Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait

Mt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.

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Bitcoin Slides to $60K Amid Genesis Repayment Concerns

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Mt. Gox Moves Over $700 Million in Bitcoin

Mt. Gox moved over $700 million worth of Bitcoin to unknown wallets, its first major transaction in weeks. The defunct exchange still owes billions to victims of its 2014 hack.

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BitGo Moves $2 Billion Of Mt. Gox Bitcoin

The fifth and final exchange supporting the Mt. Gox bankruptcy is moving its coins connected to the defunct trading platform

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BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments

Blockchain analytical firm Arkham Intelligence reported that crypto custodial service provider BitGo moved $2 billion of Mt. Gox’s Bitcoin to a new wallet, “bc1qpn,” according to an Aug. 13 post on X. Currently, the wallet holds 33,023 Bitcoin, valued at $1.96 billion, following recent market fluctuations that have pushed BTC’s value to below $60,000 as […]

The post BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments appeared first on CryptoSlate.

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BitGo Wallet Credited $2.9B BTC by Mt. Gox Tests Transaction

On August 13, 10:57 UTC, a wallet with the address  bc1q26.. that received $2.19 billion in Bitcoin from Mt…

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Mt. Goxs suspected $2.1B BTC Bitgo wallet activates

A test transaction from a dormant Mt. Gox wallet triggers speculation around Bitgos role in the ongoing Bitcoin distribution to creditors.

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Bitcoin Fear & Greed Index hits lowest level since January 2023

Lower levels on the Crypto Fear & Greed Index indicate negative investor sentiment, while higher levels indicate a fear of missing out.

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Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO

Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry [...]

The post Massive Mt. Gox Bitcoin Shift Unlikely To Disrupt Prices, Says CryptoQuant CEO appeared first on Crypto Breaking News.

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Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded

The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolinas CBDC ban was vetoed by the governor.

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Bitcoin weakness spurs $441M digital asset inflows

Digital asset investments see significant inflows of $441 million, driven by Bitcoin price weakness, Mt. Gox activity and a German government sell-off, according to a CoinShares report.

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5 bullish arguments that Bitcoin price just bottomed at $53K

Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.

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QCP Capital Predicts Subdued Bitcoin Performance As Mt. Gox Payouts Loom

Bitcoin is expected to witness a Q3 lull due to uncertainty over Mt. Gox repayment impact.

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Massive Sell-Off: Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market

The cryptocurrency market experienced a substantial downturn on Friday, compounding the selling pressure witnessed over the past two weeks. The leading cryptocurrency, Bitcoin (BTC), retraced over 20% from its highs in June and May, dropping as low as $53,500.  The market decline was largely attributed to the long-awaited trustee overseeing the Mt. Gox bankruptcy, who [...]

The post Massive Sell-Off: Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market appeared first on Crypto Breaking News.

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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.

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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.

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Bitcoin sinks to $53,800, altcoins bleed following Mt. Goxs billion transfer

Market instability and fear surge as significant Bitcoin movements trigger widespread altcoin declines, highlighting crypto market vulnerability.

The post Bitcoin sinks to $53,800, altcoins bleed following Mt. Gox’s billion transfer appeared first on Crypto Briefing.

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Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment

The transfer may lead to market volatility and price fluctuations as creditors potentially liquidate their holdings.

The post Mt. Gox moves over 47,000 BTC to new wallet ahead of creditor repayment appeared first on Crypto Briefing.

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More Details About the Mt. Gox Bitcoin Repayments: Whats Next?

The commencement of Mt Gox distributions comes as BTC struggles to remain above $54,000 after plunging roughly 5% in the past 24 hours.

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Up to 99% of Mt. Goxs $8.2B Bitcoin could be sold Analyst

Nearly all of Mt. Goxs former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchanges collapse.

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