Tag: Mt.Gox

Gox Creditors Agree to $1.3Bil Repayment in BCH, BTC, No Altcoins, by Summer 2019

Gox, the defunct and disgraced bitcoin market (at once the largest in the world) is preparing a last chapter in a lengthy, sorted ordeal. Creditors have coalesced around a repayment strategy to make victims whole. It comprises what may amount to $1.3 billion in returned bitcoin money (BCH) and bitcoin heart (BTC) as early as the […]

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Mt. Gox Creditors Update Basic Terms of Upcoming Civil Rehabilitation Plan

Lawyers representing several lenders of their now-defunct Japanese Bitcoin (BTC) trade Mt. Gox have recently upgraded their civic rehabilitation program, based on some statement on the Mt. Gox lenders’ site Aug. 2. In the statement, the Mt. Gox creditors said they had revised the fundamental policy for the rehab program as of August 1, 2018, […]

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Hodler’s Digest, June 18-24: Square Receives the Illusive BitLicense, Bithumb Hacked in this Week of Crypto Ups and Downs

Top Stories This Week Bithumb, that has dropped from 6th to 10th location for cryptocurrency exchanges globally by trading volume, has had roughly $30 million value of cryptocurrencies stolen within a clear hack. Bithumb has temporarily suspended all payments and deposits, noting they are moving all resources into a chilly pocket and certainly will compensate […]

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CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin

The present bear market isn’t a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment company Brian Kelly stated on CNBC’s Fast Money section June 22. We attempted to get a funeral for #Bitcoin since it dropped below $6K, however @BKBrianKelly remains a believer. Here’s why he believes the cryptocurrency will reestablish pic.twitter.com/B8ozbzPsfJ To […]

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Mt. Gox Will Compensate $1 Billion in Bitcoin, But Will Not Sell Until 2019

The Mt. Gox debacle, originating in the catastrophic 800,000 Bitcoin hack 2014, proceeds, with recent court records demonstrating that creditors could eventually get the cash and Bitcoin they deserve. Original post first appeared in https://www.newsbtc.com/2018/06/24/mt-gox-situation-develops-trustee-announces-bitcoin-repayment-process/

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Crypto Markets Fall Further Amidst Week of FUD From Asian Sector

The crypto markets are continuing to have a tumble now, June 23, after ton of FUD-like news in the crypto industry in South Korea and Japan. Market Development from Coin360 Leading South Korean trade Bithumb has been hacked for $30 million, and Japan‘s financial regulator FSA has reportedly renewed their own crackdown on cryptocurrency trades […]

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