on the Bitcoin market.

Data from Arkham Intelligence indicates the last transaction made from Mt. Gox occurred on July 24, 2024, at 06:50:05 UTC and contained roughly 382 Bitcoin (BTC), valued at approximately $25 million, sent to Bitstamp.

News of the Mt. Gox sell-off has created fear, uncertainty, and doubt among market participants during the last several weeks, with the $8.2 billion question coming down to whether or not the Mt. Gox creditors, who have been waiting over 10 years for reimbursement, will sell their holdings.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors

July 24, 2024 Bitcoin.com

BCH

Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitstamp will begin Mt. Gox creditor repayments on July 25

July 24, 2024 Coin Telegraph

BCH

After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.

Bitstamp will begin distributing crypto to Mt. Gox creditors on July 25 after receiving a large transfer of assets from the trustees of the collapsed exchange a day earlier.

The Mt. Gox trustees transferred 5,106 Bitcoin (BTC) directly to Bitstamp and 2,869 BTC to an unknown address, after which they underwent additional transfers before ending up in wallets associated with Bitstamp. Bitstamp also received Bitcoin Cash (BCH) and Ether (ETH) from the trustees.

It will take a week for recipients of the repayments to undergo security checks, after which they will have full control of their coins, the exchange said in a statement. Bitstamp customers based in the United Kingdom will not be included in the first round of repayments. They can expect to receive their repayments “within the next few months.”

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Mt Gox Moves $2,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data

July 24, 2024 The Daily Hodl

Mt Gox Moves ,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data

Arkham

The bankrupt crypto exchange Mt Gox has been spotted moving billions of dollars worth of Bitcoin following the successful distribution of BTC to its creditors. On Tuesday, Dave Ripley, CEO of Kraken, which was selected to facilitate the transfer of coins back to creditors, announced that a successful distribution of BTC and Bitcoin Cash (BCH) […]

The post Mt Gox Moves $2,470,000,000 Worth of Bitcoin (BTC) to Crypto Exchanges: On-Chain Data appeared first on The Daily Hodl.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Mt. Gox transfers $3.2 billion in Bitcoin with $150 million to Bitstamp

July 23, 2024 The Crypto Briefing

Bitcoin

Mt. Gox's massive Bitcoin transfers could significantly impact market stability and creditor repayment processes, influencing future crypto regulations.

The post Mt. Gox transfers $3.2 billion in Bitcoin with $150 million to Bitstamp appeared first on Crypto Briefing.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Mt. Gox reactivates Bitcoin wallet, makes small transfer to Bitstamp

July 22, 2024 The Crypto Briefing

Bitcoin

Mt. Gox's reactivation and minor Bitcoin transfers hint at imminent large-scale customer repayments, potentially restoring some trust in crypto exchanges.

The post Mt. Gox reactivates Bitcoin wallet, makes small transfer to Bitstamp appeared first on Crypto Briefing.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

July 18, 2024 Bitcoin.com

Bitcoin

The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Bitcoin To Have a ‘Great Second-Half’ of 2024, Says Crypto Analyst Michaël van de Poppe – Here Are His Targets

July 17, 2024 The Daily Hodl

All time high

A closely followed crypto analyst says that Bitcoin (BTC) is going to have a great second half of the year. In a new strategy session, crypto trader Michaël van de Poppe tells his 722,400 followers on the social media platform X that the crypto king should finish 2024 with strength as inflows from exchange-traded funds […]

The post Bitcoin To Have a ‘Great Second-Half’ of 2024, Says Crypto Analyst Michaël van de Poppe – Here Are His Targets appeared first on The Daily Hodl.

Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting

Mt Gox Funds Arrive at Kraken: Bitcoin and Bitcoin Cash Distributions Expected Soon

July 16, 2024 Bitcoin.com

BCH

According to a recent update from Kraken, the centralized cryptocurrency exchange has received funds from the Mt Gox trustee. Consequently, bitcoin (BTC) and bitcoin cash (BCH) payouts will be distributed to creditors’ accounts within 7 to 14 days. Kraken Confirms Receipt of Mt Gox Funds On Tuesday, the Mt Gox trustee moved significant amounts of […]

Mt. Gox

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