As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about 9,860 bitcoins worth roughly $269 million…
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The downfall of Mt. Gox continues to highlight the importance of greater transparency and accountability within the cryptocurrency industry. In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The Tokyo-based company was responsible for more than 70% of all Bitcoin transactions in 2013. However,…
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As the bankruptcy proceedings of Mt. Gox continue, new developments have emerged regarding the Mt Gox Investment Fund, the exchange’s largest creditor. According to reports, the fund has no intentions of selling the tokens it is due to receive later this year. A person familiar with the fund’s activities who asked not to be identified…
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Mt. Gox creditors have another month to file for their claims as the registration deadline was pushed back by another month. The registration dates for Mt. Gox creditors have been pushed back by another month. According to the announcement, the deadline has been moved from March 10 to April 10, allowing creditors to file claims for…
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The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number of inquiries” and may not be able to respond to…
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A deadline for when creditors to the collapsed bitcoin (BTC) exchange Mt. Gox can register their payment method to receive claims is coming up on Friday this week. The registration deadline was previously set to January 10, but has later been postponed to March 10…. Read More: Deadline Looms: Mt. Gox Bitcoin Exchange Creditors Must…
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A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less concentrated.” UBS Market Strategists Believe Mt Gox Payouts Won’t Destabilize Bitcoin’s…
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Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or…
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Bitcoin faces more than just FTX fallout in December, with macro data due and the Mt. Gox payouts getting closer. Bitcoin (BTC) briefly returned to $17,000 into Nov. 30 as monthly close volatility loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $17,500 monthly close “most bullish outcome” Data from Cointelegraph Markets Pro and TradingView…
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