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” Crypto has survived worse than the fall of FTX: Chainalysis “ Blockchain analysis firm Chainalysis has compared the fall of Mt. Gox to FTX to determine how FTX’s bankruptcy will impact the ecosystem. It concluded that FTX was a relatively smaller part of the crypto industry than Mt. Gox was at the time and…
” Bitcoin scarcity rises as bad exchanges take 1.2M BTC out of circulation “ One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out…
” FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack “ The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance. <p>If FTX is sparking new Bitcoin (BTC) bear market lows, BTC price action has further to fall to match Mt. Gox….
” Bitcoin faces Mt. Gox ‘black swan’ as trustee prepares to unlock 150K BTC “ Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation…
” Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B “ A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors. Mt. Gox was…
” Nifty News: Solana NFTs on OpenSea in April, Ross Ulbricht’s new collection… and more “ Solana (SOL) NFT holders will soon have a new option for where to trade, with OpenSea teasing its integration of the Solana blockchain. A 16-second video shared by the OpenSea Twitter account opened with the phrase “wen solana???” being…
” Mark Karpeles announces commemorative NFT drop for Mt. Gox users “ The former CEO of thnow-defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs. In a Monday announcement on Twitter, Mark Karpelès said that crypto users who were Mt. Gox customers between 2010…
“# Bitcoin whales plan to buy BTC higher as fresh Mt. Gox payouts add to market fear ” Bitcoin (BTC) showed no sign of tackling $60,000 resistance on Nov. 23 as the specter of defunct exchange Mt. Gox returned to haunt price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Mt. Gox makes waves with…
“# Mt. Gox rehabilitation plan is now ‘final and binding’ ” The rehabilitation plan to compensate creditors from the now-defunct crypto exchange Mt. Gox is now finalized following confirmation from a Japanese court. According to a Nov. 16 announcement from Mt. Gox trustee Nobuaki Kobayashi, the rehabilitation plan originally filed in the Tokyo District Court…
“# Mt. Gox trustee announces approval of rehabilitation plan, meaning creditors could soon receive billions ” Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin. According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of tcreditors affected by…