Bitcoin (BTC) Price Slips as Mt. Gox Repayments Pick Up Steam

A lot of Mt. Gox users have just received their repayments

269 +

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

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.

219 +

‘Is Mt. Gox under attack?’ — drama hits repayments

This is yet another embarrassment for those overseeing the Mt. Gox bankruptcy, with one Reddit user quipping that the fright was karma for criticizing how incompetent the entire operation has been. It’s been a horrible 10 years for the early…

283 +

Bitcoin: Will Mt. Gox repayments crash the market?

Mt. Gox's repayment moves 44,527 BTC internally, triggering market concerns and renewed selling pressure. Despite TVL decline, Bitcoin remains active with 787,506 addresses, reflecting strong uThe post Bitcoin: Will Mt.

304 +

Kraken confirms receiving Mt. Gox creditor Bitcoin

At least one major centralized crypto exchange has confirmed receiving Bitcoin allocated for Mt. Gox creditor repayments. 

312 +

Mt. Gox moves 96.39k Bitcoin to unmarked addresses, fueling selloff concerns

Addresses affiliated with bankrupt exchange Mt. Gox recently moved 96,396 Bitcoin (BTC) worth over $6 billion to three unmarked wallets, fueling selloff concerns amid the ongoing creditor repayments.

285 +

Long Bitcoin and Short Bitcoin Cash to Benefit From Mt. Gox Repayments: Trader

Both assets are being distributed in an ongoing process to creditors of the defunct Mt. Gox crypto exchange. Here’s how some traders are playing it out.

337 +

Spot Bitcoin ETFs see record inflows in 30 days amid Bitcoin selling pressure

US spot Bitcoin exchange-traded funds (ETFs) attracted approximately $295 million in inflows on Monday amid ongoing selling pressure from the German government and Mt. Gox repayments. According to data from SoSoValue, this marks the highest level of single-day inflows in a month.

235 +

Mt. Gox is a ‘thorn in Bitcoin’s side,’ analyst says

Bitcoin struggled amid recent Mt. Gox repayments and market trends, but the bearish behavior shouldn’t be interpreted as unfavorable.  Last week, Bitcoin (BTC) concluded the week at approximately $55,850, marking an 11% drop from the prior week’s closing price of…

343 +

Bitcoin Climbs Over $57K, With Some Saying Mt. Gox Sales Already ‘Priced In’

Markets have priced in Mt. Gox’s ongoing repayments and U.S. policies could now start influencing the market, one trading desk said.

290 +

Mt. Gox takes Bitcoin, BCH near 2024 lows: Still 'HODL,' say analysts

Bitcoin dropped 3. 89% amid Mt. Gox repayments and the German government's sell-off. 75. 48% of BTC holders were “in the money,” indicating potential bullish sentiment. The crypto market sThe post Mt.

308 +

Digital Asset Funds Flip Positive for First Time in 4 Weeks: CoinShares

CoinShares attributes the inflows to recent price weakness prompted by defunct crypto exchange Mt. Gox initiating preparing to initiate repayments to creditors.

198 +

Bitcoin hits 5-month low, Mt. Gox begins repayments, Circle secures MiCA license | Weekly Recap

Today’s edition of the weekly recap: Bitcoin (BTC) drops to a five-month low amid a series of whale selloffs; Mt. Gox begins creditor repayments; and Circle secures first stablecoin license under MiCA as regulatory efforts mount.

193 +

First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments

The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

120 +

Bitcoin Price Falls as Mt Gox Starts Repayments

Bitcoin's price plunged below $55,000 as the now-defunct Mt Gox exchange began distributing billions in owed funds to creditors, sparking a broader Bitcoin and crypto market sell-off.

2252 +

Bitcoin price plunges below $55k as Mt. Gox announces repayments

The price of Bitcoin has continued its descending movement, sliding under the $55,000 threshold, returning back to levels last seen in February. Bitcoin’s (BTC) sell-off has intensified amid reports that the collapsed crypto exchange Mt. Gox moved over 47,000 BTC…

141 +

Mt. Gox confirms Bitcoin, Bitcoin Cash repayments have begun

The repayment by Mt. Gox may increase selling pressure in the Bitcoin market, highlighting the long-term effects of the exchange's collapse. The post Mt. Gox confirms Bitcoin, Bitcoin Cash repayments have begun appeared first on Crypto Briefing.

120 +

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.

106 +

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge

Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.

105 +

Mt. Gox repayments test and German BTC sell-off: Bitcoin still bullish?

Bitcoin has experienced a stark correction in the last 24 hours, sparking fear in the market. Could the possible short-squeeze scenario reignite the bullish flames? In June 2024, the defunct Bitcoin (BTC) exchange Mt. Gox announced a major move that…

245 +

Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange for repayments

Mt. Gox's recent Bitcoin transfers signal the impending start of long-awaited creditor repayments, potentially impacting market liquidity. The post Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange for repayments appeared first on Crypto Briefing.

85 +

Ethereum will outperform Bitcoin after ETF launch: K33 Research

The price of Ethereum could be bolstered by inflows into upcoming U.S. spot ETFs, while Bitcoin faces headwinds from Mt. Gox creditor repayments.

517 +

Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend.

564 +

'Mt. Gox repayment FUD' affects Bitcoin: What will save BTC now?

Bitcoin faces pressure amidst Mt. Gox repayments, with experts like Alex Thorn highlighting potential impacts on Bitcoin Cash. Contrasting repayment strategies by Mt. Gox, Gemini, and FTX raiseThe post 'Mt.

266 +

Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months

BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market.

123 +

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

News of repayments in Bitcoin and Bitcoin Cash is likely to put additional downward pressure on the two assets. The metrics and futures data showed that the next week is likely to see more lossThe post Bitcoin faces downward pressure as Mt.

241 +

Mt. Gox Trustee Announces Definitive Date For Bitcoin And BCH Repayments

Bitcoin (BTC) has encountered a tumultuous price performance in the past months, struggling to surpass previous record levels. However, the situation may worsen as the trustee overseeing the defunct Bitcoin exchange Mt.

244 +

First Mover Americas: Mt. Gox Repayments Worsen BTC Woes

The latest price moves in bitcoin (BTC) and crypto markets in context for June 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

137 +

Mt. Gox to begin $9 billion repayment plan in July

Mt. Gox's rehabilitation trustee has announced plans to begin Bitcoin and Bitcoin Cash repayments to creditors in July. The post Mt. Gox to begin $9 billion repayment plan in July appeared first on Crypto Briefing.

137 +

$9 Billion in Bitcoin: Mt. Gox to Start Repayments in July

Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024, after years of delays.

158 +

Mt. Gox repayments news hits BTC, no respite for altcoins

Bitcoin price fell sharply on Monday as the market reacted to latest news around defunct crypto exchange Mt. Gox. This comes as the exchange announced plans to begin creditor repayments with 141,868 BTC worth $8.

617 +

Mt. Gox to Begin Repayments in July; BTC Slides Under $61K

The defunct crypto exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack.

148 +

Mt. Gox to start Bitcoin, Bitcoin Cash repayments in July

The trustee of the failed crypto exchange Mt. Gox wrote in the latest notice that repayments in Bitcoin and Bitcoin Cash will start in July. Mt. Gox, once the world’s largest Bitcoin exchange, seems to be set to finally begin…

160 +

An In-Depth Look Into Mt. Gox’s Recent $9.4 Billion Bitcoin Move: What Happens to the Crypto Market?

222 +

Mt. Gox trustee confirms creditors’ addresses for BTC and BCH repayments

Mt. Gox creditors are reportedly receiving emails from the collapsed crypto exchange to confirm their accounts for repayments. According to emails shared by users of social platforms such as Reddit, creditors can receive payments in Bitcoin (BTC) or Bitcoin Cash (BCH).

451 +

Mt. Gox repayment glitch: double payouts spark technical snag

Cryptocurrency exchange Mt. Gox, infamous for its 2014 Bitcoin hack, is facing unexpected challenges in its repayment process which started on December 26, 2023, a month after news that the exchange would start repayments before the year ends.

242 +

Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments

Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations.

165 +

Turning A New Page: Mt. Gox Ready To Distribute Millions In Cash To Creditors, Here’s When

Nearly a decade after its notorious collapse, Mt. Gox, once the titan of Bitcoin exchanges, is on the brink of initiating a repayment plan for its creditors. In a recent email, the exchange’s rehabilitation trustee, Nobuaki Kobayashi, conveyed the plan to begin cash repayments within the 2023 calendar year. This momentous step marks a pivotal […]

432 +

Mt. Gox set to begin cash repayments to creditors ‘shortly’ in 2023

Creditors of Mt. Gox, a Bitcoin exchange that ceased operations after losing 850,000 BTC in a 2014 hack, have reportedly received an email indicating forthcoming repayments.

238 +

Mt. Gox creditors anticipate repayments in 2023: trustee’s update

In a significant development for creditors of the defunct Mt. Gox exchange, an update from the bankruptcy trustee, Nobuaki Kobayashi, indicates that repayments are on the horizon. After years of legal battles, creditors are poised to receive their dues, with plans to initiate repayments in the year 2023.

250 +

Binance.US scores against SEC, Mt. Gox delay repayments, and other news: Hodler’s Digest, Sept. 17-23

Binance.US scores temporary win against the SEC, Mt. Gox repayments delayed to 2024, and Tether’s $1B liquidity to Tron network.

237 +

Bitcoin Bulls Missing in Action After Mt. Gox Delays BTC Repayments

Rumors of Mt. Gox mulling a delay have been doing the rounds and likely catalyzed the recent bitcoin price bounce.

134 +

Infamously Hacked Crypto Exchange Mt. Gox Delays Repayment Deadline by a Year

The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.

172 +

Mt. Gox Pushes Repayment Deadline by a Year

The defunct crypto exchange has delayed the deadline for repayments to Oct. 31, 2024.

251 +

Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport

Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said.

331 +

Mt Gox Prepares to Make Repayments by October, Further Delays Expected

The deadlines for the Selection and Registration have expired, and now Mt. Gox is preparing to make repayments. The post Mt Gox Prepares to Make Repayments by October, Further Delays Expected appeared first on BeInCrypto.

264 +

Mt. Gox repayment window opens until October

The deadline for Mt. Gox creditors to submit their repayment details expired on April 6, opening the repayment window until Oct. 31, 2023. The repayments might take time, and the period could be extended with permission from the Tokyo District…

327 +

Mt. Gox Bankruptcy Repayments Unlikely to Destabilize Bitcoin: UBS

Early adopters are likely to have remained crypto believers, so will choose to be paid in bitcoin and keep it, the report said.

222 +

Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources

The two largest creditors of failed crypto exchange Mt. Gox have picked a repayment option that could allay fears bankruptcy repayments will tank the price of bitcoin, sources say.

206 +