Mt.GOX
41,102 views
46 Posts
Hot
Latest
🚨 #MtGox will start #Bitcoin repayments to creditors next month.
#JPMorgan analysts predict initial market pressure as creditors may sell part of their receivables, but expect recovery from August onwards.
Mt. Gox creditors are set to receive 142,000 $BTC worth $9B from July to October, with most repayments likely in July.
#Mt.GOX #TrendingTopic
#JPMorgan analysts predict initial market pressure as creditors may sell part of their receivables, but expect recovery from August onwards.
Mt. Gox creditors are set to receive 142,000 $BTC worth $9B from July to October, with most repayments likely in July.
#Mt.GOX #TrendingTopic
For a big downward trend, we just need to see if the pressure level can be broken‼ ️
The nearest pressure level on ETH is
3410 to 3470‼ ️#Mt.GOX #Megadrop #BinanceTournament
The nearest pressure level on ETH is
3410 to 3470‼ ️#Mt.GOX #Megadrop #BinanceTournament
LIVE首席操盘手日记
--
For a big downward trend, we just need to see if the pressure level can be broken‼ ️
The nearest pressure level on ETH is
3410 to 3470‼ ️
#Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛
The nearest pressure level on ETH is
3410 to 3470‼ ️
#Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛
💰 As if we didn't have enough news about Mt.Gox, the German government is also dumping! They are selling bitcoin again—today they transferred 400 BTC ($24.3 million) to the #exchanges Coinbase and Kraken. 🧐 The government wallets still hold 46,859 #BTC☀ worth $2.85 billion.
👀 However, the situation with Mt.Gox is not so straightforward. According to Galaxy Digital, retail investors are expected to receive about 65,000 $BTC ($3.9 billion) from #Mt.GOX , with the remainder going to institutional #investors - meaning that the selling pressure should be less than market expectations.
#CryptoPCEWatch
👀 However, the situation with Mt.Gox is not so straightforward. According to Galaxy Digital, retail investors are expected to receive about 65,000 $BTC ($3.9 billion) from #Mt.GOX , with the remainder going to institutional #investors - meaning that the selling pressure should be less than market expectations.
#CryptoPCEWatch
### Market Analysis and Predictions $BTC
#### Immediate Concerns
1. #Mt.GOX Repayments**:
- **Potential Impact**: The upcoming release of nearly $9 billion in Bitcoin from the Mt. Gox creditors' repayment plan is anticipated to exert further selling pressure on the market.
- **Market Response**: Analysts like Jonathan de Wet from ZeroCap predict that Bitcoin could dip further towards its support level around $57,000 as this event unfolds.
2. **German Government Bitcoin Sales**:
- **Market Impact**: The German government's potential sale of seized Bitcoin is another factor that could contribute to downward pressure on Bitcoin prices in the short term.
#### Analyst Perspectives
1. **Jonathan de Wet, ZeroCap**:
- **Outlook**: Despite the current challenges, de Wet maintains that Bitcoin and Ethereum have shown resilience. He expects these cryptocurrencies to continue holding key support levels.
- **Long-Term View**: De Wet is cautiously optimistic, suggesting that while short-term declines are possible, the market's foundational strength remains robust.
2. **Farhan Badami, eToro**:
- **Analysis**: Badami posits that the market often prices in significant events well in advance. Therefore, the impact of the Mt. Gox repayments might not be as severe as anticipated.
- **Future Projections**: He foresees Bitcoin stabilizing and potentially rallying towards new highs, trading between $60,000 and $70,000 in the near term.
### Strategic Insights for Investors
1. **Diversification**:
- **Action**: Investors might consider diversifying their portfolios to include a mix of cryptocurrencies and traditional assets to hedge against volatility.
- **Resource**: Utilize platforms like Binance or Coinbase to explore a range of crypto assets.
2. **Monitoring Market Trends**:
- **Action**: Keeping a close watch on market developments and regulatory news is crucial. Platforms like CoinMarketCap and CoinGecko provide real-time data and market analysis.
#### Immediate Concerns
1. #Mt.GOX Repayments**:
- **Potential Impact**: The upcoming release of nearly $9 billion in Bitcoin from the Mt. Gox creditors' repayment plan is anticipated to exert further selling pressure on the market.
- **Market Response**: Analysts like Jonathan de Wet from ZeroCap predict that Bitcoin could dip further towards its support level around $57,000 as this event unfolds.
2. **German Government Bitcoin Sales**:
- **Market Impact**: The German government's potential sale of seized Bitcoin is another factor that could contribute to downward pressure on Bitcoin prices in the short term.
#### Analyst Perspectives
1. **Jonathan de Wet, ZeroCap**:
- **Outlook**: Despite the current challenges, de Wet maintains that Bitcoin and Ethereum have shown resilience. He expects these cryptocurrencies to continue holding key support levels.
- **Long-Term View**: De Wet is cautiously optimistic, suggesting that while short-term declines are possible, the market's foundational strength remains robust.
2. **Farhan Badami, eToro**:
- **Analysis**: Badami posits that the market often prices in significant events well in advance. Therefore, the impact of the Mt. Gox repayments might not be as severe as anticipated.
- **Future Projections**: He foresees Bitcoin stabilizing and potentially rallying towards new highs, trading between $60,000 and $70,000 in the near term.
### Strategic Insights for Investors
1. **Diversification**:
- **Action**: Investors might consider diversifying their portfolios to include a mix of cryptocurrencies and traditional assets to hedge against volatility.
- **Resource**: Utilize platforms like Binance or Coinbase to explore a range of crypto assets.
2. **Monitoring Market Trends**:
- **Action**: Keeping a close watch on market developments and regulatory news is crucial. Platforms like CoinMarketCap and CoinGecko provide real-time data and market analysis.
#BTC Mt.Gox bankruptcies unlikely to destabilize Bitcoin: UBS The report states that early adopters are likely to remain crypto enthusiasts, so they will prefer BTC and keep it for themselves.
#crypto2023 #Mt.GOX #zero2hero #keepbuilding
#crypto2023 #Mt.GOX #zero2hero #keepbuilding
Repayment Process For Mt. Gox Creditors Expected To Take Longer
The deadline for #Mt.GOX creditors to submit their payback information has officially passed, making it possible to make payments.
The repayments are anticipated to be made in a combination of #cryptocurrency and fiat money and to be disbursed via a number of financial institutions, including cryptocurrency exchanges. Pursuant to a letter from the Mt. Gox Trustee dated April 7, the repayments will be made up of base, intermediate, and early lump sum payments and will be made up until the deadline of October 31.
The Trustee has stated that in order to make sure that the payments are made to creditors as quickly as possible, he will cooperate with the list of financial institutions. Due to the essential preparations that must be completed, he has also stated that "it is expected to take some time before the repayment is commenced." The Trustee also made note of the possibility of an extension of the repayment date with the Tokyo District Court's approval.
It is significant to remember that Mt. Gox plans to release a portion of its holdings of 69 billion Japanese yen ($523 million), 142,000 #bitcoin ($3.9 billion), and 143,000 Bitcoin Cash ($17.9 million). This indicates that the loss-related compensation for creditors will now be paid.
Each Creditor shall be paid in yen the first 200,000 yen of each Creditor's Claim. If their claim exceeds this amount and they opt for cryptocurrency and cash, they will eventually receive a mixture of roughly 71% cryptocurrency and 29% cash. For the Mt. Gox creditors who have been waiting for years to get the money that is owed to them, this is a huge development.
This news is republished from https://coinaquarium.io/
The repayments are anticipated to be made in a combination of #cryptocurrency and fiat money and to be disbursed via a number of financial institutions, including cryptocurrency exchanges. Pursuant to a letter from the Mt. Gox Trustee dated April 7, the repayments will be made up of base, intermediate, and early lump sum payments and will be made up until the deadline of October 31.
The Trustee has stated that in order to make sure that the payments are made to creditors as quickly as possible, he will cooperate with the list of financial institutions. Due to the essential preparations that must be completed, he has also stated that "it is expected to take some time before the repayment is commenced." The Trustee also made note of the possibility of an extension of the repayment date with the Tokyo District Court's approval.
It is significant to remember that Mt. Gox plans to release a portion of its holdings of 69 billion Japanese yen ($523 million), 142,000 #bitcoin ($3.9 billion), and 143,000 Bitcoin Cash ($17.9 million). This indicates that the loss-related compensation for creditors will now be paid.
Each Creditor shall be paid in yen the first 200,000 yen of each Creditor's Claim. If their claim exceeds this amount and they opt for cryptocurrency and cash, they will eventually receive a mixture of roughly 71% cryptocurrency and 29% cash. For the Mt. Gox creditors who have been waiting for years to get the money that is owed to them, this is a huge development.
This news is republished from https://coinaquarium.io/
#Mt.GOX transferred 30,590 #BTC ($2.1B) to address"1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6" again.
A total of 42,830 BTC ($2.94B) has been #transferred oday, and 95,061 BTC ($6.53B) is currently held.
#BNB #PEPE
A total of 42,830 BTC ($2.94B) has been #transferred oday, and 95,061 BTC ($6.53B) is currently held.
#BNB #PEPE
In 11 years, crypto-currency worth ~$3.45 billion was stolen 💸
Since 2012, 48 burglaries have been recorded. The most common way of stealing assets from #exchanges was hacking of hot #wallets.
Here are the top 3 cryptocurrency theft cases:
#Mt.GOX : Mt.Gox was one of the largest cryptocurrency exchanges in the world until its collapse in 2014. The exchange reported the theft of more than 850,000 bitcoins, which was about 7% of the total Bitcoin volume at the time.
#Bitfinex : In 2016, Bitfinex, one of the largest cryptocurrency exchanges in the world, reported the theft of over 120,000 bitcoins. The value of the stolen funds at that time was about 72 million US dollars. The exchange has implemented security measures and developed a repayment plan to compensate its users for losses.
#Coincheck : In January 2018, Japanese cryptocurrency exchange Coincheck reported the theft of more than 500 million units of the NEM (XEM) cryptocurrency, worth around $530 million at the time.
Here are the top 3 cryptocurrency theft cases:
#Mt.GOX : Mt.Gox was one of the largest cryptocurrency exchanges in the world until its collapse in 2014. The exchange reported the theft of more than 850,000 bitcoins, which was about 7% of the total Bitcoin volume at the time.
#Bitfinex : In 2016, Bitfinex, one of the largest cryptocurrency exchanges in the world, reported the theft of over 120,000 bitcoins. The value of the stolen funds at that time was about 72 million US dollars. The exchange has implemented security measures and developed a repayment plan to compensate its users for losses.
#Coincheck : In January 2018, Japanese cryptocurrency exchange Coincheck reported the theft of more than 500 million units of the NEM (XEM) cryptocurrency, worth around $530 million at the time.
🔥🔥Mt.Gox Finally initiating payments🔥🔥
After a long and winding saga, Mt. Gox, the once-dominant crypto exchange ravaged by a massive hack in 2014, is finally initiating repayments to its customers. This means that after nearly ten years, those who lost their Bitcoin in the breach might finally see some light at the end of the tunnel.Reports are emerging from Mt. Gox customers on Reddit that initial payouts have begun, with some receiving yen deposits via Paypal. However, it seems the process isn't yet universal, as those opting for bank transfers haven't witnessed any movement yet.This is a momentous occasion for the crypto community, not just for the affected customers but also for the market as a whole. Mt. Gox's hack, which saw 850,000 Bitcoin stolen (now worth a staggering $36 billion), sent shockwaves through the nascent digital asset space. The exchange, once the largest globally, was forced to file for bankruptcy, leaving victims in limbo for years.UBS reports that the repayment process for the stolen Bitcoin is unlikely to have a significant impact on the market. The recovered funds represent only a fraction of the total amount stolen, and their gradual release over time should prevent major price swings.Mt. Gox customers will finally receive compensation, providing closure & a chance to move forward.Follow CoinRocco for more :)#Mt.GOX #NFP #BTC #ARB #sol $BTC $ETH $SOL
