Getty Images; Jenny Chang-Rodriguez/BI Bitcoin has declined 8% in the past two days amid selling by Mt. Gox bitcoin recipients and government wallets. The bankrupt Mt. Gox still holds about 140,000 bitcoin and has started to repay creditors and former customers. The negative price action in bitcoin since the start of July has broken several […]
The long-term impact of the repayments may be less severe, said WOO X COO Willy Chuang. Mt. Gox was one the leading crypto exchange, handling over 70% of bitcoin transactions in the early years. Mt. Gox said on Friday that it has started repayments to customers, ending a near 10-year long wait for some users […]
BTC slides to its lowest level since late February, breaching key price support. Early Friday, defunct exchange Mt. Gox moved 47,228 to a new address from cold storage. Bitcoin’s {{BTC}} sell-off continued during Friday’s Asian trading hours as defunct exchange Mt. Gox moved sizeable BTC to a new wallet, potentially preparing for creditor repayments. The […]
By Sameer Manekar (Reuters) – Bitcoin slid to a two-month low on Thursday, extending a month-long fall, as uncertainty over U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange weighed. Bitcoin fell more than 2% to $57,843, its lowest since May 2, and has lost more than 6% so far […]
(Bloomberg) — A third-straight daily slide in Bitcoin took the digital asset close to levels last seen in February amid challenges including US political drama and the potential for disposals by creditors of the failed Mt. Gox exchange. Most Read from Bloomberg The largest cryptocurrency fell as much as 2.7% on Thursday before paring some […]
Bitcoin fell below the US$60,000 mark for the first time since early May, according to CoinGecko data, as Mt. Gox prepares to disburse funds from creditors. On Monday, the Mt. Gox trustee announced that it will start repaying creditors next week, a move that could introduce more selling pressure and destabilize the market further. The […]
A bitcoin logo is displayed outside a cryptocurrency exchange in Hong Kong on April 15, 2024. – Dale De La Rey/Agence France-Presse/Getty Images Bitcoin was under pressure early Tuesday after failed exchange Mt. Gox began a long-awaited transfer of more than $9 billion in the digital asset to creditors. More than 140,000 bitcoin was transferred […]
(Bloomberg) — Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors. Most Read from Bloomberg The original cryptocurrency dropped as much as 3.1% and was trading at about $67,720 […]