Analyst: The impact of Mt. Gox repayment on BTC is not as bad as imagined
Mt. Gox is set to repay nearly $9 billion starting in July, which may not depress the price of bitcoin, but could spell trouble for bitcoin cash.
JinseFinanceMt. Gox is set to repay nearly $9 billion starting in July, which may not depress the price of bitcoin, but could spell trouble for bitcoin cash.
JinseFinanceMt. Gox will begin repaying its users in Bitcoin and Bitcoin Cash in July 2024, giving priority to exchanges that have completed the required information exchanges.
ZeZhengMt.Gox’s repayment plan could ripple through the BTC market, raising some worrisome questions.
JinseFinanceGolden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
JinseFinanceOn May 28, Mt.Gox's continuous large-value BTC transfers caused a certain amount of market panic.
JinseFinanceThe defunct cryptocurrency exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after it collapsed in a hack.
JinseFinanceMt. Gox, Opinion: Mt. Gox's 142,000 BTC compensation may trigger a sell-off. Golden Finance, This expectation stems from the long wait of Mt. Gox's creditors.
JinseFinanceTo mark the 10th anniversary of the collapse of Bitcoin exchange MtGox, Mark Hunter, author of The Ultimate Catastrophe: How MtGox Lost $5 Billion and Nearly Killed Bitcoin, addresses questions that remain unanswered a decade later.
JinseFinanceThese long-awaited reimbursements will be financed through the sale of Mt. Gox's remaining assets, including 142,000 BTC, 143,000 BCH, and 69 billion yen (about $625 million)
Davin