Mt.Gox repayment: a catalyst for long BTC and short BCH?
Mt. Gox, BCH, BTC, Crypto Market, Mt. Gox Repayment: A Catalyst for Long BTC and Short BCH? Golden Finance, BCH's selling pressure will be four times that of BTC.
JinseFinanceMt. Gox, BCH, BTC, Crypto Market, Mt. Gox Repayment: A Catalyst for Long BTC and Short BCH? Golden Finance, BCH's selling pressure will be four times that of BTC.
JinseFinanceSome analysts believe that Mt. Gox's repayment plan will put further pressure on the crypto market in July, while others believe that the market is fully capable of absorbing the selling pressure.
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.
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.
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)
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